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Taxation

Tax considerations are fundamental to running any business—whether the task at hand is acquiring a competitor, drafting compensation plans or reporting sales and revenue to the IRS. Maintaining the optimal financial status of nearly any legal entity, from non-profit organizations to individual households, often hinges upon deft and informed handling of tax-related issues. The veteran attorneys on LeClairRyan’s Taxation team provide comprehensive planning, technical support and advocacy services on a wide range of federal, state, local and international tax matters. Our focus is on providing practical, results-oriented and cost-effective advice to businesses, nonprofits and individuals as they structure, operate, reorganize and dispose of programs, companies and investments of all types and sizes.

Transaction-based services are a particular focus of our Taxation team. This might involve helping clients choose and design appropriate entity platforms (such as corporations, limited liability companies, partnerships, business trusts, joint ventures or strategic alliances), or helping them achieve maximum tax advantages as they structure mergers, acquisitions or reorganization transactions. We also routinely counsel clients on the tax implications of charitable and individual gift giving and estate planning.

Our Taxation team routinely helps clients gain maximum protection and benefit from tax-related decisions involving everyday matters such as business operations, sales and regulatory compliance. We counsel business owners and executives as they seek to put together effective and creative stock, equity, insurance-based and other compensation plans, and work closely with them to secure and preserve favorable tax treatment for the retirement and other benefits programs they offer to their employees. We also help companies of all types and sizes successfully implement tax law changes.

Our tax attorneys regularly guide businesses, nonprofit organizations and individuals through tax audits, administrative appeals and litigation of tax disputes before the IRS, state and local tax agencies and federal and state courts. We also frequently handle state and local tax controversy matters, including sales, license and property-tax disputes.

Compliance considerations, moreover, form the foundation of all our team’s efforts. We have particular experience in advising nonprofit organizations on compliance with IRS and state regulations (including annual reporting requirements and obtaining recognition of tax-exempt status), and in helping nonprofit and political organizations on matters such as electioneering, issue advocacy, lobbying and compliance.

Our Taxation services include:

  • Tax Planning
  • Tax Litigation, Audits and Appeals
  • Tax Compliance

Representative engagements:

Transactions:

  • Acquisition of bank holding company 
  • Acquisition of HVAC contractor 
  • Acquisition of aggregates production facilities, including exchange of business units
  • Sale of technology services provider

Equipment Finance:

  • Leveraged leases of aircraft, railroad equipment and mass transit vehicles

Business Restructuring: 

  • Design and implementation of multi-tiered Internet-based retail operation 
  • Resolution of tax disputes in bankruptcy

Sales & Use Tax: 

  • Legislative lobbying on sales-tax exemptions 
  • Administrative appeals and rulings on application of exemptions, exclusions and compliance issues

Property Tax: 

  • Appeals of assessments of real property tax on commercial and industrial properties
  • Appeals of assessments of machinery and tools tax applied to manufacturers

BPOL Tax: 

  • Advice on application of local license taxes to telecommunications providers 
  • Appeals of taxes assessed against medical services providers, retailers and contractors 

Tax-Exempt Organizations: 

  • Advice on operational and other issues for large preservation organization 
  • Organization and compliance advice for campaign finance information provider

Contact

  • 804.916.7144
  • 804.343.4388