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

Allen J. Falke

Allen J. Falke
Of Counsel

John P. McMorrow

John P. McMorrow
Of Counsel

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 ]

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.

Who Ya Gonna Call?

As seniors, you are probably the greatest beneficiaries of the Great Society, that incredible combination of programs created by President Lyndon Johnson and passed during the 1960s. The anchors of those programs, of course, were Medicare and Medicaid.  Before the …

[ load webpage to read more ]

Protecting the Cottage

Are you lucky enough to own that special place, whether it’s a camper in Maine or a house on the Cape, where you, your children and your grandchildren can go to enjoy some time away together during our all-too-brief New …

[ load webpage to read more ]

If You See Something, Say Something

One of my elder clients (we’ll call her Mary) called about two weeks ago. She had received a call from a caseworker at Springwell, one of the network of regional entities charged by the Commonwealth’s Office of Elder Services with …

[ load webpage to read more ]

Sick? Call Your Doctor – Then Call Your Lawyer

This past month two different people called (neither of them were an existing client) with the same story. Each one had a relative close to death and wanted to know if there was anything that should be done.  In each …

[ load webpage to read more ]

How “Waiving the Will” Could Affect You

In the spring, as part of a my seminar series, I will be presenting “Elder Law for Couples,” in which I will discuss the ins and outs of estate planning for seniors. One of the new issues is a new …

[ load webpage to read more ]

It’s Tax Time Again – Here Are Four Quick Tips

If you or your spouse is chronically ill, here are four quick tips to consider if you itemize deductions on your income tax returns: LONG TERM CARE INSURANCE PREMIUMS ARE USUALLY DEDUCTIBLE. They are part of your medical expense deduction.  …

[ load webpage to read more ]

Upcoming Elder Law Legal Clinics

Below is a listing for two of my upcoming programs.  Contact your local Council on Aging for more information and to register. If you miss a program, you may always watch them on your local cable access station or on my …

[ load webpage to read more ]

Boston Globe article highlights the importance of estate planning for blended families

A recent article in The Boston Globe – “A patriarch leaves no will and the home he meant for his Cambridge family may be lost” – demonstrates the importance of having an estate plan, particularly with blended families, and shows how not having …

[ load webpage to read more ]

Things to Consider When Trying to Avoid Probate

Probate is the court process of determining who gets your assets when you die.  A Will does not avoid probate, but it governs who will get your assets owned in your sole name.  To avoid probate, you need to structure …

[ load webpage to read more ]

Make a Resolution to Talk to Your Proxy Agent

A few months ago I participated in a great event at Milford Regional Hospital.  The Hospital is actively encouraging Milford residents and the neighboring communities (who obviously are all likely future patients there) to not only complete a Health Care …

[ load webpage to read more ]
 

Our Practices