Tax

135+
Years of
Serving Businesses
40+
Practicing Areas
of Law
50+
Cross-disciplinary
Attorneys
Tax

Vandeventer Black’s tax team works with business clients on their corporate tax planning, including general minimization techniques on federal, state and local levels, as well as transactional planning of acquisitions, mergers, liquidations, choice of entity and structuring issues. Our state and federal tax planning involves business and individual income tax, ad valorem, business licenses, sales and use taxes as well as watercraft and aircraft taxes.

On an international level, we assist our clients with multinational tax planning, including branch taxation, controlled foreign corporations, offshore operations, U.S. taxation of foreign nationals and “presence” avoidance, local business license tax issues for multinationals and foreign entity contracting with the U.S. government.

We also help businesses establish and operate pass-through entities, such as S corporations, partnerships, limited liability companies, joint ventures and trust arrangements. We consider the estate planning implications of the optional structures.

Our tax team integrates with the Firm’s BusinessGovernment ContractsLabor & Human Resources and Maritime departments, providing a variety of specialized services to a full range of clients. In addition to general corporate, partnership and individual tax planning, our attorneys handle a variety of qualified plan, exempt organization and ERISA matters. We serve as co-counsel to the HRSA-ILA Pension and Welfare Funds, seven Taft-Hartley plans providing income, retirement, hospitalization as well as other benefits to the longshore industry.

The firm’s active employee benefits and executive compensation practice is increasingly focused on the structuring of non-qualified arrangements, such as phantom stock, “rabbi” trust arrangements and other incentive or bonus plans in order to supplement or replace traditional vehicles such as qualified plans and ESOPs.

The Tax Department also supports the firm’s estate planning practice in offering wealth transfer and tax minimization techniques to further our clients’ lifetime, estate planning and charitable goals.

Articles
CARES ACT – Should you take your Coronavirus Related Distribution from your Retirement Plan?
Patrick W. Herman
As you may have heard, the new “CARES” Act signed on March 27, 2020 creates a new “Coronavirus Related Distribution” option for participants in retirement plans who meet one of the following qualifications: Are diagnosed with SARS-CoV-2 or COVID-19; Have a spouse or dependent with one of these viruses; Are ...
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Payroll Tax Credit for Qualified Emergency Paid Sick Leave and Emergency FMLA
Geoffrey G. Hemphill
The Department of Labor issued a release giving details on the payroll tax credits for qualified emergency paid sick leave (EPSL) and emergency Family and Medical Leave Act (FMLA) leave under the Families First Coronavirus Response Act (FFCRA).  More guidance will follow. Eligible employers who pay qualifying EPSL or emergency FMLA leave can retain an amount of the payroll taxes ...
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Extensions for Tax Returns and Payments
Geoffrey G. Hemphill
Federal Income Taxes Pursuant to the President’s emergency declaration, the Treasury Department and the IRS issued Notice 2020-18.  The due date for filing Federal income tax returns and making Federal income tax payments due April 15, 2020, is automatically postponed to July 15, 2020.  Taxpayers (including individuals, corporations, trusts, estates, ...
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