Tax
Attorneys in Phelps Dunbar’s tax practice have the knowledge and skill to represent clients in the highly technical and constantly changing field of tax law.
We advise corporations, business associations, partnerships, individuals, estates, trusts, qualified pension and profit-sharing plans and plan participants in all legal matters involving federal, state and local taxation.
Our tax practice ranges from counseling clients regarding the tax consequences of complex reorganizations, mergers, acquisitions, and takeovers of public or closely held business to real estate transactions, issues of low income housing tax credits, and controversy and litigation disputes (both in administrative and court proceedings with the Internal Revenue Service and state taxing authorities). Our tax attorneys also handle multi-state taxpayer projects in states across the Third Coast and beyond. These projects include counseling clients to minimize their state tax burdens, advising clients to qualify for tax benefits or economic tax incentives, and representing clients in administrative hearings and judicial proceedings against the state tax authorities.
Additionally, our tax attorneys are well versed in ERISA matters and perform due diligence and counseling in mergers and acquisitions. We are able to assist clients to remedy operational and form problems with employee benefit plans; represent them in audits of their plans by the Department of Labor and/or the Internal Revenue Service; and advise on establishing administrative procedures. We also design, draft and review for compliance group health plans, cafeteria plans, VEBA's and other welfare benefit trust plans; design and draft nonqualified retirement plans, Rabbi trust and 457(f) plans; and draft and design qualified retirement plans.
The firm's tax attorneys work closely with attorneys in other practice areas to advise our clients. The close working relationships among the various practice areas enables our attorneys to create and to implement plans, structures and instruments that permit our clients to achieve their business objectives with the least amount of federal, state and local tax consequences.