Filing taxes, dealing with tax debt, or arguing a case with the IRS can be overwhelming experiences. Having a knowledgeable Brooklyn tax attorney by your side can help.
Division attorneys frequently defend real property tax assessments in certiorari cases. Summer interns conduct legal research and draft memoranda of law and briefs on a variety of City and bankruptcy tax, condemnation and excise tax issues. Visit website.
Estate Planning
Estate planning is an essential part of every individual’s financial and personal planning. Our firm assists individuals, fiduciaries and businesses in a wide range of tax areas related to the transfer of property and assets. Effective legal decisions can only be made when there is a full understanding of the tax consequences.
If you die without a will, your property will be distributed according to the state’s intestate laws. These laws typically pass your assets to your closest living relatives.
An experienced Brooklyn estate law attorney can create an estate plan to ensure that your family’s inheritance is shielded from excessive governmental taxes. A knowledgeable estate planning attorney can also help you plan for the future by preparing trusts that allow you to decrease your overall taxable estate. You can even establish a living will that states your preferences regarding end-of-life care, such as if you want to be kept on life support. You can also choose to leave your assets to a charitable organization.
Divorce
A divorce can be a stressful event for everyone involved. A Brooklyn divorce tax lawyer can assist you in navigating the financial aspects of the process. This includes determining the tax implications of receiving property in the form of a settlement agreement or divorce judgement.
If you are looking for a less turbulent path to divorce, Brooklyn offers alternative dispute resolution (ADR) processes that can make it easier to reach a marital settlement agreement. Your Brooklyn divorce attorney can help you determine whether ADR is a good option for your case.
Custody is another important aspect of a divorce. The court may award both parents (joint custody) or one parent sole custody. This determination is based on what is in the child’s best interests. Spousal support is also a consideration. The court may award alimony and set the payment terms and duration of this support. In addition, a court may award attorney’s fees and expenses to either party in a divorce.
Sales Tax Defense
Aside from the oppressive monetary penalties that can be imposed on your business, failure to file sales tax returns can open you up to criminal exposure. Having the right attorney at your side can make all the difference in the outcome of the matter.
A New York State Tax Attorney can help you defend against allegations of evading sales tax or committing other white collar crimes. Sales tax fraud is a serious offense that deprives local and state governments of essential revenue. Depending on the severity of your case, it may be possible to avoid criminal prosecution by engaging in a civil remedy.
If you receive a notice of residency tax audit from the Tax Department, it is vital that you speak with a Brooklyn Tax Attorney as soon as possible. An experienced lawyer can ensure that red flags like owning multiple homes or being registered to vote are not used against you during the audit.
Real Estate
Real estate tax attorneys are able to help homeowners and business owners with a variety of real estate related issues. These include real estate purchase agreements, financing transactions, property tax appeals, and property transfers. They may also be able to assist with foreclosures and bankruptcy matters.
A Brooklyn Tax Attorney will be able to advise you on real estate-related tax laws and help you avoid costly mistakes. They will also be able to negotiate favorable settlements and resolve conflicts between parties. They can also handle complex tax-related issues involving real estate transactions, such as those that involve multiple jurisdictions.
They can also assist with tax abatement programs for residential Class 2 condominium and cooperative properties located in Manhattan, Brooklyn, Queens, the Bronx, and Staten Island. This is a complicated program and requires strict compliance with multifaceted laws and regulations. These Brooklyn Tax Attorneys can provide expert guidance to property owners and tenants-shareholders seeking to avail themselves of this program.
