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Tax

Hancock Estabrook has a premier Tax Practice. Our attorneys have extensive experience representing individuals, partnerships, limited-liability companies, S-Corporations, C-Corporations, closely-held businesses, multinational corporations, and tax-exempt entities.

Our experience in federal and New York State taxation includes:

  • Income tax planning for individuals, partnerships, limited liability companies and corporations.
  • Partnership and corporate reorganizations and restructurings.
  • Family limited partnerships and family limited-liability companies.
  • Sophisticated estate planning through tools such as qualified personal residence trusts, life insurance trusts, charitable lead trusts, charitable remainder trusts, private annuities, self-canceling installment notes and grantor retained annuity trusts.
  • Complex Individual Retirement Account beneficiary designations utilizing testamentary trusts to maximize tax deferral for qualified plans.
  • Valuation discount planning.
  • Controversies before federal and New York State taxing authorities.
  • Advice to charitable and tax-exempt entities.
  • Obtaining recognition of tax-exempt status for entities by completing IRS Forms 1023 and 1024.
  • Mergers and acquisitions.
  • Requests for private letter rulings on complex tax issues.
  • Employee benefit plans.
  • Drafting nonqualified deferred compensation plans for highly-compensated individuals.
  • Bankruptcy and cancellation of indebtedness planning.
  • Federal and New York State tax litigation before the United States Tax Court and the New York State Division of Tax Appeals.
  • Working with our Regulatory & White Collar Crime Practice attorneys to deal with investigations and other inquiries.
  • Obtaining releases of levies, liens, and wage garnishments.
  • Negotiating offers in compromise and installment agreements in satisfaction of taxpayer liabilities.
  • Qualifying individuals to participate in New York State’s Voluntary Disclosure and Compliance Program.
  • Advice on Brownfield tax issues.