Reduce Serious Tax Costs
From business estates to personal ones, we can help you create an achievable plan to preserve your wealth and reduce tax amounts. Our plans help you reduce the risk to your estate, comply with state and federal regulations, and allow you to provide your family with the highest inheritance possible.
Property Tax Appeals
The assessed value of your home is how your property tax is calculated. Learn how you can appeal this amount.
Is Your Home's Value Accurate?
If you are paying higher property taxes, you may want to reassess the value of your property.
As home values go up, property taxes do as well. If you suspect your home's assessed value isn't correct, you can hire our firm to appeal the value on your behalf.
Generally, your property tax bill is calculated by multiplying your home's assessed value by the local tax rate. Your local government is in charge of periodically assessing your home's value.
Where to Start When Appealing a Property Tax
If you are interested in appealing your property tax, you need to be prepared to do some research.
Who This Service is For
Despite possible savings of thousands of dollars, only 2% of homeowners appeal their assessments, which is the first step in lowering taxes. Surprisingly, in most cases, getting a break on property taxes isn't difficult. You may be able to obtain some relief from your local assessor.
Want to Learn More?
When working on a Property Tax Appeal, consider the following things:
- Keeping your property description accurate and up-to-date. Keep square footage, rooms, and amenities correct.
- Check if you qualify for exemptions for living in your home and not renting it out, or if you are a senior, veteran, or disabled.
- Find out if you are overassessed. If the assessor's market fuzzy estimate of your home is more than you think you can sell for, you can always appeal.
- Special issues on your property from natural disasters can be noted as special circumstances and lower your assessment.
- Have a current appraisal. If a professional appraiser has assessed worth lower than assessed value, you have solid evidence to lower the assessment value. A new appraisal may cost you, however, but if the appraisal makes your case a lower assessment it could be worth it.
Advanced Estate Tax Planning
Reduce or even eliminate estate taxes. Get the legal support you need to understand which direction is best for you.
Don't Wait to Protect Your Estate
Plan ahead now so you can leave the maximum inheritance possible to your family.
The earlier you begin using advanced estate planning strategies, the more potential savings on your estate taxes. Advanced tax planning focuses most specifically on three aspects of your property taxes:
- Gift taxes
- Estate taxes
- Transfer taxes
Planning Techniques That May Be Beneficial
Especially if you have a large estate, you want to consider available strategies that could minimize your exposure to federal estate tax. Our team can do an analysis of your assets and create an estate plan that is customized to you and your family.
Who This Service is For
Advanced estate planning is more than a simple will or basic living trust—can be critical for people with valuable, taxable estates. It provides options for minimizing or even eliminating estate taxes. Advanced estate planning puts family values first and protects assets to the benefit your future generations.
Want to Learn More?
For those who have accumulated even minimal wealth, the fear of losing it all in a lawsuit can be a great concern. Some professions are more prone to lawsuits than others and, of course, accidents can happen. How do you make a plan to protect your wealth while also avoiding unnecessary taxes and costs?
Advanced estate tax planning focuses primarily on reducing taxes, specifically the three taxes most commonly imposed on the transfer of assets: the gift tax, the estate tax, and the generation-skipping transfer tax. Advanced estate planning typically includes strategies such as: Life insurance trusts.
You can reduce or even eliminate estate taxes by gifting assets into an irrevocable trust for eventual transfer to your beneficiaries or even to charities. But the trust must be irrevocable. Many states allow trusts to continue for hundreds of years or even into perpetuity so you can establish dynasty trusts for their current and future family members.
What is the biggest enemy in tax planning? (Not the IRS!) Procrastinating!
The earlier your planning starts, the easier the planning is maintained and the more tax savings can be realized. Because Advanced Estate Tax Planning focuses primarily on reducing taxes, you can plan to reduce three most common taxations on the transfer of assets: the gift tax, the estate tax, and the generation-skipping transfer tax. Some strategies include:
- Life insurance trusts
- Qualified personal residence trusts
- Grantor retained annuity trusts
- Asset protection trusts
- Land trusts
- Dynasty Trusts
- Family limited partnerships or limited liability companies
- Asset gifting
- Reduction of estate taxes
Tax Controversy
Do you have a dispute with the IRS? Our guidance can get you to a fast and effective resolution.
Efficiently Resolve IRS Disputes
We represent individuals and companies in all types of tax controversies.
A tax controversy with the IRS can be complicated and challenging, and may even require litigation proceedings in federal court. Let our specialized team be your partner and help you find a fast, effective resolution to your tax problems. Contact us today!
Be Confident in a Sound Solution
With our experience on your side, it doesn't matter what type of tax controversy you're facing. We provide trusted advice, and can represent you through every step of the process.
Our assistance includes the following areas:
Who This Service is For
Tax controversy is an area of legal practice involving tax disputes between tax collection entities such as the U.S. Internal Revenue Service (IRS), and taxpayers, sometimes as the result of an audit.
Want to Learn More?
- We can offer better overall results in less time than the traditional IRS examination process. We can help minimize tax risk in your return by pre-filing resolution tailored to your situation.
- We can represent you in federal tax disputes before the IRS, including those involving fast track settlements, IRS appeals, mediation and arbitration. Don’t face the IRS alone.
- Ignoring certain compliance failures or issues can leave you open to lengthy IRS audits, penalties and worse. We can approach the IRS and propose a resolution, which may increase your ability to reach an expedited and favorable conclusion.
- Where penalties result from late filing or late payments, our tax controversy team can offer sound strategies to obtain penalty abatements and assist you in preventing penalties in the future.
- Interest assessments are complex and can occur long after the IRS completes its examination and assesses the tax. We can review account activity across years, returns and types of tax to identify and resolve IRS errors.
- Do you know whether there are errors in your IRS account? Our team can conduct a detailed review to of your company’s IRS accounts, interpret account transcripts and isolate account problems.
- Mergers and acquisitions can result in entity classification issues where taxpayer identification numbers, fiscal-year ends or common parent identities do not match the IRS’s records. We can assist you in resolving these matters quickly and efficiently.