Larkin Hoffman provides comprehensive federal, state and local tax services to multistate and multinational taxpayers. We work primarily with closely-held business entities and their owners to create strategies that achieve their business goals while maximizing tax savings.
Larkin Hoffman assists individuals and closely held business entities in a multitude of federal tax matters. Tax considerations above should not necessarily drive a transaction but knowledge of the benefits and pitfalls will benefit clients in achieving their business objectives. We provide practical planning opportunities and are well versed in federal tax law.
Larkin Hoffman has extensive experience representing pass-through entities, such as partnerships, S corporations and limited liability companies. We recommend the use of pass-through entities in situations where it is possible to avoid double taxation, and to allow the flow through of tax benefits to the owner.
We have extensive experience in advising investors and real estate developers in the nuances related to the acquisition, ownership and disposition of real estate throughout the United States. We have provided advice in numerous real estate transactions related to deferring and/or minimizing tax, such as like-kind exchanges and the use or investment of condemnation proceeds.
Acquisitions & Restructurings
Larkin Hoffman’s tax attorneys develop strategies to tax effectively, structure mergers and acquisitions, corporate reorganizations, liquidations, and stock and other asset sales. Many transactions require that we work closely with our firm’s corporate lawyers to develop an action plan to minimize the tax cost of the transaction while meeting the client’s business objectives.
State & Local Taxation
State legislators and taxing authorities are aggressively seeking new sources of revenue. Our attorneys can guide you through complex statutes and administrative rules to assist clients and decipher various state laws, such as nexus, residency, sales, use and income tax. If challenged by a state taxing authority, we assist in audits, administrative appeals and litigation.
We work with clients on all aspects of federal and state tax controversy matters, including audits and appeals, and litigation. We make every attempt to successfully resolve disputed issues at the administrative level because we understand that litigation can be expensive. However, in order to settle at the administrative level we (and the client) must exhibit the willingness and ability to litigate, if necessary.