Mr. Pace provides customized tax and legal advice to respond
to business goals,
constraints and other practicalities. Below is a non-exclusive list of areas of
his
practice.
Tax and Legal Services for Limited Liability Companies and Partnerships |
• Entity structuring for business, realty and intangible assets
• Drafting
and revising operating and partnership agreements
• Partnership conversions,
mergers and dissolutions
• Addding or removing members and partners
• Forming
and dissolving LLPs of lawyers and accountants
• Special allocations, guaranteed payments and distributions
• Reverse and forward like-kind exchanges
• Involuntary conversion
planning
• Property tax changes in ownership, exclusions and exemptions
•
Use of disregarded entities and tenancies-in-common
• Family limited partnership issues
• California LLC "gross receipts" fee
Tax and Legal Services for S Corporations |
• Drafting and revising shareholder agreements
• Reviewing
and evaluating one class of stock requirements
• Allocations, stock basis and debt repayments
• Built-in gains tax planning
• Stock, asset and installment
sales
• IRC Section 338(h)(10) elections and tax costs
•
Business bad debts and interest expense issues
• Cancellation of indebtedness exclusions
and planning
• Nexus, qualification to transact business and similar issues
• Change
in accounting methods and periods
• Independent contractor vs. employee issues
Tax and Legal Services for C Corporations |
• Drafting and evaluating purchase and sale agreements
• Mergers,
acquisitions, divisions and other tax-free reorganizations
• Planning to minimize double-level
taxation
• Restricted stock, stock options and related incentive compensation
•
Unreasaonble compensation audits
• Accumuated earnings and dividend planning
• Obtain
private letter rulings
• Sales and use tax audits and appeals
• Capitalizing
vs. expensing items
• IRS and FTB appeals and audit support and US Tax Court
• Apportionment,
allocation and unitary business matters
• Loss disallowance, SRLY and other
consolidated tax return issues
• Net operating loss planning
Tax and Legal Services for Individuals |
• Passive activity loss, basis and at risk planning
• Sale
of principal residences
• Capital gain planning
• Minimizing
FIRPTA, foreign source and state withholding
• Residency and source of income
•
Withholding and tax issues of litigation recoveries
• Deduction of interest expense and
itemized amounts
• Martial dissolution tax planning
