The Tax Law Practice of Lommen, Abdo, Cole, King & Stageberg, P.A. combines expertise in tax law with strong business acumen to counsel clients on the tax aspects of business transactions, business successions and estate planning. Our lawyers guide companies and individuals through the intricacies of federal, state and local tax codes to ensure full compliance while securing the benefits of favorable provisions in the law.
Our areas of practice include:
- Routine tax planning to eliminate or minimize taxes
- Tax planning for corporate mergers and acquisitions
- Formation of corporate structures
- Tax planning involving commercial finance and leasing arrangements
- Negotiation and litigation of tax controversies
- Counsel regarding gross receipts, sales, use and other excise taxes, income taxes and property tax
- Assistance in qualifying for exemptions, credits and deferrals
- Obtaining private letter rulings
- Restructuring to improve future tax positions following audits
Members of the firm’s Tax Law Practice enjoy excellent working relationships with government tax administrators and have exceptional knowledge of government organizations, people and procedures. Lommen Abdo also offers substantial litigation and appellate experience. We have represented clients in both administrative agencies and courts, such as the U.S. Tax Court, the Seventh and Eighth Circuit Courts of Appeals, the Minnesota Appellate Courts and the Wisconsin Appellate Courts. Lommen Abdo is positioned to help clients make wise strategy decisions.
We would be pleased to answer any questions you may have about the services of our Tax attorneys. Any questions may be directed to:
In Minnesota:
Tom Dougherty at 612-336-9330 or thomas.dougherty@lommen.com
In Wisconsin:
Brent Johnson at 715-381-7104 or brent@lommen.com
or any of the attorneys in this practice area pictured below.
Additional Information:
Fourth Quarter 2010 Tax Developments that were not part of the 2010 Tax Relief Act.
Congress Passes 2010 Tax Relief Act: On December 17th, the President signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act).
The Health Care and Education Reconciliation Act of 2010 and Patient Protection and Affordable Care Act complete a massive overhaul of the U.S. Health Care System affecting nearly all taxpayers, many employers and many elements of the health care industry. The 2,400 page legislation gradually takes effect over the next eight years. For more information, read a summary of the key provisions in the new health reform legislation and review a time line of the tax changes.
Business changes in HIRE Act: The President recently signed into law the “Hiring Incentives to Restore Employment Act of 2010” (the HIRE Act, P.L. 111-147). The centerpiece of this Act is a payroll tax holiday and up-to-$1,000 tax credit for businesses that hire unemployed workers. In addition to these new hiring incentives, the HIRE Act also includes a one-year extension of the enhanced small business expensing option under Code Sec. 179. Both of these provisions are extremely important to many businesses.
New Tax Provisions for 2010: Key tax developments that occurred during the fourth quarter of 2009.
IRA Conversions: The tax law changes in 2010 so that everyone will have the ability to convert a traditional IRA to a Roth IRA.
July 2009 Tax Update. As Congress continues to pass new tax laws, both large and small, this letter will help keep you up-to-date on key developments during the second quarter of 2009."
Will the tax provisions of the new Economic Stimulus Act benefit you?
The stimulus act contains a wide-ranging tax plan that includes a package of tax incentives to encourage investments in renewable energy projects or more-efficient technologies, tax savings for business, and tax relief for low and moderate-income wage earners, individuals and families with college expenses, and home and car purchasers. Read a summary of the more widely applicable tax changes in the new law affecting either
you and your family,
businesses and
renewable energy.
Get answers to FAQs.
Economic Stimulus Act Q&A: The AICPA has prepared a Q&A sheet on individual and business tax-related provisions in the American Recovery and Reinvestment Act of 2009. CPAs, especially tax practitioners, will find the Q&A helpful in addressing client or employer inquiries. Among the subjects covered for individuals are the first-time home-buyer credit, college-funding tax credit, unemployment benefits, benefit for use of public transit and the alternative minimum tax exemption. For businesses, the Q&A highlights depreciation, expensing, capital gains, work opportunity credit and penalty relief from underestimating taxes.
2008 tax changes enacted with bailout plan.
2009 Tax Adjustments Update,
2008 Tax Adjustments Update and
2007 Tax Adjustments Update.