In a highly complex and evolving tax environment, businesses and individuals must rely on trustworthy, timely, and practical tax counsel. In the tax planning practice at McLaughlin Quinn Cianciolo Bilodeau LLC, our tax attorneys provide clients with sophisticated and creative tax planning strategies that maximize tax benefits and minimize, defer, or eliminate federal, state, and local taxes in a wide variety of different contexts. All clients of the firm benefit substantially from the depth and breadth of our tax expertise, which significantly distinguishes us from other firms offering similar services.

We remain constantly engaged in the fluid, evolving world of taxation to consistently counsel clients with up-to-date, effective, and understandable tax solutions. Our deep knowledge of taxation enables us to advise business and individual clients, CPAs, and other trusted advisors on a diverse array of federal, state, and local tax planning and transactional issues.

Our Tax Planning Services

1031 Like-Kind Exchanges

1031 like-kind exchanges are a cornerstone of our tax practice. With proper planning, gains on the sale of most real estate can be deferred through a 1031 exchange. 1031 exchanges are one of the most dynamic areas of our tax practice and one fraught with technical nuance. Due to strict rules on timing and structure, the key to a successful 1031 exchange is to seek advice from a tax attorney early, before an inadvertent misstep precludes this tax saving opportunity.

Real Estate Investment and Development

We regularly work with local and regional investors and developers as well as family businesses to structure tax efficient residential and commercial developments, including capital gains planning. Our tax attorneys have in-depth experience in federal, state, and local issues affecting real estate. From structuring complex joint ventures with technical partnership tax issues and minimizing tax liabilities on the sale of real estate assets to minimizing overall real estate tax obligations, we provide comprehensive tax counsel for our clients’ commercial and residential real estate projects.

Corporate and Partnership Tax Planning

Corporate and partnership tax planning is at the core of our tax practice. Our tax attorneys work with C-corporations, S-corporations, and partnerships on a daily basis to provide tax-efficient planning solutions, as well as practical transactional counsel. As part of our integrated approach to practice, our tax attorneys work closely with our business and corporate attorneys to provide streamlined legal service solutions for all our clients’ business needs. Whether structuring business formations, investments, mergers, or acquisitions, our tax attorneys leverage their knowledge and experience in tax planning to guide our clients through all stages of the lifecycle of their business.

Business Succession Planning

Whether a client intends to transition ownership of a closely held business to the next generation or to transition ownership to key employees, we understand the tax implications that complicate this capstone business event and recognize the unique challenges that the business owner faces. We work closely with the client on managing the transition of a business to future generations, while balancing legal, business, tax, and family concerns. Business succession planning is an integral part of our trust and estate planning practice.

Real Estate Workouts and Debt Restructuring

We work with real estate developers and investors through difficult financial times and understand the unique tax implications of real estate workouts and debt restructuring. Failure to conduct proper tax planning in a real estate workout or debt restructuring can result in a significant tax bill for a business ill-equipped to handle a new liability. We work with clients in structuring the most tax-efficient workout or debt restructuring possible.

State and Local Tax Planning

States have become aggressive in enforcement and collection of state and local taxes from out of state businesses and individuals. Our tax attorneys advise clients on the intricacies of state and local taxation including domicile planning, sale and use tax, and income tax apportionment and allocation.

Business Sales, Mergers and Acquisitions

We work with clients regarding the sale of their businesses and strive to ensure that these transactions are conducted in a tax-efficient manner. Whether a sale is structured as an asset sale, stock sale, or a merger, our high-level knowledge and experience enables us to guide and advise clients on how to best transition their businesses to new ownership. Our tax attorneys work closely with our business and corporate attorneys to negotiate and document merger and acquisition transactions.

Estate Planning and Wealth Preservation

Our tax attorneys create estate plans that ensure client wealth is passed on to the next generation with the least tax exposure possible. We work with clients to provide comprehensive estate planning solutions aimed at minimizing taxes, preserving wealth, and protecting assets. Our attorneys work closely with all other attorneys in the firm to ensure that clients receive streamlined, integrated legal representation, since estate planning often affects other aspects of a client’s interests, such as small business ownership and closely-held investments.

Exempt (Non-Profit) Organizations, Private Foundations and Charitable Planning

Our tax attorneys have experience spanning the exempt organization area ranging from public charities, non-profits, and private foundations. We regularly work with clients to establish charities and seek tax exempt status. We also work with clients to structure charitable planning, whether motivated by pure generosity or with an eye towards balancing personal tax benefits with improving public benefit. When appropriate, our charitable planning attorneys work closely with other firm attorneys to provide comprehensive planning solutions to minimize current taxes and provide crucial funding to charitable endeavors.

Executive Compensation

We routinely work with employers and executives to negotiate and structure complicated, yet tax efficient, compensation packages, including stock options and other equity based compensation. The experience of our tax attorneys in structuring executive compensation plans is integrated with our business and corporate practice, to provide comprehensive representation to employers and executives in negotiating and memorializing compensation terms, as well as broader employment and contracting agreements.

Self-Directed IRAs

We guide and advise clients in the structure and operation of self-directed IRAs and other tax advantaged retirement accounts. We also offer ongoing on-call advisory services to guide clients through issues that arise through the maintenance of alternative investments and accounts.

Learn More About Our Tax Planning Legal Services

To talk with us about how we can apply our tax planning expertise and experience to address your individual or business legal needs, please call 401-421-5115 or use the online contact form. We also welcome inquiries from referring professionals.

From our primary location in Providence, Rhode Island, and Massachusetts offices in Boston and Westborough, the attorneys at McLaughlin Quinn Cianciolo Bilodeau provide legal services to individuals and businesses in New England. In addition, the firm has offices in Boca Raton, Florida and Denver, Colorado, where our attorneys are also licensed to practice. Our federal tax practice is nationwide.