MG&C Law

Why would you ever need a Tax Attorney if you never have to go to Tax Court? Are there tax related issues, tax advantages, or strategies you can use to your advantage in the purchase or sale of a new or existing business? Are there any tax-saving strategies available when retiring and selling your business – should you pass it on to your children or otherwise transfer your investment into something new?

Tax Attorneys rarely spend time in court. At MG&C, our Tax Attorneys are committed to applying sound, useful tax law strategies designed to help keep you out of court and to help insulate your tax related transactions from audit review. In every phase of the life cycle of a business, you make decisions and engage in transactions that have tax implications and consequences. Even most of the significant transactions in which you participate as an individual or as a property owner have tax implications and consequences. Tax Attorneys are the primary professionals that focus on the tax effects and tax consequences across the broad range of decisions and transactions encountered in the life cycle of a business. Other professionals may do your tax returns or your bookkeeping, extremely necessary post-transaction activities, but often they engage little time, if any, in the pre-transaction strategic tax planning and structuring of your critical business activities. Strategic tax planning should be a part of every business endeavor. A tax impact analysis should be sought before the commencement of every significant business transaction and every significant personal transaction that involves a taxable event. With an in-house Tax Attorney, MG&C can provide that often overlooked, but often critically necessary, tax impact review of your business and personal transactions. All too often, the advice of a Tax Attorney is only sought after a failure to plan has exposed a problem. Used in this fashion, the services of a Tax Attorney are often a necessary added expense. Used in the pre-transaction planning stage, the services of a Tax Attorney can often help provide a return on your fee investment through the money saved in litigation avoidance and tax savings. Remember, Failing To Plan is a Plan To Fail.