Tax

We know the tax code inside and out, structuring transactions for clients in a way that will save them money and reduce their tax liabilities.

Tax issues are present in almost every business and personal transaction. UB Greensfelder’s tax attorneys develop creative approaches to minimize tax costs and maximize tax benefits. We work closely with attorneys in the firm’s trusts and estates, real estate, and other practice groups to help implement new tax strategies in our clients’ business and personal lives in response to new developments and changes in the tax law.

Who We Are

The experience and knowledge of our tax attorneys cover all aspects of federal, state, and local taxation. We counsel and represent clients in business transactions, estate planning and probate, and tax controversies.

How We Help

We assist clients with the following:

  • Mergers and acquisitions: Providing tax counsel with respect to the purchase and sale of businesses in taxable and nontaxable transactions to minimize the tax effects of the transaction, including counseling on mergers and acquisitions, Code Section 338(h)(10) elections, Code Section 336(e) elections, “F” reorganizations, tax-free rollovers, and other tax-efficient structures.
  • Business entity structures: Providing tax planning for closely held businesses, real estate developers, and family offices related to creating or changing of business structures to optimize for tax efficiency.
  • Like-kind exchanges: Implementing like-kind 1031 exchanges and other tax-free or tax-deferred exchanges involving complex structures, including variations of interests, partnership divisions, related parties, and tenants-in-common interests on behalf of individuals, partnerships, and corporations.
  • Incentives: Advising investors, sponsors, developers, and funds on qualifying for and using federal and state benefits to revitalize designated urban and rural communities, including forming and structuring Qualified Opportunity Funds (“QOF”), forming and structuring Qualified Opportunity Zone Businesses, and meeting compliance obligations.
  • Audits and appeals: Representing clients in all phases of tax controversy matters, including audits, protests, and appeals at the federal, state, and local levels.
  • Collections: Negotiating and settling tax collection matters with governmental agencies.
  • Advance rulings: Obtaining advance rulings from the Internal Revenue Service to ensure the tax consequences of a proposed transaction.
  • Succession planning for family businesses: Developing business and tax strategies necessary to meet family goals.
  • Wealth transfer planning: Creating family limited partnerships, trusts, and gifting programs.
  • Litigation: Analyzing tax aspects of litigation, including employment-related disputes.
  • Tax-Advantaged Investments: In collaboration with our real estate team, structuring tax-advantaged investments, including historic rehabilitation tax credits, new market tax credits, and other real estate syndications.
  • Nonprofits: Forming, counseling on tax-exempt status, and assisting in the operation of tax-exempt organizations.