Business & Tax Law
DeStefanis Law Offices helps clients with various different aspects of creating a business and business related legal matters. Contracts, organization and registering your business, licensing, and more.
We also help individuals and businesses navigate the complexities of the Internal Revenue Code and Treasury Regulations to give them the answers they need. Whether it’s trying to sell or reorganize a business, looking into a Section 1031 like-kind exchange or even just need some information regarding the treatment of assets, we can help.
- Personal Income Taxes
- Business Planning
- Reorganizations
- Tax Negotiations
- International Tax
Business Planning – We help small businesses get the most out of their hard work! When starting a business, it is important to understand about the structure and tax treatment of your company. Tax obligations and record keeping are not things that you should attempt to learn on the job. You need an understanding and a plan from day one.
There are many varieties of business forms, such as sole proprietorship, LLC’s, partnerships and corporations. Different business forms have different tax obligations. If you are starting a business with multiple owners you may need to determine what type of treatment each partner or co-owner will get in regards to tax, profits, capitalization, etc. LLC’s are one of the most popular entities to use due to their simplicity, but is it the best form for your business? An attorney can assist you in determining the most advantageous form for your business, considering your current and future needs.
Some people want to sell or reorganize a business they currently own, but tax consequences can be quite different depending on the form a transaction takes. For example, the use of retained earnings to purchase stock from one owner to be transferred to another owner can have very different tax implications than the use of those same funds to redeem an owners stock and place them back into the business. These are complex matters that need to be considered along with all of the clients’ particular objectives. DeStefanis Law Office can help your business find the best approach to meet all of its goals.
International Tax – In our growing global economy, there are an ever increasing number of businesses and individuals operating or working in multiple taxing jurisdictions. DeStefanis Law Office will assist taxpayers, foreign and domestic, to understand the U.S. tax laws regarding their multi-jurisdictional activities and maximize their efficiency. We also assist American citizens working overseas or with foreign income in completing their individual tax returns.
Personal Income Tax – We can help individuals and businesses file taxes, including answering questions or giving advice where needed.
Tax Negotiations – We frequently assist delinquent taxpayers work out a solution to their issues with the taxing authorities.