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tax practice


Tax

Our tax expertise rivals that of any large firm, with unrivaled client service and lower rates. We handle tax structuring for corporations, limited liability companies, individuals, international operations and specialized entities, such as real estate investment trusts and hybrids.

Corporations. We have expertise in all aspects of corporate taxation, including formation, recapitalization, spin offs, equity and debt placements, and S Corporations.

Pass-Through Entities. VLP offers extensive experience and expertise in the taxation of partnerships, limited liability companies and other pass-through entities.

Executive Compensation. We advise regarding all aspects of executive compensation, including golden parachutes, qualified and nonqualified stock options, Section 83(b) issues, vesting, deferred compensation arrangements, Section 409A, employment agreements and other compensation issues.

M&A. VLP offers high-level tax advice for all forms of mergers and acquisitions.

Technology Transactions. We handle all tax aspects of technology transactions, including licensing, cost sharing and technology transfers.

International. We offer sophisticated planning to businesses and individuals with international circumstances. We structure U.S. investments and operations for foreign individuals and entities. We structure foreign investments and operations for U.S. individuals and entities.

Financial Transactions. We assist clients in structuring and analyzing sophisticated financial transactions, including sophisticated debt offerings and domestic and cross-border notional principal contracts (such as swaps, caps and floors), collars, options, futures and forward contracts, securities lending, repurchase contracts and other hedging transactions, including with respect to foreign currencies.

Real Estate. We advise with respect to all aspects of real estate, including like kind exchanges, property tax, leasing, affordable housing, FIRPTA, REITs and mortgages.

State & Local. VLP's state and local tax work includes planning and consulting with clients regarding issues such as corporate franchise and income taxes, sales and use taxes, real and personal property taxes, local business license taxes, gross receipts taxes, capital stock taxes, documentary and other transfer taxes, and personal income taxes. In addition, the firm regularly advises clients on the state and local tax implications of a wide range of acquisitions and corporate reorganizations, including multistate analyses of potential mergers, acquisitions and dispositions.

Tax-Exempt Organizations. We advise nonprofit clients with respect to federal and state tax-exempt organizations rules, including formation, reporting, private inurement, excess benefit transactions, joint venturing with for-profit partners and income from unrelated business ventures.

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Tax News



Tax Highlights of Healthcare Legislation

Small businesses with up to 25 employees and average annual wages of less than $50,000 will be eligible for tax credits. Individuals earning less than 400 percent of the federal poverty level will be eligible to receive refundable tax credits to be used to help cover the cost of health insurance premiums. Employers with more than 50 employees who do not offer coverage will be charged $750 per full-time worker if at least one of their employees qualifies for a premium subsidy. Beginning in 2013, individuals earning more than $200,000 per year ($250,000 for joint filers) will be subject to a new 3.8 percent tax on all unearned income, including capital gains, dividends, and rental income. Also, the legislation imposes a 0.9 percent surtax on high-income taxpayers' share of their hospital insurance payroll taxes. Beginning in 2018, private plans that cost more than $10,200 for individuals and $27,500 for families will be subject to a 40% excise tax. The legislation also raises the threshold for claiming deductions for medical expenses to 10 percent of a taxpayer's adjusted gross income for those under 65. In addition, the legislation contains a provision that all financial transactions must have an economic substance other than reducing tax liability to be allowable by the Internal Revenue Service.