Fairfield County Tax Law Attorneys
Minimizing Tax Issues For Danbury, Southbury, and Westport Businesses And Individuals
Albert Einstein once said, “The hardest thing in the world to understand is the income tax.” If he were alive today, he might say the same about estate and gift taxes. At Chipman Mazzucco Emerson, we understand federal and state taxes and strive to minimize their effect on businesses and individuals in Fairfield County, throughout Connecticut and in New York.
Tax issues often arise in connection with the transfer of wealth to loved ones and business transactions. Thus, we offer tax services related to our core practice areas: estate planning, estate and trust administration, business transactions and business litigation.
Protecting Your Family and Loved Ones
We frequently give advice regarding estate, gift, generation-skipping and income tax strategies, including tax issues related to the disposition of unique assets such as closely-held businesses, business life insurance and IRAs, 401(k)s, and other retirement accounts.
Working with a client’s financial, insurance and accounting advisers, we gather detailed information and devise solutions that minimize income and inheritance taxes, while maximizing dispositions to a client’s family and other loved ones. With effective planning, we seek to minimize the risk of costly tax disputes while also minimizing tax costs.
When a client passes away, we promptly review the facts and relevant estate planning documents to identify time-sensitive tax elections and disclaimer strategies that can reduce tax burdens.
Our attorneys prepare federal and Connecticut estate and gift tax returns as well as fiduciary income tax returns. Having a lawyer take on this work matters when it comes to implementing a tax plan. Our goal in preparing tax returns is to advocate for our client by thoroughly applying the law to the relevant facts. We anticipate questions and deal with them in the initial documentation, well before tax authorities raise the issue.
Helping Businesses Meet Tax Objectives
When guiding clients in the formation of business entities, we consider tax objectives as a matter of course. When it comes to the purchase and sale of businesses, tax issues are significant in every deal. Even in business disputes, tax constraints can affect the conduct—and the resolution—of any litigation.
When federal, Connecticut or New York tax authorities audit a return, we provide effective representation with thorough and knowledgeable analysis of the issues.
If we are unable to settle a tax issue at the audit level, we are prepared to appeal at the administrative level and litigate against the tax authorities in state and federal courts. Our objective is to help you implement the transactions you are contemplating with the smallest tax impact possible.
Discuss Your Taxation Matter with One of Our Lawyers
Our attorneys at Chipman Mazzucco Emerson know the nuances of Connecticut and federal tax laws. We have the experience to assist individuals and businesses find the best solutions for complex tax matters. After reviewing your goals, we offer guidance to help you meet your goals.
To arrange a time to discuss your estate planning, probate or business law-related tax matter, please call our Fairfield County attorneys at (203) 902-4882 or email us. Chipman Mazzucco Emerson has been serving clients in Connecticut and New York for over 40 years.