dcsimg Tax Policy Counseling

Tax Policy Counseling

For high-net worth individuals, executives and families, tax planning is an important step in ensuring that assets are protected and transferred in a manner that is consistent with their personal and business objectives. The Private Wealth Services team at McGuireWoods works with clients to identify and implement effective wealth-preservation strategies — including the orderly and tax-efficient succession of privately held and family-owned businesses — that comply with the requirements of federal and state taxing bodies. We also provide tax controversy services, helping clients resolve tax disputes through rulings and technical advice in the national office of the Internal Revenue Service (IRS) as well as in administrative appeals throughout the country.

We regularly advise clients on planning and controversy matters involving estate, gift and generation-skipping transfer taxes, income taxation of trusts and estates, charitable contributions and related tax issues. We help clients obtain tax-exempt status for family charitable foundations and have obtained numerous private letter rulings from the IRS on a range of tax questions, including the split-up of private foundations, the restructuring of trusts, stock repurchases, estate tax deductions and the conversion of marital trusts to a unitrust, among other issues.

Our lawyers are some of the most experienced in the area of tax policy as it applies to individuals and families, and have served in leadership positions for The American College of Trust and Estate Counsel and the American Bar Association's Section of Taxation. Among our number are fellows of The American College of Tax Counsel and the American Bar Foundation, and members of the International Academy of Estate and Trust Law.

In addition to our tax policy counseling work on behalf of individual clients and families, we also advise major trade organizations on tax issues affecting banks and trust companies in the areas of fiduciary income tax and estate, gift and generation-skipping taxes. Since the 1970s, our lawyers have contributed to the formation of estate tax policy through legislation, and to the prevention of overly burdensome U.S. Treasury and IRS regulations and guidance through public and private participation in the comment process.

CONTACTS

Ronald D. Aucutt Partner T: +1 703 712 5497
Dennis I. Belcher Partner T: +1 804 775 4304
Charles D. Fox IV Partner T: +1 434 977 2597
Results 1-5 of 5

RESULTS DEPEND ON A VARIETY OF FACTORS UNIQUE TO EACH CASE. PRIOR RESULTS DO NOT GUARANTEE OR PREDICT A SIMILAR OUTCOME.

Representative Matter

Major trade organization

Advised major trade organizations on tax issues affecting banks and trust companies in the fiduciary income tax and estate, gift, and generation-skipping tax areas.
Representative Matter

Provider of asset administration and trust and fiduciary services

Contributed to the prevention of the issuance of overly burdensome Treasury or IRS guidance through public and private participation in the comment process.
Representative Matter

High net worth individuals

Obtained an IRS letter ruling allowing a conversion of a marital trust to a “unitrust” measuring the annual payout by a graduated scale of percentages of value, elaborating the standard in the regulations.
Representative Matter

High net worth individuals

Obtained an IRS letter ruling favorably addressing the overlap between the charitable and marital estate tax deductions in a sophisticated flexible estate plan.
Representative Matter

High net worth individuals

Obtained an IRS letter ruling elaborating the exception in the regulations from the special valuation rules applicable to stock repurchase agreements when less than half of the stock is owned by family members.
Results 1-5 of 5
Ronald D Aucutt Ronald D. Aucutt
Partner
1750 Tysons Boulevard
Suite 1800
Tysons Corner, VA 22102-4215

T: +1 703 712 5497
F: +1 703 712 5286
vCard
Dennis I Belcher Dennis I. Belcher
Partner
One James Center
901 East Cary Street
Richmond, VA 23219-4030

1750 Tysons Boulevard
Suite 1800
Tysons Corner, VA 22102-4215

T: +1 804 775 4304
F: +1 804 698 2012
vCard

T:+1 703 712 5324
F: +1 703 712 5050

Craig D Bell Craig D. Bell
Partner
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 1179
F: +1 804 698 2160
vCard
Charles D Fox IV Charles D. Fox IV
Partner
Court Square Building
310 Fourth Street, N.E.
Suite 300
Charlottesville, VA 22902-1288

T: +1 434 977 2597
F: +1 434 980 2280
vCard
Results 1-1 of 1
Speaking Engagement

IRS Trustee Fee Unbundling Rule: Will You Be in Compliance?

Tuesday, August 5, 2014
Results 1-1 of 1