Tax Counseling and Compliance Work
Including Documenting Internal Revenue Code Section 1031 Exchanges, Corporate Reorganizations, Strategies to Minimize Local Taxation and Representation of Parties Before Local Property Tax Authorities and the Internal Revenue Service, and Estate Planning
We try to keep taxes in mind with everything we do, though we are not pure tax practitioners. Rather, we have nodules of experience that pertain to the transactions we see, such as expertise in Internal Revenue Code Section 1031 compliance, which has grown out of our real estate work. Similarly, we have experience with the tax consequences of technology transfers, mergers and acquisitions, and executive compensation plans, arising out of the work we have done in those areas.
Some Recent Examples Include:
- Creation of various non-profits
- Utilization of a Section 1031 to effectuate a tax-free corporate division
- Negotiation and documentation of a major gift to a local university
- Representation of party exchanging an office building in downtown Los Angeles for a shopping center in Marina Del Rey, California under Internal Revenue Code Section 1031, which entailed the problems inherent in a complex real estate disposition, a shopping center acquisition, and the need for limited partnership approvals and observing fiduciary duties.
- Conversion of a cooperative into a condominium
- Conversion of a hotel into a senior citizens home
- Establishment of tax-exempt charity
- Representation of limited partner investors in tax shelters being examined by the Internal Revenue Service
- Representation of parties in appeals of property, income tax, payroll tax and sales tax audits
- Estate planning, including the preparation of wills, revocable trusts, irrevocable life insurance trusts, college education trusts, pet trusts, powers of attorney for health care and asset management, nomination of guardians