With state and federal tax codes changing every year, businesses both large and small and individuals need assurance that they are in compliance with this increasingly complex area of the law. Attorneys in the firm's Tax practice are regularly called upon to assist businesses, executives and individual clients on all aspects of international, federal, state and local business tax matters. We pride ourselves in keeping current on all changes to the tax codes that might -- positively or adversely -- impact our clients, and report our findings in a comprehensive annual tax legislative review.
Additionally, our tax lawyers assist clients in structuring mergers, acquisitions, divestitures, spinoffs, split-offs, shareholder redemptions, joint ventures, real estate ventures, and reorganizations. They are also involved in tax planning for:
- Corporate acquisitions and dispositions, such as leveraged buy-outs, tax-free reorganizations and taxable sales of stock or assets
- Transactions between closely held corporations (such as S corporations) and their shareholders
- Structuring venture capital transactions (representing either the VC fund or the emerging growth company)
- Debt and equity offerings
- Key executives, including incentive and non-qualified stock options and other forms of compensation
- Transactions involving limited liability companies, partnerships and joint ventures
- Minimizing State of Connecticut business taxes, sales and use taxes, real property or conveyance taxes, and the personal income tax
- Tax-exempt organizations, including formation, qualification and operational issues (including minimizing excise taxes)
Members of the Tax practice represent clients before the Internal Revenue Service, including representation at the audit and appellate level and, where necessary, in tax litigation. We also regularly represent clients at every stage of the State of Connecticut audit process, including both the appellate level, and, if necessary, in state tax litigation.
Our Tax attorneys are frequently called upon to draft state tax laws and legislation. Representatives of the Tax practice drafted the Connecticut statutes governing the state taxation of the financial service industry, including insurance companies, financial institutions and their affiliates. A member of the Tax practice co-chaired both the Connecticut General Assembly and Connecticut Department of Revenue Service committees on the taxation of the financial service industry, and currently sits on the Commissioner of Revenue Services’ tax practitioner advisory group.