Practice Subgroup

Individual income tax planning

Chuhak & Tecson, P.C. has extensive experience in individual income tax planning. The firm represents individuals in all types of income tax matters -planning, return preparation, and dealings with the Internal Revenue Service. Attorneys provide individual income tax planning by working with clients in developing strategies to defer taxable income, minimize taxable income, and maximize taxable deductions. Among the areas in which our attorneys are deeply knowledgeable in individual income tax planning are: like kind exchanges; techniques to convert ordinary income to capital gain income; techniques to realize taxable losses; coordination of individual income tax planning with employee benefits programs and plans; coordination of individual income tax planning with estate planning; advice on alternative minimum tax (AMT); advice on state and local income tax issues; advice on installment sale transactions; and advice on real estate sale transactions.