Tax planning is not a separate activity from business planning and estate planning — it is a dimension of both. Every significant business decision, every estate plan, and every major transaction has tax consequences, and those consequences can be the difference between a good outcome and a costly one.

Lynch Law provides tax planning and strategy services to business owners whose situations involve the intersection of tax law with business operations, estate planning, and litigation. This is not a tax preparation practice. The firm does not prepare individual tax returns or handle routine compliance work. The focus is on planning — structuring transactions, entities, and estate plans in ways that minimize the tax burden while achieving the client's business and personal objectives.

What Tax Planning Involves

Tax planning at this level involves analyzing the tax consequences of proposed transactions before they occur, structuring business entities and ownership arrangements to minimize income, estate, and gift taxes, coordinating business succession planning with estate planning to achieve tax-efficient transfers of wealth and business interests, evaluating the tax implications of litigation outcomes and settlement structures, identifying tax planning opportunities that arise from changes in the law, and advising on multi-state tax issues that affect businesses operating in more than one jurisdiction.

The firm's approach to tax planning is integrated with its other practice areas. When the firm serves as outside general counsel for a business, tax planning is built into every significant decision. When the firm handles estate planning for a business owner, the tax analysis informs the structure of the plan. When the firm litigates an estate or corporate dispute, the tax consequences of various outcomes are part of the strategic calculus from the outset.

Business Tax Planning

Business owners face a complex web of federal, state, and local taxes, and the choices they make about entity structure, compensation, retirement planning, and business operations all have tax consequences. The firm advises on entity selection and structuring (C corporation, S corporation, LLC, partnership), compensation planning for owners and key employees, retirement plan design and implementation, asset acquisition and disposition strategies, multi-state tax planning for businesses operating across state lines, and tax-efficient approaches to business transitions, including sales, mergers, and succession events.

More detail on business tax planning is available on the Business Tax & Entity Structuring page.

Estate and Gift Tax Planning

For business owners with substantial estates, gift and estate tax planning is essential to preserving wealth across generations. The federal estate tax, gift tax, and generation-skipping transfer tax can collectively consume a significant portion of an estate if proper planning is not done. The firm advises on lifetime gifting strategies that reduce the taxable estate, the use of trusts — including irrevocable life insurance trusts, grantor retained annuity trusts, charitable trusts, and dynasty trusts — to achieve specific tax objectives, valuation planning for closely held business interests and other hard-to-value assets, generation-skipping transfer tax planning to preserve wealth across multiple generations, and the coordination of estate tax planning with business succession planning.

More detail on estate planning is available on the Estate Planning page.

Tax Controversy

When a dispute with the IRS or a state taxing authority arises, the firm represents taxpayers through audits, appeals, and collection matters. More detail is available on the Tax Controversy page.

If you have questions about tax planning for your business or estate, the inquiry form is the best place to start.