Sparkman + Foote LLP is well-versed in federal income taxation, including corporate and partnership taxation, tax-free reorganizations, US taxation of investments and business activities by US persons in foreign jurisdictions and US taxation of investments and business activities by foreign persons in the US, rescissions of transactions, equity compensation, non-qualified deferred compensation, and qualified employee plans. Further, we at Sparkman + Foote LLP have substantial experience with all aspects of non-profit entities, whether exempt as charitable under 501(c)(3) or under another section.
Selecting whether to be taxed under Sub-chapter C (large corporation), S (small corporation) or K (partnership) is an extremely important decision, and one best handled by a business tax lawyer familiar with your company. We have aided hundreds of companies in making this selection. The federal income tax method selection should generally precede the selection of the state law business form of LLC, corporation, limited partnership, PA or other business form.
Our lawyers are also very familiar with all aspects of estate planning, including federal estate and gift taxation, asset protection, trusts, and foundations.
We provide planning advice and compliance assistance in dealing with the Texas franchise and sales taxes and with Colorado state taxes.
We have represented taxpayers in administrative hearings with the IRS and in US Tax Court proceedings in a variety of cases, including corporate tax issues, employee versus independent contractor issues, estate tax inclusion and valuation, and responsible officer cases.