Careful business planning and estate planning require an in-depth knowledge of corporate and individual income taxes, capital gains taxes, employment taxes, sales and use taxes, property taxes, estate taxes, gift taxes and generation-skipping transfer taxes. 

CRT’s proven tax specialists, with State Bar Board Certification as Legal Specialists in Taxation Law and in Estate Planning, guide people like you through the maze of tax laws to create practical “tax-sensitive” solutions to difficult problems. 

Our California tax attorneys understand the complex tax laws, can accurately quantify the tax consequences of transactions and can engineer the mechanics of each transaction to minimize your overall tax burden. 

In structuring purchase and sale transactions, CRT attorneys carefully consider not just the obvious capital gains or ordinary income taxes, but also how the transaction could affect the annual property taxes, gift taxes in case of bargain sales to family members, and estate taxes on later deaths.  We design simple to complex transactions and plans that can effectively shift asset value to the next generation and freeze the appreciation in the older generations’ estate.

The Internal Revenue Service, Franchise State Board, State Board of Equalization, Employment Development Department and County Assessor will at times take an unfair position against a taxpayer (you), whether it be a business entity or individual. Our California tax attorneys have the training, specialization and experience to defend you on audit and, when necessary, to seek relief with the appropriate court.

The truth is you may at times find yourself in precarious position if you aren’t able to pay all your taxes. Carico Rice Toomey offers creative solutions that enable tax payers to pay taxes over time through an installment agreement, pay a lesser amount through an Offer in Compromise or even discharge your taxes in a bankruptcy.