Tax Planning and Tax Compliance
Transactional Tax Planning
This service involves tax planning and structuring based on specific events such as the following:
-
Purchase or sale of a business (stock vs. asset sale) or a partnership interest,
-
With a focus on creating a business exit strategy (in advance of sale) that is most appropriate for and aligns with your personal and family goals while analyzing how the sale impacts your retirement and estate plans,
-
-
Business succession planning: creation of cross purchase and entity redemption agreements,
-
Selecting the correct business entity form (i.e. C or S Corporation, General or Limited Partnership, or disregarded entity) and understanding the tax consequences of each form and their relevant exit strategies. This is a key point in launching and selling your business. Different business entity forms may be more advantageous for certain types of businesses and at different periods of time in a business' life cycle.
-
Partnership Transactions (creation, property contributions and distributions, special allocations, liquidations, partnerships mergers, divisions, converting to a C or an S-Corporation),
-
Calculation of tax basis in an investment, C-Corporation, S-Corporation interest, or Partnership. (This is key when its time to sell the business).
-
Estate Planning (estate equalization, asset titling, spousal gift planning, estate freezes, family limited partnerships) and Trust planning (By-pass, Power of Appointment, QTIP trusts, CRATs, CRUTs, GRATs, and GRUTs, IDGTs),
-
Purchase or sale of real estate investment property or the exchange of real estate (section 1031 exchange),
-
Tax efficient placement of investment assets within an investment portfolio and taxation of investment vehicles,
-
Navigating Incentive Stock Options ("ISOs") exercises and managing AMT implications,
-
Sale of investment assets (impact of tax harvesting, readjusting placement of investments in portfolio, and rebalancing portfolio investments),
-
Section 1035 transactions with insurance products (life insurance, annuities, long-term care policies),
-
ROTH IRA conversions (analysis of whether converting would save taxes and determining the most beneficial time to convert).
These are just a few examples of certain types of transactions that require careful tax planning and analysis that we can assist you or your business in effectively navigating and managing.
Corporate Tax Planning and Tax Return Preparation
TierOne Capital provides corporate tax planning and tax return preparation services. Does a "C" or an "S" Corporation structure better align with your long term business goals and exit strategies? Which of these two corporate forms makes more sense for your company? We can help you with choosing the most appropriate corporate structure in addition to overall tax planning for your business. We are focused on fully utilizing planning strategies and the Internal Revenue Code to ensure your business pays the least amount of tax.
Partnership Tax Planning and Tax Return Preparation
TierOne Capital provides partnership tax planning and tax return preparation services. In addition, TierOne Capital specializes in Internal Revenue Code Subsection K ("partnership") transactions including partnership creations, contributions, operations, allocations, distributions, liquidations, mergers, divisions, converting to C-Corporations or S-Corporations. etc. Partnership transactions are complex and require careful analysis and planning. TierOne Capital has extensive partnership tax experience and expertise and is highly-qualified to advise on partnerships tax planning transactions and tax matters.
Individual Tax Planning and Tax Return Preparation
Individual comprehensive financial planning and tax planning are extremely inter-related and when used effectively create a tax plan that is holistic, all-encompassing and addresses each core area of your entire financial picture. TierOne Capital's mission is to identify high-value tax planning strategies to help you reach your financial goals and to build wealth. From a tax return preparation standpoint, we will ensure we capture every tax deduction and tax credit eligible for use in lowering your tax return liability.
Estate and Trust Tax Planning and Tax Return Preparation
Estate Equalization, spousal gifts, the use of various trusts including power of appointment, marital, and insurance trusts are effective tools in managing estate and gift taxes. (i.e. asset titling, effective utilization of CRATs, CRUTs, GRATs, GRUTs, IDGTs, estate freezes, and family limited partnerships). TierOne Capital use these tools, structures, trusts and more to assist you in effectively navigating and minimizing your estate taxes. Regardless of the size of your estate, you may benefit from estate planning. TierOne Capital prepares estate and trust tax returns (i.e. simple, complex, revocable and irrevocable).