INDIVIDUAL TAX OPTIMIZATION
Tax bills can drain funds that you could otherwise invest in your business, assets, family, or any other priority. While taxes are unavoidable, strategic planning can significantly reduce your tax burden, allowing you to retain more of your hard-earned money. At Brotman Law, we thoroughly analyze your unique situation to design a personalized tax plan that maximizes your savings and minimizes your tax liability.
SAVE YOU MONEY
We save you money in the current tax year and create savings that will undoubtedly send a ripple through the coming years. In the long run, thousands of dollars will grow to hundreds of thousands, then millions in savings.
GREATER WEALTH
We help you keep more money in your pockets for investing, saving, or anything else that contributes to a good life. Our attorneys strive to reduce your lifetime tax liability by implementing different legal tax optimization strategies.
PEACE OF MIND
We work with you to ensure every item is correctly captured on your tax returns allowing you to enjoy greater peace of mind.
Overview
Most people think going to their CPA is enough tax planning when, in reality, you are barely scratching the surface. We consider deductions or credits as the side dish. What you really need is the full meal.
Have you ever wondered if there were other ways to reduce your tax bill? Have you questioned whether your CPA was doing enough? What people fail to realize is that CPAs are compliance-oriented people, not strategists. Our attorneys interpret the law and apply it in a way that benefits our clients. No shortcuts, no cheating, just strategic planning that gets results.
Our strategies have saved our clients hundreds, thousands, and millions of dollars year over year. And you may be thinking, do I really need a tax attorney? Do I have to speak with an attorney every year for my tax preparation? Don’t worry, once we put a plan in place, your CPA can easily maintain the strategies. A one-time investment into tax planning can double or triple your tax savings every year, and you won’t need to worry about it again.
Of course, if your situation changes or you grow your enterprise with your tax savings, we’re happy to revisit and make sure you’re optimizing your taxes to the fullest. As you maximize your wealth, you will continue to grow and make new investments. We’ll ensure that, with your growth, you also continue to optimize your tax savings.
Corporate Tax Structuring
What Else Should I Know?
When we deal with the concept of risk, it’s important to know what could go right, what could go wrong, and what the consequences are, both positive and negative, of any decision or position we take. It’s our job as a tax law firm to be risk-neutral, and to help our clients by adopting their risk profile.
Depending on your risk tolerance, we will advise on what the best position is for your particular situation so that you can analyze the risk and make your own decision.
As tax attorneys, we don’t make decisions for our clients but we give them as much information and input as they need to make good decisions on behalf of themselves and their organizations.
A lot of perspectives on tax come from CPAs, but CPAs come from a tax compliance background. Tax compliance is designed to keep you safe and is risk averse. Therefore, they are not the people you should be asking about tax strategy.
Tax attorneys, on the other hand, are advocates for their clients and serve as tax strategists, which means they’re designed to take positions to your benefit. Tax attorneys go to law school to learn how to advocate on behalf of their clients and how to put strategies in place to achieve overall objectives.
More differences include:
- No privilege protection on conversations about tax strategy: Unlike attorneys, communications between a CPA and their client are not protected by attorney-client privilege and tax strategy discussed with your CPA is discoverable by the IRS.
- Scope of services: Tax attorneys can provide a wide range of legal services beyond tax preparation, which CPAs cannot.
- Expertise in accounting and tax laws: CPAs have extensive knowledge of accounting and tax laws, but they may not have the same level of legal expertise when it comes to tax issues as tax attorneys. This can limit their ability to provide tax strategy that takes into account other legal considerations or provide comprehensive strategic advice to clients who are facing complex legal and tax issues.
Every client’s situation is different, but we estimate most of our clients see a 5% to 35% reduction in their tax bill. There’s no one-size-fits-all solution and different amounts of savings mean different things to different people.
If you are looking for big math, our Firm saved one of our clients more than $60,000,000 in taxes by using our tax optimization methods. However, little hinges can swing some pretty big doors. A smaller client without as many moving pieces can generate an extra $5,000 in tax savings on an annual basis. Over a five-year period, this equates to an extra $25,000 in tax savings and an increase of $28,319 in net worth. Over ten years, this equates to an extra $66,083 in the pocket of our client, which is a pretty good return for a modest amount of tax savings.
WE KNOW OUR STUFF
Our attorneys have years of audit experience, so we know what tax agencies are looking for. This helps us devise strategies that reduce your audit risk, versus increasing it.
TAX STRATEGY
Getting your taxes prepared by your CPA is not the same as tax strategy. Tax strategy is considering the law and finding ways to apply it in your favor. No shortcuts, no cheating, just strategic planning that gets results.
PERSONAL ATTENTION
We customize each tax strategy plan to your situation. There’s no one-size-fits-all, and we make sure your plan works for you and considers your tolerance for risk.
Our Clients Will Tell You: We Get Results.
Hundreds of $1,000,000s
Saved in Tax Penalties
100+
Appeal Victories
$1B+
Saved in Taxes
150+
Multimillion and billion-dollar corporate transactions
11+
Tax Services
400+
Clients represented in an audit
$160M+
in ERC Tax Credits
Our Thought Leadership Has Appeared In
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Set up a quick call with our firm’s concierge to see if we’ll be able to help you. The whole process will take 15 minutes or less.
STILL HAVE QUESTIONS?
- Effectively allocate income that should be taxable to the enterprise back to the enterprise instead of the owner.
- Maximize enterprise losses, particularly for real estate investors, to offset taxable income.
- Create tax-advantaged structures for owner investments and shift investments into the enterprise structure, rather than being owned directly by the owner (which also carries several asset protection benefits as well).
- Shift family income needs to be funded through more tax favorable sources and plan future income to increase through those sources.
- Fabricate deductions, underreport/hide income, or do things that are sketchy or increase your risk.
- Increase your IRS or state audit risk. (If anything, proper structuring reduces audit risk because you are doing things in a way that the government expects to see them.)
- Make things overly complicated by recommending a vast web of corporate and/or trust structures that are unnecessary or overly expensive to maintain.
- Save money, serious money, on your yearly income tax obligations.
- Reduce your federal and state audit risk.
- Hold assets in tax advantaged and sometimes in asset protected structures designed to minimize your risk.
- Facilitate the transfer of wealth to the next generation or maximize charitable giving opportunities.