The function of tax planning is to select the appropriate tax result and the function of compliance is to reach that result. At Clark Hill, we have broad experience in assisting clients with the multitude of filings and reports required by federal, state, and local taxing authorities.
We frequently advise corporations and individuals about the appropriate reporting of significant business and personal transactions on federal and state income tax returns.
Our lawyers work with clients to minimize state franchise and/or income taxes in various states, frequently accomplished through structuring alternatives and apportionment and allocation methodologies. Our attorneys identify and minimize exposure to state sales and use tax and routinely represent clients regarding the applicability of occasional sale exemptions, resale exemptions, and collection requirements.
Our tax attorneys review merger, acquisition, and divestiture transactions concerning state and local tax consequences. We also represent clients in state tax audit situations to analyze identified issues, develop audit strategies, negotiate settlements, and litigate claims. When appropriate, our team promotes and drafts tax legislation that would benefit our clients.
We also prepare tax returns each year for individual clients. We have extensive expertise in the preparation of federal and state fiduciary income tax returns for estates and trusts, and in cooperation with estate planning and estate administration attorneys within the personal legal service group, we prepare and advise on federal estate and gift tax returns as well as filings under various state inheritance and estate tax laws.