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Capabilities / Federal Tax Planning

Federal Tax Planning

Taking a holistic approach to taxes and business.

Our attorneys understand the intricacies of the federal tax code, as well as the tax implications of day-to-day and strategic business transactions. That’s why at Husch Blackwell, tax law and corporate law are integrated pursuits. We are committed to helping businesses minimize their tax liabilities, avoid potential tax pitfalls, and capitalize on unique opportunities. Clients appreciate our vast experience, depth of knowledge, and creative and practical solutions.

U.S. Congress makes significant changes to federal tax law almost every year, while the Internal Revenue Service (IRS) publishes its own guidance and promulgates or updates regulations. Federal tax courts issue hundreds of tax rulings each year. But our clients can focus on their business, knowing that we stay abreast of the many changes and will advise as needed.

Our federal tax planning guidance to clients includes:

  • Tax-free transactions with real estate investment trusts (REITs)
  • Golden parachutes
  • Midco/intermediary transactions
  • Economic substance/business purpose doctrine
  • Debt versus equity as it relates to advances from one party to another
  • Worthlessness of debt
  • Reasonable compensation
  • Valuation
  • Repair versus capitalization
  • Purchase price allocations
  • Method of accounting change
  • Net investment income
  • Section 269
  • Choice of entity
  • Section 83
  • Consolidated return
  • Section 6901/transferee
  • Passive activity loss
  • Sham transactions
  • Like-kind exchanges
  • Personal versus business goodwill
  • Tax-free corporate divestitures
Legal Updates | September 16, 2022
The IRS is Expected to Adjust Certain 2023 Exclusions and Exemptions for Inflation

The gift tax annual exclusion and the estate and gift tax exemption amounts are expected to increase due to inflation in 2023.

Legal Updates | November 09, 2021
U.S. Government Targets Digital Assets for Additional Revenue

The newly passed infrastructure package contains tax implications for cryptocurrency, as well as definitions for “broker” and “digital assets” that may have long-term legal implications.