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General Income Tax Analysis and Planning

Fortson, Bentley and Griffin’s tax attorneys maintain significant expertise with respect to a broad spectrum of issues arising out of the complex, voluminous, and ever-changing income tax laws and interpretive authorities. Our expertise serves as a valuable resource not only to our firm’s clients but also to their accountants and other professional advisors, who may be wrestling with difficult tax concepts that affect either tax planning or tax reporting positions.

Our talented team of tax attorneys has general expertise in the a broad range of general income tax analysis and planning matters, including:

  • Availability of Business and Investment Deductions and Credits
  • Loss Limitations: including at-risk, passive activity, related party and basis limitations
  • Cost Recovery Issues: including depreciation systems (MACRS and other), amortization of intangibles and depletion of timber and other natural resources
  • Tax Accounting Rules: including cash, accrual and inventory (LIFO and FIFO) accounting methods as well as rules governing changes in accounting method
  • Issues Presented by the Annual Accounting Requirement: including statute of limitations issues, net operating loss (NOL) carrybacks and carryforwards, deposits, the tax benefit doctrine, and the claim of right doctrine
  • Anti-abuse Rules: including the economic substance and sham transaction doctrines as well as restrictions on tax shelters
  • Tax Aspects of Divorce and Separation: including alimony and property settlement issues and the division of exemptions and deductions
  • Tax Treatment of Settlement Proceeds and other Insurance Recoveries
  • Annuities, Life Insurance Policies and Endowment Contracts
  • Original Issue Discount (OID), Market Discount and Imputed Interest
  • Income from Cancellation of Debt (COD)
  • Alternative Minimum Tax (AMT)

If you are seeking experienced legal representation in connection with general income tax analysis and planning, please contact us online or by telephone at 706-548-1151 to speak with one of our experienced tax attorneys.