PARTNERSHIP, CORPORATE & SPECIAL ENTITY TAX SERVICES
TAX PLANNING & ADVICE FOR BUSINESS ENTITIES
WKBK&Y’s Partnership, Corporate and Special Entity Tax Services assists in tax planning and advice concerning partnerships (both general and limited), joint ventures, limited liability companies, corporations and other business entities. Our tax attorneys advise on a complete range of tax issues relating to the formation, operation, acquisition, reorganization and sale of business entities.
TAX SERVICE AREAS
PARTNERSHIPS & LLCS
We are recognized in Northern California for our tax-related work for partnerships, limited liability companies and other pass-through entities. We actively advise on:
- Partnership tax accounting
- Tax basis and FMV adjustment elections
- At-risk issues
- Substantial economic effect
- Phantom tax gain
- Withholding rules
- Partnership debt discharge (CODI)
- Recapitalization
- Partnership tax-deferred (Section 1031) exchanges
- Deemed sale rules
- Benefit planning
CORPORATE TAXES
In the corporate tax arena, WKBK&Y handles both basic and sophisticated tax planning for corporate entities. In addition to similar services provided for pass-through entity tax planning, planning for corporate tax issues include:
- Partnership tax accounting
- Tax basis
- Minimization of Section 357(c) gain from excess debt formation
- Debt-equity characterization rules
- Taxable liquidations
- Tax-free reorganizations and mergers
- S Corporation elections, built-in gain taxes, passive activity taxes
- Professional service corporation rules
WKBK&Y corporate tax services have included tax opinions, obtaining government tax rulings, tax assistance with financing and due diligence on tax issues relating to acquisitions.
CHOOSE A LEGAL PARTNER THAT'S COMMITTED TO YOUR SUCCESS.
To find out how we can help you through the complexities of today’s legal issues, call (916) 920-5286 or click below.