Business Services

Taxation

The attorneys of Stites & Harbison’s Tax Group assist a variety of clients (corporations, estates, exempt organizations, individuals, limited liability companies, partnerships, trusts and universities) with tax planning and litigation on the federal, state and local levels. The attorneys include a former United States Tax Court law clerk and a former attorney for the Internal Revenue Service’s Office of Chief Counsel (Tax Court). Many of the attorneys have master-of-law degrees in taxation.

The attorneys of Stites & Harbison’s Tax Group routinely serve clients in a range of matters that include:

  • Aircraft Acquisition and Leasing
  • Aircraft Fractional Interests
  • Alternative and Renewable Energy Tax Planning
  • Business Acquisitions
  • Business Contracts
  • Business Formations
  • Business Liquidations
  • Business Mergers
  • Business Planning
  • Business Restructurings
  • Cafeteria Plans
  • Captive Insurance Companies
  • Charitable Contributions
  • Corporate Spin-Offs, Split-Offs and Split-Ups
  • Corporate Tax
  • Divorce Tax Planning
  • Elder Law
  • Employee Benefits
  • Employee Plans Voluntary Compliance Program
  • Employee v. Independent Contractor
  • ERISA (fiduciary, prohibited transactions, etc.)
  • ESOPs
  • Estate & Gift Planning
  • Estate & Gift Tax (including tax return preparation)
  • Executive Compensation
  • Federal Excise Taxes
  • Fiduciary Income Tax Returns (preparation and planning)
  • FIRPTA (foreign investment in US real property)
  • Georgia Income Tax
  • Georgia Sales & Use Tax
  • Georgia Tax Litigation
  • Incentive Stock Options
  • Income Tax Planning
  • Individual Tax
  • Interest Rate Swaps
  • International Tax Planning (Inbound and Outbound)
  • Investment Fund Formation (Structuring, LP or LLC Agreements, PPMs)
  • IRS Appeals
  • IRS Audits
  • IRS Ruling Requests
  • Kentucky Income Tax
  • Kentucky Inheritance Tax
  • Kentucky Retirement System
  • Kentucky Sales & Use Tax
  • Kentucky Tax Litigation
  • LLC Operating Agreements
  • Local Taxes
  • Low-Income Housing Credit
  • Medicaid Planning
  • Multistate Tax
  • New Markets Tax Credits
  • Nonqualified Deferred Compensation
  • Nonqualified Stock Options
  • Partnership Tax
  • Penalty Abatement
  • Pre-Nuptial and Post-Nuptial Agreements
  • Private Foundations
  • Probate (including litigation)
  • Purchase & Sale of Assets
  • Qualified Opportunity Zones
  • Qualified Retirement Plans (401(k) and defined benefit)
  • Regulated Futures Contracts
  • REITs and RICs
  • REMIC Defeasance Tax Opinions
  • Restricted Stock Plans
  • S Corporations
  • Shareholders’ Buy-Sell Agreements
  • State Tax Incentives (including PILOT incentives)
  • Stock Purchase Agreements
  • Stock Redemption Agreements
  • Tax Court Litigation
  • Tax Exempt Organizations (Formation, Exemption Applications, Intermediate Sanctions, and IRS Audits)
  • Taxfree Exchanges (Code Section 1031)
  • Tax Opinions
  • Tax Return Review and Analysis
  • Tax Settlements
  • Tax Treaty Analysis and Planning
  • Tennessee Business Tax
  • Tennessee Franchise and Excise Tax
  • Tennessee Indebtedness Tax
  • Tennessee Miscellaneous Taxes
  • Tennessee Sales & Use Tax
  • Tennessee Tax Litigation
  • Transfer Pricing
  • Trust Administration (including litigation)
  • Trust Agreements
  • Unrelated Business Income Tax
  • Voting Trusts
  • Welfare Benefits (health, disability and life insurance)

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"Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes."

J. Learned Hand, Helvering v. Gregory, 69 F.2d 809, 810 (2d Cir. 1934), citing United States v. Isham, 84 U.S. (17 Wall.) 496, 506, 21 L.Ed 728 (1873).

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Events

New Markets Tax Credit-What it Takes to Have a “Shovel Ready” Project

Date: 4/22/21
Time: 11:30 a.m. - 1:30 p.m.

Webinar

Please join Stites & Harbison for a webinar focused on what makes a project “shovel ready” for the purpose of attracting New Markets Tax Credit financing.

James C. Seiffert and Jameson M. Seiffert April 08, 2021
Articles

Real estate veterans partner on West End condo project

The development team behind a planned multifamily renovation of single-family residential condominiums in the Parkland area of West Louisville believes the project can be a springboard for more growth and give West End residents an...
by James C. Seiffert and Jameson M. Seiffert January 19, 2021
Press Releases

Bill Joseph Recognized in Georgia Trend’s 2020 Legal Elite

ATLANTA—Georgia Trend magazine has selected Stites & Harbison, PLLC attorney William M. (Bill) Joseph as one of its 2020 Legal Elite in the category of Taxes/Estates/Trusts Law. This is the seventh time Joseph has earned the Legal Elite honor.

by Stites & Harbison, PLLC December 03, 2020
Press Releases

Bert Wolf Named Stites & Harbison’s Memphis Office Executive Member

MEMPHIS, Tenn.—Stites & Harbison, PLLC attorney Herbert B. Wolf Jr. (Bert) has been named Office Executive Member for the Memphis, Tenn., office.

by Stites & Harbison, PLLC September 04, 2020
Press Releases

IFLR1000 Honors Stites & Harbison and James C. Seiffert

LOUISVILLE, Ky.—IFLR1000 has announced that Stites & Harbison, PLLC and attorney James C. Seiffert have been honored in IFLR1000 United States for 2020.

by Stites & Harbison, PLLC August 27, 2020
Client Alerts

Retirement Plan Excessive Fee Litigation is on the Rise

Retirement plan sponsors and other fiduciaries are required by ERISA to discharge their duties with the “care, skill, prudence, and diligence” under the circumstances as would a prudent man. This means, among other things, fiduciaries should ensure that all fees paid by the plan for recordkeeping and investment management services are competitive and reasonable.

by Andrew R. Jacobs August 17, 2020
Client Alerts

$5 Billion of New Market Tax Credits in Search of High Impact Projects

It is anticipated that the Community Development Financial Institutions Fund (“CDFI”) will announce $5 billion in New Markets Tax Credits (“NMTC”) allocation awards within the next several weeks.

by James C. Seiffert and Jameson M. Seiffert July 02, 2020