Wendel Rosen’s broad-based domestic tax practice is largely driven by its impressive transactional practice, with an emphasis on entrepreneurial clients and the closely-held business/private equity sector. The firm’s tax attorneys work efficiently and provide clear and strategic advice.
Members of Wendel Rosen’s tax group routinely work with the firm’s other transactional and real estate attorneys to ensure that tax issues in complex corporate or real estate transactions are effectively addressed and to ensure that such transactions are structured in the most advantageous manner for tax purposes.
The firm’s tax practice also encompasses tax controversy in both administrative and court proceedings involving tax disputes with the IRS and the California Franchise Tax Board. Our practice before the IRS also includes, in appropriate circumstances, applying for private letter rulings to obtain hard or soft comfort concerning the federal income tax consequences of various complex transactional matters.
Our income tax planning includes advising clients on techniques which can be deployed to minimize or defer recognition of income, such as installment sales, deferred payment arrangements and tax-deferred exchanges of commercial/investment real property. In addition, we are actively involved in assisting our clients to determine the most “tax efficient” structures to utilize for their businesses activities and operations.
Many of our clients are successful family-owned businesses whose owners have worked hard for years to build their businesses and wish to ensure that the business will remain successful and family-owned for generations to come. We work closely with these clients to develop targeted succession planning strategies to minimize income and estate taxes while simultaneously providing for the transfer of the business to subsequent generations.
Wendel Rosen’s tax team takes pride in understanding the business needs of its clients and providing both federal and state solutions to the myriad of tax challenges with which they are often confronted.