Tax
The members of our Tax Law Team have strong reputations and experience inside the senior levels of state and federal tax administration agencies. They are known for devising creative and aggressive tax strategies that are acceptable to both the client and the relevant agencies and courts. They serve corporate, business and individual clients in a wide range of federal and state tax issues.
AREAS OF PRACTICE
Tax Law
Adams and Reese offers a comprehensive tax practice dedicated to providing quality tax advice that is specifically tailored to meet objectives. We provide federal, state and local tax services to local, regional and national clients in the areas of business transactions, the formation or expansion of businesses, financing of businesses, and mergers and acquisitions. We also represent clients in tax disputes with federal and state taxing authorities and through the court systems. Moreover, our Tax Law Team coordinates with other practice groups within the Firm in order to apply industry and practice specific solutions to tax needs.
Business Tax Transactions
Our Tax Law Team frequently provides federal, state and local tax advice to clients who are forming new businesses or expanding existing ones. We begin by determining the appropriate business entity for each client. This can include C corporations, S corporations, partnerships (general and limited), limited liability companies and joint ventures. In addition, we advise clients on a variety of other tax issues in forming or expanding businesses, such as contributions to capital, stock and debt instruments, financing agreements, buy-sell agreements, securities offerings and compensation and benefit packages.
We also counsel clients about the effects of state and local taxation, including corporate income tax, corporate franchise and shares tax, sales and use tax, lease tax, license tax, excises tax, and ad valorem property tax.
Acquisitions & Sales
We counsel clients about the tax consequences of their proposed business purchase or sale. When we structure taxable or tax-free acquisitions, we focus on the business objectives of our clients, the nature of the assets and the business being purchased or sold, as well as any projected future transactions. In larger transactions, we obtain a private letter ruling from the Internal Revenue Service or a state taxing authority. We also render opinions about the federal and state tax consequences of the transaction.
Tax Litigation
Another aspect of our practice is representing our clients in disputes with taxing authorities. At the state level, we represent clients before the state revenue departments, other local governmental taxing authorities, and through the court system. At the federal level, we represent clients administratively before the Internal Revenue Service, and the federal court system.
INDUSTRIES SERVED
Individuals
Automobile
Shipping
Biotech
Medical
Trusts
Entertainment
Forestry
Food Products
REPRESENTATIVE MATTERS
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Represented timber company in a Section 1031 exchange, resulting in avoidance of capital gain in a multi-million dollar company.
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Represented individuals in an estate plan in excess of $50 million.
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Represented corporation in restructured international company with $20 million in annual gross income.
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Represented medical facilities in assisting with significant sales and use tax issues.
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Represented golf course with donation of $40 million facility.
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Represented automobile dealership in assisting with conversion from corporation to limited liability company to save Louisiana franchise taxes, and other corporate matters.
ABOUT OUR TEAM
Much of the strength of our Tax Law Team comes from members' previous work in the private business sector, and the complexity of the tax matters they handle. Many members of our team have strong reputations and experience inside the senior levels of regional and federal tax administrations. This perspective allows the firm to devise creative tax strategies, which are acceptable to both the client and the relevant tax agencies and courts.
CONTACT ATTORNEY
John F. Lyle III
(251) 433-3234
john.lyle@arlaw.com