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 Business, Government Contracts, Labor & 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.