Tax Planning and Compliance

Our Practice

Pedersen's Wealth Preservation lawyers share a single goal: to secure our clients' financial futures with planning strategies targeted to their unique situations.

We offer full-service tax and compliance counsel. We support owners of multi-generational, closely-held private businesses by devising structures for partnerships and limited liability companies that ensure optimal tax savings. Our lawyers regularly counsel clients on the tax consequences of complex ownership formation, purchase, and sale transactions, as well as other business tax matters.

We are experienced in handling all aspects of state and federal income tax audits – from simple inquiries about a client's return to criminal tax investigations and large corporate audits with international tax implications. When a tax dispute arises, we work with in-house litigators to resolve the issue.

While no taxpayer welcomes an audit, we take the necessary steps to plan and prepare for this unlikely eventuality. Conscientious preservation of tax-related documents and information is a critical part of our tax preparation process. By diligently recording the rationales for positions taken on a tax return, we have documented support at hand should an audit occur.

Our team prepares complex federal and state income tax returns for high net worth individuals and their family members. We also have considerable experience in preparing federal and state returns for investment vehicles such as family limited partnerships and single investment limited liabilities. Our responsive, client-driven team also prepares returns for any private foundations that our clients have created as part of comprehensive charitable giving programs.

Sophisticated tax preparation software supports our tax planning and compliance practice. We also use tax projection software for accurate year-end tax planning. These software programs let us promptly access client returns and aid us in the preparation of quarterly state and federal estimated tax vouchers.

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