Tax

Our Tax Group provides clients with sophisticated federal, state and local tax advice designed to promote their business goals while mitigating their tax burden. We advise new ventures on choice of entity, executive compensation arrangements and the tax implications of traditional and alternative financing arrangements. We advise established businesses on how to structure a variety of business transactions in a tax-efficient manner, ranging from advice on how to structure the sale of the business to advice on how to structure mergers and acquisitions, debt and equity financing transactions and the funding and structure of buy-sell agreements. We work closely with our Estate Planning Group to advise business clients on succession planning and individual clients on strategies for passing their wealth to the next generation while minimizing wealth-transfer taxes. We provide our clients with practical advice regarding the tax implications associated with long and short-term business strategies.

We also have extensive experience forming new non-profit organizations. We regularly advise a number of established tax-exempt organizations on the tax aspects of proposed transactions, including unrelated business ventures, tax-exempt financings, mergers and acquisitions among non-profit entities and intermediate sanction issues associated with various compensation arrangements.

Tax Controversies

We aggressively represent individual and corporate clients in tax controversies with the IRS, the Massachusetts Department of Revenue and the U.S. Department of Justice, Tax Division. We have experience defending clients in matters pending before administrative forums such as the Appellate Tax Board, as well as in state and federal courts. We are experienced trial attorneys with the ability to take matters to trial if and when necessary. Our experience also provides our clients with the ability to negotiate successful resolutions short of trial in many circumstances.

Practice Chair

Mirick O'Connell Named Tier 1 Firm by U.S. News - Best Lawyers "Best Law Firms" in 2021

[ read full story ]

PPP Return Deadline Extended to May 14th

[ read full story ]

e-Alert: Payroll Tax Relief; SBA Loans

[ read full story ]

e-Alert: Congress Passes Families First Coronavirus Response Act/ April 15 Reprieve

[ read full story ]

Free Estate Planning Clinic for Low-Income Veterans

[ download PDF file ]

Tax Planning Ideas for the End of 2018

[ read full story ]

Joint Ownership: The Good, the Bad and the Ugly

[ read full story ]

Highlights of the New Tax Bill

Last week the President signed into law a new tax bill that has dramatic effects on the current tax system. Here are highlights affecting most individuals

[ read full story ]

Extension of 2020 Federal Tax Return Filing and Payment

03/19/2021[ read full story ]

5 Ways to Incorporate Charitable Giving into Your Estate Plan

03/02/2020[ read full story ]

Trusts and Estates Newsletter - Spring 2018

06/01/2018[ read full story ]

Tracy Craig authors Kiplinger article, "Is Estate Planning Now Dead?"

05/01/2018[ read full story ]

Representative Matters

  • We have successfully negotiated settlements with the IRS, the Massachusetts Department of Revenue and the U.S. Department of Justice.
  • We have represented clients in actions pending in U.S. District Court and the Massachusetts Appellate Tax Board.
  • Representation has included a range of issues including non-payment and non-filing, failure to file tax withholding information, business valuation and residency issues.
  • We have helped our clients successfully avoid foreclosure and asset forfeiture.
  • We have successfully negotiated payment plans on behalf of clients with both state and federal authorities.

Do I Need a Health Care Proxy?

If you have found yourself asking this question, the answer is an emphatic yes. Health Care Proxies are one of the most important documents in your estate plan. So what is it, and why is it so important? A Health …

[ load webpage to read more ]

Financial Planning for Seniors

This article was authored by elder law attorneys Arthur P. Bergeron and Leah Kofos. To whom do you trust to give your financial planning advice?  Your accountant?  Your kids?  The guy you have coffee with at Dunkin Donuts?  Your lawyer? …

[ load webpage to read more ]

Extension of 2020 Massachusetts Tax Return Filing and Payment

This article was authored by Allen J. Falke, Tracy A. Craig, and Leah Kofos. Following the recent federal extension for tax filings, Massachusetts has announced that it will extend the filing and payment deadline for individual income tax returns until …

[ load webpage to read more ]

Extension of 2020 Federal Tax Return Filing and Payment

This article was authored by Allen J. Falke, Tracy A. Craig, and Leah Kofos. The Internal Revenue Service announced yesterday that the federal income tax filing and payment deadline for individuals will be extended until May 17, 2021. This extension …

[ load webpage to read more ]

A Few Tips for Tax Season

This article was authored by elder law attorneys Arthur P. Bergeron and Leah A. Kofos. I love being at Mirick O’Connell because when my elder clients inevitably call me at this time of year asking tax questions, I can always …

[ load webpage to read more ]

Planning to Stay Home

Most seniors, like my friends Frank and Mary, hope they can live in their home until they die.  But hope is not a plan. Here are some tips: Make your home safe. The older you get the greater the risk …

[ load webpage to read more ]

The Planning You Need to Qualify for MassHealth

In previous columns I have explained how, whether you are single or married, you can always qualify for MassHealth at the last minute if you need to.    Knowing that to be true, do you still need to plan ahead?  The …

[ load webpage to read more ]

Giving it All Away (Or at Least Some of It)

Every December my clients ask whether or not it makes sense to make gifts to their loved ones.  In addition to getting to hear “thank you”, there are several advantages to giving assets away before you die, with few disadvantages.  …

[ load webpage to read more ]

Single? Need to Qualify for MassHealth?

It is important to know your options when it comes to qualifying for MassHealth should you require home health care or nursing home care. Many seniors who are single often lose sleep worrying about this very issue. Rest assured, whether …

[ load webpage to read more ]

The Couples Guide to Qualifying for MassHealth

Whether you’re married or single, if you need MassHealth because you need nursing home care or need a lot of care at home, you can always qualify for MassHealth.  This month, I’ll talk about the rules if you’re married.  Next …

[ load webpage to read more ]
 

Our Practices