Westfall Law provides a broad range of tax advice, counseling, and consulting at the federal, state, and local levels to corporations, partnerships, LLCs, non-profits, and individuals pertaining to taxation in New York and the U.S. Virgin Islands.
Every individual and business is required by Internal Revenue Service to file and pay taxes by the 15th of April each calendar year. It is important that all tax information provided is accurate and that all deductions are properly accounted for, otherwise the IRS may conduct an audit and impose penalties.
Attorneys at Westfall Law have extensive experience and are well-versed in sophisticated areas of taxation, including IRS tax audits, tax planning, tax evasion and fraud, purchases and sales of real and personal property, and abatement of tax penalties.
Further, our Attorneys regularly advise start-up and small businesses on choice of entity and ownership structure questions, and advise businesses at all stages with regard to corporate reorganization, partnership tax matters (including drafting operating/partnership agreements with special allocations, guaranteed payments, etc.), tax free section 1031 exchange transactions, tax liens & levies, and qualification for tax exemptions.
When dealing with our clients’ tax related issues, the preservation of income and assets is always our primary goal.
- Represented clients in local and IRS audits regarding deficiencies and residency
- Negotiated tax abatement, installment agreements and offers in compromise
- Defended audits regarding payroll taxes and sales’ taxes
- Drafted legal memoranda on complex M&A issues, Source of Income, Effectively Connected Income, transfer pricing issues, and Controlled Foreign Corporations.
Completed a $3M M&A for a Virgin-Islands based client.
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