Taxation, Federal, Internal Revenue Service
The tax attorneys of Blazier, Christensen, Browder & Virr, P.C., help businesses and individuals minimize federal income tax and employment tax through tax-efficient business ownership and compensation plans. We advise our clients on the tax consequences of various forms of business entities — corporations, partnerships and limited liability companies and recommend an entity suitable for the client’s business plan. We further help businesses develop a plan for compensating their owners and incentivizing their employees while minimizing tax and maximizing return. In the sale or acquisition of a business, we endeavor to structure the transaction to minimize income tax for all parties and negotiate an appropriate sharing of the tax savings.
Federal Tax Compliance And IRS Representation
At Blazier, Christensen, Browder & Virr, P.C., we help our clients understand their federal income tax compliance responsibilities, particularly where noncompliance carries stiff penalties. Under the Foreign Account Tax Compliance Act, for example, all U.S. taxpayers are required to report accounts held in foreign banks and financial institutions to the Internal Revenue Service on an annual basis. Similarly, employers who withhold federal income tax and FICA from their employees’ wages have the highest level of responsibility — a fiduciary obligation to remit those taxes to the IRS in a timely manner. When trouble with the IRS arises, we assist business and individual taxpayers through:
- Audit representation
- Negotiation of payment agreements and offers in compromise
- Release of levies and liens
- Appeals and protest hearings
Many federal income tax issues require collaboration between a tax attorney who advises on the law and a tax preparer who advises on the practical constraints of tax reporting. As our attorneys develop a tax strategy, we frequently collaborate with the client’s accountant to develop a sound practical approach. We also have professional relationships with several local accounting firms, and we frequently provide legal research and analysis to support the work of their CPAs.
Partner Thomas F. Virr draws on his decade of service with the Internal Revenue Service to assist clients in resolving disputes with the IRS and in proper tax compliance. He is board certified in tax law by the Texas Board of Legal Specialization.
Austin Tax Attorneys
From offices in Austin, our lawyers advise clients in communities throughout Central Texas. Call us at 512-476-2622 or contact us by e-mail to arrange an initial consultation with one of our experienced Austin tax attorneys.