For most small businesses it’s hard to find the right lawyer for tax advice. The ideal lawyer gives sophisticated long-term tax advice that integrates corporate and operational legal guidance, at a reasonable price point. Usually attorneys who offer tax advice to small businesses and start-ups are corporate lawyers who are “winging” it on tax issues and hoping the clients will rely on accountants and superficial analysis.
Unlike most attorneys, who know about tax issues – but don’t know how to solve them – I’ve actually read the Tax Code and the relevant IRS Regulations. I know how to find and analyze the relevant guidance from the Treasury Department and the IRS and get you a solution. I know when you need an accountant and when you need an attorney.
You need a lawyer who can "play well" with the accountants and that is “me.” I try and push issues to the accountants where they are more efficient and cost effective. Hopefully, they push issues to me when they fall in the grey areas and the answers in the tax code don’t seem so obvious. Tax lawyers are more than just expensive accountants and accountants are more than lawyers who knows numbers. They complement each other and have partially overlapping skillsets. So, you may need both.
I give unique tax advice focused on small businesses and start-ups. My tax background includes a Masters in Tax Law from NYU, and a stint at the IRS and extensive experience with national and international tax. I have seen numerous small business and start-up tax issues. Most of these issues should be handled from both an operational and tax perspective. My specialization includes addressing these issues for start-ups and for those engaging in foreign investment.
Some common small business and start-up issues I hear and answer include:
- How will the 2017 Job Cuts and Tax Act affect small businesses?
- When should founders or employees file a Form 83(b)?
- Are the filing deadlines really deadlines?
- What do the actual tax regulations say and what will the Government really do?
Some common foreign investment issues include:
- How should foreign investors come into American small businesses/property - from a tax perspective?
- What are the tax ramifications for foreign owners of US start-ups operating as C Corporations, S Corporations and LLCs?
- How do you perform services overseas while minimizing your tax bill?
I can address these issues and other frequently asked questions. I’ve written several articles on the 2017 Job Cuts and Tax Act and I can advise you as to how to structure your business operations to take advantage of the new law.