Tax Advice, Planning and Tax Litigation
Scope of Practice
The attorneys in our Tax Practice Group have extensive training and experience in tax ramifications surrounding personal and commercial transactions. Our experience includes negotiation of tax audits, consulting with CPAs, trials to the Wisconsin Tax Appeals Commission, and trials to the U.S. Tax Court. We advise individuals and business on nearly every aspect of tax law.
- Tax Advice for Transactions, M&A, and Businesses
Our attorneys regularly provide sophisticated and creative tax advice to businesses and individuals in planning, structuring, negotiating, and implementing transactions to yield the most efficient federal and state tax consequences. Our practice includes guiding our clients through tax-free and taxable mergers and acquisitions. We have comprehensive knowledge of partnership taxation and the organization and ongoing operations of Subchapter S corporations.
- Tax Controversies and Litigation
We can help guide you through all phases of tax controversies involving the IRS and state taxing authorities. We have experience representing clients before the Wisconsin Tax Appeals Commission and the U.S. Tax Court.
- Tax for Trusts and Estates
Our attorneys have in-depth knowledge of the state and federal laws governing estate planning and probate. We provide estate planning and tax advice related to charitable giving. We can guide you through the estate and income tax considerations of your estate plan and advise you on planning opportunities using trusts, charitable gifts, lifetime gifts, and family limited partnership and limited liability companies. In addition, we prepare fiduciary income tax returns for trusts and estates.
Our Tax Practice Group represents tax-exempt and charitable organizations. We represent organizations exempt under Section 501(c)(3), as well as under other provision of the Internal Revenue Code. We have represented tax-exempt organizations in various transactions as well as in state and federal litigation.
IRS Revenue Procedures 2017-58 - What You Should Know
It's Official. The 2018 annual exclusion amount will be $5.6 million and the annual exclusion for gifts will be $15,000 per person. These and all of the other inflation adjusted tax items are set out in the IRS Revenue Procedure 2017-58 (which you can see in the attached link).
New Partnership Audit Rules
The IRS will begin using a new approach to auditing entities taxed as partnerships for tax years starting on or after January 1, 2018. Read more. (By William C. Williams and Kelly J. Stohr)
Is it Really the IRS Calling?
Telephone and on-line scams are rampant, bold and creative. Many involve scammers pretending to be IRS agents. The Service has issued an information release explaining how the IRS contacts taxpayers, what legitimate IRS representatives will or will not ask you to do, and even what identification revenue agents are required to provide. (Article by William C. Williams)
Kelly J. Stohr - Director Announced
Bell, Moore & Richter, S.C. is pleased to announce that Kelly J. Stohr became a Director at the firm.