Tax
James, McElroy & Diehl serves as tax counsel to individuals and business entities in all aspects of federal, state and local tax. We assist clients in the development and implementation of comprehensive strategies so they can anticipate tax implications and legally minimize their tax burden. Our clients include families, partnerships, corporations, LLCs, estates, trusts, nonprofit organizations, governmental and other entities.
Together with James, McElroy & Diehl’s business, estates and real estate lawyers, our tax attorneys handle both day-to-day and complex tax matters such as:
- Individual and family estate planning and administration, including transfers to relatives and children
- Tax planning involving the ownership, lease, and transfer of residential and commercial real estate, including Section 1031 exchanges
- Miscellaneous federal, state and local tax issues
- Business tax planning, including:
- Analysis of entity selection and formation
- Transfer or sharing of ownership
- Acquisitions and divestitures
- Distributions of profits, or allocation of losses
- Tax-efficient operation
- Income and franchise taxes
- Sales and use tax
- Excise and license taxes
- Liquidation
