The firm's taxation practice includes tax planning, representation of clients in controversies with the Internal Revenue Service, and the representation of defendants in criminal tax prosecution.
Tax planning commonly consists of structuring client's business transactions to minimize the overall tax costs. These tax costs frequently include federal income taxes, the Texas franchise tax, and employment taxes. When creating a new business entity, tax considerations are often the primary factor in selecting the most advantageous form of business organization. Such entity forms include corporations, S corporations, limited liability companies, limited partnerships, and general partnerships. All of these business entity forms possess different tax attributes. When structuring the sale of a business or major asset, tax considerations include maximizing favorable long-term capital gains treatment and deferring the recognition of gain into future years.