Tax

Hancock Estabrook has a premier Tax Practice. Our attorneys have extensive experience representing individuals, partnerships, limited-liability companies, S-Corporations, C-Corporations, closely-held businesses, multinational corporations, and tax-exempt entities.

Our experience in federal and New York State taxation includes:

• Income tax planning for individuals, partnerships, limited- liability companies and corporations

• Partnership and corporate reorganizations and restructurings

• Family limited partnerships and family limited-liability companies

• Sophisticated estate planning through tools such as qualified personal residence trusts, life insurance trusts, charitable lead trusts, charitable remainder trusts, private annuities, self-canceling installment notes, grantor retained annuity trusts, and complex Individual Retirement Account beneficiary designations utilizing testamentary trusts to maximize tax deferral for qualified plans

• Valuation discount planning

• Controversies before federal and New York State taxing authorities

• Advice to charitable and tax-exempt entities

• Obtaining recognition of tax-exempt status for entities by completing IRS Forms 1023 and 1024

• Mergers and acquisitions

• Requests for private letter rulings on complex tax issues

• Employee benefit plans

• Drafting nonqualified deferred compensation plans for highly-compensated individuals

• Bankruptcy and cancellation of indebtedness planning

• Federal and New York State tax litigation before the United States Tax Court and the New York State Division of Tax Appeals; also working closely with our Regulatory & White Collar Crime Practice attorneys to deal with investigations and other inquiries

• Obtaining releases of levies, liens, and wage garnishments

• Negotiating offers in compromise and installment agreements in satisfaction of taxpayer liabilities

• Qualifying individuals to participate in New York State’s Voluntary Disclosure and Compliance Program

• Advice on Brownfield tax issues