Tax Law Services
There are few government agencies as
intimidating or as powerful as the Internal Revenue Service. The
IRS can impose tax liens, levies, wage garnishments, seize your
property and put you in jail. The attorneys at Flanders Elsberg
Nash Herber & Dunn, LLC have the knowledge and experience to
protect your rights when dealing with the IRS.
Tax Planning
In tax
Planning, as in estate planning, waiting carries a risk. If you
fail to structure your business or assets in a way to minimize
tax consequences now, it may be impossible for a tax lawyer to
undo the damage later. Our lawyers help our clients structure
their income and assets to take full advantage of deductions,
credits, losses and past losses to minimize taxes. We also
conduct compliance audits to ensure that your current tax
strategies are not putting yourself or your business at risk of
IRS scrutiny.
There are many legal ways to minimize the
amount of taxes that you or your business pays. However, there
are just as many tax reduction techniques that could invite an
audit by the Internal Revenue Service.
Our attorneys have advanced education and
experience in taxation beyond their law degrees. As a result, we
know the difference between tax minimization techniques that
work legally and those that are likely to be disputed by the
IRS. Our lawyers can help you explore all legal ways to minimize
your taxes, including:
-Charitable remainder, gifting and life insurance
trusts
-Offshore trusts Structuring income to minimize taxes
-Choice
of a business entity (LLC, S corporation, C corporation, or
partnership) for maximum tax advantages
-Looking
at options to get a deduction or accelerate a deduction
-Examining passive losses, and
-A
myriad of other planning strategies
Tax Returns
To
ensure that you receive the full benefits of our tax
representation, our lawyers will also prepare your personal
income, business, trust, fiduciary, gift or estate tax returns.
It's one thing for a lawyer to give you tax advice. It's another
thing for that lawyer to prepare your tax return so you actually
get the outcome you expected.
At Flanders Elsberg Nash Herber & Dunn, LLC
everything we do (from representation in tax controversies, to
estate planning, to business formation) is supported by our
understanding of tax law. To ensure that you receive the full
benefits of our representation, our lawyers will also prepare
your personal income or corporate tax return. Our lawyers have
advanced education in taxation. We offer a high level of
experience and knowledge. We limit our return filing to clients
we represent or have represented in the past. Here are examples:
-If you have a tax dispute that our lawyers help
you resolve, we will file your tax returns to ensure that you
don't have problems in the future.
-If you
failed to file income taxes in the past, our lawyers will file
back returns as a part of our representation.
-Our
lawyers prepare estate, fiduciary and final income tax returns
for estates as a part of our probate services or as a service
for other attorneys.
-If we
represent your business, we will file your tax returns to ensure
that you obtain the maximum tax advantages.
Tax Controversies
If you
are facing a tax dispute, often an experienced tax lawyer can
help strengthen your position. However, if you wait until the
IRS has assessed tax, your options will be more limited. The
time to deal with a tax issue is before the IRS is in collection
mode, preferably at the audit, examination or investigative
stage.
At Flanders Elsberg Nash Herber & Dunn, LLC in
Longmont, Colorado, our lawyers have extensive experience
dealing with State and Federal tax authorities in audits,
examinations, criminal investigations and disputes involving all
types of tax liabilities and exposures, including:
-State and Federal income taxes
-Excise
taxes
-Payroll
taxes
-Trust
Fund Recovery Penalties
-Sales
taxes
-Business taxes
-Fiduciary, gift and estate taxes
-Tax
civil and criminal penalties
Our goal in any tax dispute is to help you
obtain the optimum resolution through:
-Audit,
examination and investigative representation
-Appeals
-Tax
Litigation
-Offers-In-Compromise
-Installment payment plans
-Collection Due Process (CDP) hearings
-A
reduction in the amount of tax under dispute
-A
reduction of criminal and civil penalties
-Tax
audits can result in penalties, collection actions and criminal
charges. If you wait until you get a statutory notice of
deficiency (SNOD), you only have 90 days to file a petition with
the U.S. Tax Court for a redetermination of the deficiency
before it becomes a final assessment.
Call Flanders
Elsberg Nash Herber & Dunn, LLC for a consultation.