Overview of Services
Hanson Bridgett provides clients with a broad range of federal, state and local tax services, from personal and transactional tax planning to dispute resolution. We have decades of experience assisting both individuals and businesses, collaborating with them as a strategic partner in achieving their specific goals.
Many of our tax lawyers have extensive experience in corporate and business law, which enhances our ability to navigate complex tax issues in structuring transactions. We have advised numerous companies on the tax ramifications of structuring (a) partnerships, limited liability companies and corporations, (b) and mergers and acquisitions and(c) corporate and LLC divisions and spin-offs of subsidiaries. When tax disputes arise, we represent them in audits, appeals and litigation.
We represent a variety of clients, from individuals, partnerships and limited liability companies, to corporations, government agencies and nonprofit organizations. Our extensive practice includes income, estate, gift and real property taxes.
In each case, we work with the client to understand their objectives, whether we’re advising families on gift and estate tax planning or guiding companies through corporate reorganizations. We carefully review each transaction, evaluating its history and identifying the consequences of certain actions and, ultimately, provide options for our clients in achieving their goals.
Federal, State and International
In addition to federal tax planning, we assist clients with a wide range of state and local tax matters. When a dispute leads to litigation, we represent clients before the IRS, the Franchise Tax Board and the State Board of Equalization. We also provide tax advice for U.S. and foreign individuals and entities, with particular expertise in cross-border issues affecting taxpayers in the Pacific Rim.
Our other areas of expertise include the following:
- Corporate Tax – advise limited liability companies, C corporations, S corporations and other companies in all phases of development, from early formation to public offerings
- Employee Benefits – advise employers on compensation and benefits tax issues, and individuals on benefit distributions, retirement plans and income and estate tax elections.
- Health – provide practical advice on such tax issues as “pay or play”
- Employment – assist with a variety of issues, including payroll taxes, independent contractor controversies and federal and state employment tax audits
- Nonprofit and Tax-Exempt Entities – advise on formation and compliance issues
- Partnership Tax – cover all aspects, as well as sales and purchases of partnership interests and assets
- Real Estate Tax – advise on tax-free exchanges under Section 1031 as well as Proposition 13 reassessment rules and local real property transfer taxes
News & Resources
Preserving QSBS in the Midst of the Silicon Valley Bank Crisis
Hanson Bridgett reviews QSBS Considerations for Founders and Startups in the Midst of the Silicon Valley Bank Crisis
Santa Monica's Measure GS And Why It Is Important
Measure GS, commonly referred to as the "Funding for Homelessness Prevention, Affordable Housing, and Schools" initiative, was proposed in response to the rise in homelessness in Santa Monica and became effective March 1.
The New ULA Ordinance and Why You Should Care…
City of Los Angeles to implement new ULA Measure aimed at taxing high valued real estate to help combat homelessness
IRS Guidance on New Research & Experimental Cost Capitalization: At What Expense?
On December 12, 2022, the IRS released Rev. Proc. 2023-8 to provide guidance on how to implement the new capitalization rules for R&E costs under section 174.
IRS Relief for Taxpayers with Delinquent Information Returns
The IRS issued a Notice which grants significant penalty relief for taxpayers who failed to file certain tax or information returns for tax years 2019 and 2020
The Importance of 83(b) Elections for Qualified Small Business Stock
(IRC) Section 83(a) states that if property is transferred to a person in connection with the performance of services, the fair market value of the property less the amount (if any) paid...
California's Pass-through Entity Tax Election – Providing Relief From The SALT Deduction Cap
The CA PTE election allows California pass-through entities to pay their consenting owners' state tax annually and then book such payments as a business expense.
Something to Prove on Proof of Stake: Plaintiffs in Jarrett Reject IRS Refund on Taxed Tokens
A recent IRS concession bodes well for how the tax treatment of proof of stake validators may develop through case law.
IRS Draws a Line in the Sand for QSBS Qualification
Brokerage services to be interpreted broadly under IRC section 1202(e)(3)