KJK’s Tax Practice Group effectively and efficiently manages one of our clients’ most significant costs, taxes, by providing sophisticated and comprehensive counseling in the areas of international, federal, state and local taxation as well as employee benefits, private wealth and tax exempt matters. Our attorneys have established long-standing client relationships, which enables us to advise and represent them in all phases of tax planning and controversial matters.
We routinely advise clients on a wide range of tax issues including business transactional planning and structuring, real estate, finance, compensation planning, mergers and acquisitions, divestitures and restructurings, tax controversy, tax-exempt status for charitable organizations, succession planning, state and local tax matters and international taxation. Our tax attorneys provide creative practical tax planning in all aspects of KJK’s transactional practice. Our tax clients include publicly traded and privately held business entities, state and local governments and public bodies, nonprofit organizations and individuals.
We consult broad-based businesses in all stages of development, from the initial choice of entity structure and issues with daily operations, through acquisitive and growth transactions, to dispositions and succession planning.
We have extensive experience advising clients with respect to the acquisitions, ownership and disposition of real estate including; like-kind exchanges, real estate investment trusts (REITs), sale-leasebacks, sales of real property and distressed real estate.
We provide tax planning and advice to both public and private clients with respect to the tax treatment of various forms of debt and equity financing including; debt restructuring, cancellation of indebtedness income, imputed interest and original issue discount, deductibility of interest, economic development incentives such as TIFs, JEDDs and CEDAs, historic rehabilitation and New Markets tax credit transactions, tax abatement and technology and other economic incentive credits.
We also have experience in a broad range of tax-exempt and taxable public finance transactions involving real estate construction, development and finance for municipalities, counties, state government, port authorities, educational institutions, health care providers and nonprofit and private corporations acting as counsel to these governmental entities as bond counsel and as counsel to underwriters, placement agents, borrowers, lenders, letter of credit providers and fiduciaries.
We construct, maintain, and ensure that benefit and compensation programs meet our clients’ business objectives and are on the cutting edge of current issues. We counsel employers and employees regarding the tax consequences of various forms of compensation structures.
We assist clients in arranging and implementing tax-efficient structures for acquisitions, divestitures and restructurings including; tax-free and taxable mergers and acquisitions, divisions and conversions, recapitalizations, spin-offs, split-offs and split-ups, intra-group transactions and stock and asset purchase agreements and buy-sell agreements.
We consult and analyze each client’s unique matter and strategize an individualized solution based plan that will achieve our clients’ business goals. We regularly handle and resolve issues at IRS Appeals and regularly litigate on behalf of taxpayers when necessary. We have managed tax controversies and disputes at all levels.
We counsel clients in establishing and operating tax-exempt nonprofit organizations and understand the myriad of regulatory and compliance challenges of charitable giving in an increasingly regulated and growing sector.
We advise business owners on tax efficient options for succession planning including; tax minimizing exit strategies, buy-sell agreements and insurance arrangements, constructing family limited partnerships and limited liability companies, domicile planning, retirement planning and preferred stock recapitalizations.
We assist clients with respect to all matters of Ohio state and local individual and business taxes including successful negotiation of disputes, favorable reductions in audit adjustments, and successful litigation. We are on the forefront of legislative issues impacting our clients on the state and local level and also regularly assist clients in obtaining, implementing and maintaining state and local tax incentives and credits where available.
We advise clients regarding the structure and tax consequences of foreign operations, operational structuring, implementing inbound and outbound transactions, FIRPTA and tax treaty matters.