Tax Planning for Asset Protection

More than most people expect. Moving property into a new entity, gifting ownership to family, setting up a trust or holding assets overseas can each change your income tax, trigger gift tax reporting, alter your basis or create new filing duties like FBAR. The tax piece should be worked out before anything is signed. We handle the federal tax analysis; the formal ownership and protection documents themselves are drafted by your own outside advisor, and we're happy to coordinate with them.

On our side, it's the tax half of the picture. We project your tax under different scenarios, compare entity structures (sole owner LLC, S corporation, partnership, C corporation), look at owner pay, set up a compliance calendar and make sure the records support the positions you take. We also look hard at IRS collection risk, because unpaid tax is one of the fastest ways a business owner loses assets. We won't promise a specific tax result; we'll tell you what holds up and what doesn't.

Before the event, not after. A sale, a new partner, a big equipment purchase, moving assets between entities, a large year end payment: all of these have tax angles that are easy to shape beforehand and very hard to undo later. For owners with complicated finances, a quarterly check in tied to updated numbers works well. By the time the return is being prepared, most of the options are gone.

Yes. The founder is an Enrolled Agent, a Treasury license that comes with unlimited practice rights before the IRS. That covers audits, collections, appeals, installment agreements, penalty relief and other federal tax matters. No representative can promise how the IRS will rule, but you'll have someone authorized to deal with the IRS directly, so you aren't fielding the calls yourself.

Operating in several states or countries layers on obligations: state income and payroll tax, sales tax, and for foreign activity, information returns like FBAR and FATCA reporting. The penalties for missing those forms can be steep even when no extra tax is owed. We map where your entities, people and income actually sit, then line up filings and records with the rest of your plan.

Yes, and contractors have their own version of this problem. Entity structure and owner compensation choices interact with indirect rates, allowable costs and what DCAA will see in your books. Our founder's background is in GovCon finance and fractional CFO work, so we can plan the tax side in a way that doesn't create a compliance issue on the contract side. Staff with federal security clearances can work on sensitive accounts.

It should be dealt with first. An IRS balance can turn into a federal tax lien on property or a levy on bank accounts and receivables, and unpaid payroll taxes can become a personal liability for owners through the Trust Fund Recovery Penalty. That's the most direct threat to your assets. We work out the right tax resolution path, such as an installment agreement, penalty abatement, Currently Not Collectible status or an Offer in Compromise when you qualify, then build the plan forward from there.

Recent returns, current financial statements, a list of your entities and who owns what, any planned sale or major transaction, payroll records and every IRS letter you've received. Individuals should add investment accounts, real estate, foreign accounts and any trusts already in place. We'll agree on a secure way to send sensitive files before you share anything; please don't attach them to ordinary email.