Taxation and Tax Laws

Personal and business planning cannot be intelligently engaged in without appropriate considerations of applicable federal and state tax laws.

The McNeill Group Has Substantial Experience Working with Federal Income Tax Laws Affecting:

• Individuals
• Businesses (C corporations, S corporations, limited liability companies and partnerships)
• Nonprofit tax-exempt organizations (including charities, charitable trusts and private foundations)
• Trusts and estates

We have extensive experience helping individuals and organizations structure their affairs so as to minimize their liability for federal income taxes.

The effects of taxation must be taken into consideration in planning but should never unduly influence good business judgment concerning the intelligent conduct of affairs. We pride ourselves in our grasp of relevant tax laws, rules and planning techniques. We are committed to working with clients, their CPAs and other financial advisors to implement practical business and personal tax planning strategies on a cost-effective basis.

Our attorneys and staff are experienced and well versed in the utilization of 1031 like-kind exchanges and reverse exchanges, representing clients' interests both from a real estate perspective as well as a tax perspective. Drafting both exchange and closing documents, the firm has handled exchanges involving real property, personal property, construction and improvements, multiple exchanges, simultaneous and deferred exchanges. We can also refer clients to or provide an entity to serve as a qualified intermediary or exchange accommodation titleholder.

If you would like more information on 1031 exchanges, please call or email us and we will be happy to send you a copy of a brochure entitled Section 1031 - Tax Deferred Exchanges in a Nutshell, which provides a brief overview of the advantages, requirements and consequences of 1031 exchanges and reverse exchanges. Be assured that we will not contact you further unless you so request.

IRS Circular 230 Disclosure

To ensure compliance with requirements imposed by the IRS and other taxing authorities, we inform you that any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.