State and Local Tax
Shipman & Goodwin's State and Local Tax Practice has the knowledge and experience to address your Connecticut and municipal tax matters. Our practice group regularly handles issues relating to the Connecticut corporation business tax, sales and use tax, individual income tax, insurance premium tax, real estate conveyance and controlling interest transfer taxes, utility and excise taxes, and the municipal property tax, including:
• Tax Planning. We advise international, national and local businesses and individuals on tax planning and tax reduction strategies. This advice includes counseling clients on: the proper structure for transactions and business relationships (such as joint ventures, construction contracts, etc.); the qualification for state tax exemptions and credits; the standards for nexus, combined reporting and the disallowance of affiliated entity transactions; and domicile and residency matters.
• Audits and Tax Controversies. We have worked successfully with business clients in all industries and with individual clients in the defense of audits, the prosecution of administrative appeals and, when necessary, the handling of matters before all state courts. Commencing with the initial notice of audit, we help our clients narrow the scope of an audit, organize documentation for audit review, defend against proposed assessments and prosecute appeals in an efficient and economical manner that maximizes a client's chance for a successful resolution and minimizes the intrusion into their businesses and private lives.
• Legislative and Administrative Tax Policy. Our attorneys have significant involvement in the development and implementation of legislative and administrative tax policy. Alan Lieberman is the coordinator of a select group of four state tax practitioners which meets regularly with the Connecticut Commissioner of Revenue Services and her staff to discuss state tax legislation and policy, and Lou Schatz is to become the Chair of the Tax Section of the Connecticut Bar Association. We have chaired and/or sat on committees appointed by the Connecticut General Assembly and the Connecticut Department of Revenue Services to address such matters as the taxation of the financial services industry, the apportionment of income by various industries, and the taxation of partnerships, limited liability companies and their owners. We also have authored or co-authored legislation governing the taxation of the financial services industry, the enactment of exemptions from the Connecticut corporation business tax, sales and use tax and the insurance premium tax, and the promulgation of new special tax incentives and credits. Our attorneys work regularly with the Connecticut Department of Revenue Services in the preparation and implementation of legislative and administrative proposals proposed by the Department and/or the taxpayer community, permitting us to advance the interests of our clients, and keep them apprised of developments in the law in areas where there may be little or no written guidance.
• Special Services. The State and Local Tax Practice Group publishes a semi-annual newsletter on developments in Connecticut tax legislation and policy. Our attorneys are requested annually to address state tax topics by the University of Connecticut, the Connecticut Society of Certified Public Accountants and the Connecticut Business & Industry Association. We have spoken before industry and trade groups and regularly author articles and outlines on selected tax topics.
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Contacts
Alan
E.
Lieberman
(860) 251-5801
Louis
B.
Schatz
(860) 251-5838
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