Midtown New York City Law Firm



WEBEL LAW, PLLC
535 Fifth Avenue, Floor 4
New York, New York 10017
(646) 373-1055




TAX PLANNING







Saving tax money by tax planning




Tax policy and procedure



PAYING YOUR FAIR SHARE


No taxpayer should pay more than their fair share of taxes. Congress sets the tax rules and rates and leaves it to the Internal Revenue Service (IRS) to enforce them. You are entitled to take every tax break and exercise every legal right available to you to avoid or delay paying your taxes. We'd like to discuss the options available to you.

The IRS's tax assessment is not always correct. Taxpayers often face many mistakes and incorrect interpretations when interacting with the IRS. Their policies and processes are very complex, so it often literally takes a tax attorney to research the U.S. Tax and its regulations, court rulings, and many other sources for interpreting tax law. Our tax attorneys have extensive experience and advanced law degrees in taxation. We represent taxpayers before the IRS and other taxing authorities to argue the amount of taxes owed and to obtain reasonable tax relief. Don't delay. Call us today for a confidential consultation with an attorney.



BUSINESS ENTITY SELECTION


Besides providing limited liability to the owners, selecting the proper business entity for a business can save taxes. After considering various tax, liability, and ownership issues, we advise business owners on the proper business entity and tax structure for their business. We often advise using entities like S-corporations or Limited Liability Corporations where the entity pays no income taxes. Instead, the tax burden flows through to the owners. Therefore, the tax is paid on income only once by the ultimate recipient of the money. Why pay taxes twice when they can be avoided? However, there are restrictions on flow-through entities which may prohibit their use for some business needs. Additionally, using multiple entities helps certain business owners reduce their tax burden while reinforcing owners' personal liability protection.