April 23, 2020
COVID-19: TAX UPDATE (Planning Opportunity)
Are you a partnership or sole proprietorship? The economic decline resulting from the COVID-19 pandemic could provide a planning opportunity. Here’s how.
Tax
Tax issues can be especially complex but yet are an important consideration in virtually all business and personal transactions. A law firm cannot truly fulfill the legal needs of its diverse individual and business clients unless it can address the tax consequences inherent in its own advice.
At Jaffe, we work closely with all attorneys throughout our Firm to position them with sophisticated tax advice that will minimize their clients’ taxes. We have the breadth of experience to identify the tax issues that affect our colleagues’ wide-ranging practices and the depth of knowledge to craft thoughtful, comprehensive solutions.
Our attorneys structure corporate transactions that maximize write-offs for buyers and minimize the recognition of gain by sellers and provide outstanding advocacy for our clients in disputes at the federal, state, and local levels. We assist our real estate attorneys with Section 1031 like-kind exchanges and opportunity zone investments and advise our trusts and estates attorneys on transferring wealth without incurring estate or gift tax. We help our litigators reach settlements that generate capital gain instead of ordinary income, and we help clients issue incentive equity without triggering “phantom income.” We also advise our immigration attorneys in the U.S. tax treatment of non-U.S. employees.
These are just a few of the countless ways that our full-service tax practice contributes to make Jaffe a full-service firm. In every instance and with every client, we make a point of understanding your specific needs and then strategically craft the solution that benefits you the most, both immediately and into the future.
Service Index
- Mergers and acquisitions
- Venture capital and private equity transactions
- Recapitalizations
- Partnership and LLC planning
- Opportunity zones
- S corporation planning
- Executive compensation
- Buy-sell agreements
- Real estate taxation
- Estate planning
- Individual tax and financial planning
- Exempt organizations
- Tax audits, appeals, and litigation
- State and local taxation
- International taxation
- Financing transactions, including taxable and tax-exempt bond offerings
- Bankruptcy and debt restructuring
- Consolidated returns
- Structured settlements
- Divorce structuring
- Property tax appeals
- Tax-exempt organizations and foundations
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News & Representative Matters
March 31, 2020
COVID-19: TAX UPDATE (Effective as of March 30, 2020)
Tax updates on filing and payments effective March 30, 2020.
March 30, 2020
COVID-19: TAX UPDATE (Tax Provisions in the CARES Act)
A summary of the material business and individual income tax provisions contained in the recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act.
March 20, 2020
COVID-19: TAX UPDATE
As part of its response to the pandemic’s economic effects, the U.S. Treasury Department has allowed taxpayers to defer payment of income taxes until July 15, 2020, without penalties or interest.
November 14, 2019
22 Jaffe Attorneys Named as 2020 Top Lawyers by Dbusiness
SOUTHFIELD, MICH., November 14, 2019 – Jaffe Raitt Heuer & Weiss, P.C. CEO Jeffrey M. Weiss announced that 22 attorneys were recognized as 2020 Top Lawyers by DBusiness. The Top Lawyers list is compiled via a peer review survey, polling nearly 20,000 attorneys in Wayne, Oakland, Macomb, Washtenaw and Livingston counties. Each attorney was asked ...