Tax Planning

Tax affects nearly every decision a business owner makes, from how a company is organized to how it is eventually sold or passed on. We advise on income, gift, estate, and generation-skipping transfer taxes, with attention to how federal law interacts with California and Illinois rules. Common engagements include choice of entity and S corporation elections, compensation and distribution planning, planning for the sale of a business or real estate, qualified small business stock, and charitable planning. We focus on strategies that are well supported and well documented, not aggressive positions that invite IRS scrutiny.