Whiteford, Taylor & Preston's Tax group includes practitioners who focus on all aspects of the Federal Internal Revenue Code, its regulations, and its administrative and judicial interpretations. We represent corporations, limited liability companies, partnerships, nonprofit organizations and individuals on questions dealing with income taxes, ERISA and pension benefits, estate and gift taxes, and international taxation. In addition, we have state tax law practitioners with experience in state and local tax matters, including income, sales, inheritance and property taxes.
Income and other taxes
Members of the group have extensive experience in advising businesses, individuals and non-profit organizations on a broad range of federal, state and international tax issues. For example, we guide business clients from initial start-up through maturity on all aspects of tax issues in order to enhance the tax efficiency of their activities and transactions, to limit their exposure to controversy, and to help them comply with federal, state and local tax laws. Members of our Tax Section also have substantial experience representing clients in controversy matters, including administrative appeals, litigation of state tax matters in state courts (including income and sales tax issues, nexus for income or sales tax purposes, property tax, utility and franchise tax issues), and federal tax matters in federal courts.
The attorneys in our Tax Section work closely with attorneys in our corporate and securities, real estate, litigation and employment law sections. By using this team-oriented approach, we can more comprehensively represent a wide range of clients, including sole proprietorships, closely-held businesses, partnerships, joint ventures and limited liability companies, middle market and public companies, non-profit organizations and foreign entities.
Members of our Tax Section have achieved national prominence in their areas of practice. They are active in state and federal bar associations. Three of our attorneys are past chairs of the Maryland State Bar Association's Tax Section. Members of the firm are frequent speakers at seminars on current tax issues and have been course instructors at the Graduate Tax Programs of local universities.
Employee Benefits and ERISA
Our Employee Benefits and ERISA lawyers provide advice and legal services to private sector, government and tax-exempt or not-for-profit clients on issues relating to their employee pension plans, welfare plans, deferred compensation, executive compensation arrangements, and fringe benefits. Generally, legal issues arise in connection with compliance with the Employee Retirement Income Security Act of 1974 ("ERISA"), various requirements in the Internal Revenue Code for tax qualification of pension plans or for tax preferred treatment of executive benefit programs, welfare plans and fringe benefit arrangements and under state laws and regulations. The group’s experience is described in more detail here.
Estate and Gift taxes
Our estate and trust lawyers can help you consider the impact of federal and state estate and gift taxes related to your estate, whether it involves traditional planning or more complex issues, such as complex family structures or closely-held business interests, and advise you on how your assets can pass to your beneficiaries in the most tax-efficient and cost effective manner. The group's practice is described in more detail here.
Real Estate taxes
Our tax lawyers work closely with our real estate attorneys to structure transactions in the most efficient manner, taking into account the federal and state income tax impact on the parties involved in the transaction, as well as the recordation and transfer tax implications. Read more about this practice here.
We provide sophisticated and comprehensive advice on federal and state tax matters of particular relevance to associations, charities and other types of nonprofit organizations. For example, we counsel and represent nonprofit clients on matters such as obtaining and maintaining recognition of tax-exempt status, unrelated business income analysis, and structuring of subsidiaries, affiliates and joint ventures. Our nonprofit clients include professional and trade associations, healthcare providers, educational institutions, and seniors' housing and care providers. Read more about our Nonprofit services here.
The firm's public finance lawyers have served as bond counsel, underwriter's counsel, borrower's counsel, trustee's counsel and guarantor's counsel in tax-exempt general obligation bonds and revenue bonds, as well as other forms of financing. For a full description, click here.
WTP has significant experience confronting the array of international tax issues faced by U.S. individuals and companies with income or operations abroad, as well as foreign individuals and companies with income or operations in the U.S. We advise these individuals and companies on the tax implications of their cross-border transactions, including mergers and acquisitions and related financing transactions, and international restructurings, dispositions and divestitures. For more details, please click here.