Tax Compliance and Consulting Services

Tax laws and interpretations change daily, resulting in the need for tax experts who are continually updated and knowledgeable about current IRS and State tax legislation.  A proactive, year-round approach to tax planning helps to identify tax problems early, and provides solutions designed to minimize tax obligations.  Our tax professionals have extensive experience dealing with all taxing authorities.  Whether facing an audit or structuring a complex transaction, Wright Ford Young & Co. is qualified and eager to assist you.

Corporate

Corporate tax issues can be complex, especially with the ever-changing legislative landscape. To cut through the complexity, we proactively examine legislative changes to determine how they will impact our corporate clients. We also partner with our clients and encourage them to contact us before making large-scale decisions, to consider potential economic and tax consequences. We’re on your side, looking out for your best interests.

At Wright Ford Young & Co, we offer the following corporate tax services:

• Income tax planning
• Income tax preparation
• Choice of entity and business structure planning
• Tax minimization and credit strategies
• Business purchase, sale or merger
• Sale or purchase of real property
• Property exchanges
• Lease/Buy analysis
• Tangible property regulations
• Financing alternatives
• Multi-state issues
• International issues
• Consolidated returns
• Tax credits (R&D, work opportunity, earned income, foreign, etc.)
• Succession planning
• Bonuses and other compensation planning
• Payroll, property and sales tax issues
• IRS and FTB audit representation
• Charitable alternatives

Partnerships

Though partnerships and limited liability companies (LLCs) are popular with taxpayers, thanks to their flexible structures, they also come with some of the most complex tax issues. This happens because that highly desired flexibility is laden with special rules and exceptions. Wright Ford Young & Co. can help you cut through the red tape and make informed decisions about your partnership/LLC, whether the topic is special allocations of income and losses or how to treat appreciated property.

When forming a new partnership or LLC, the exit strategy may be just as important as the formation strategy. That’s why we provide value to our clients through proactive planning in the early stages of their partnerships/LLCs. We also partner with our clients throughout the life of their entities by encouraging them to contact us before making any large-scale decisions. Through close communication, we can help you consider all potential economic and tax consequences.

We provide the following partnership/LLC tax services:

• Income tax planning
• Income tax preparation
• Choice of entity and business structure planning
• Review of partnership and LLC operating agreements
• Partnership mergers, acquisitions, and divisions
• Sale of personal or business property
• Tangible property deductions
• Multi-state issues
• International issues
• Tax credits (R&D, work opportunity, earned income, foreign, etc.)
• Succession planning
• Retirement planning
• Bonuses and other compensation planning
• IRS and FTB audit representation
• Charitable alternatives