Audits and Tax Compliance
The Corman Law Offices will aid you in your tax controversies with the Internal Revenue Service or the Franchise Tax Board. Whether you have recently received a notice from a tax agency about taxes owed, have a lien placed on your property, or have already entered into a payment plan and wish to reduce the amount paid per month, we can help you. We have extensive experience in settling tax controversies, including over 37 years of audit experience and expertise in practicing before the United States Tax Court.
Gift, Estate, and Successor Tax Planning
We also offer our services in the planning and preparation of gift and estate tax returns. Currently, there is an extraordinarily high exemption from paying gift or estate tax ($5.34 million in 2014), meaning most individuals will not have to pay any gift or estate tax, even when transferring the bulk of their estate. However, people are often not aware that any gift over a certain amount per year ($14,000 in 2014, adjusted annually for inflation) must be reported to the Internal Revenue Service on a gift tax return, whether or not any tax is due.
In the event you are fortunate enough to have an estate which might exceed the exemption amount, we devote a considerable amount of our practice toward this area.
We also have extensive experience in helping families with personal financial or business succession planning. The Corman Law Offices can advise you as to various gifting strategies, finding the best solution for you and your beneficiaries. Whether you are considering a current gift or planning for the future, we can offer you guidance regarding the best method to provide for your loved ones.