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Taxation
Taxation
Tax planning and counseling for business and corporate clients
engaged in mergers and acquisitions, spin-offs, capital equipment
leasing transactions are among the diverse tax law services
rendered by Martin, Tate, Morrow & Marston. The Firm's
Business/Tax lawyers have experience in the area of compensation
and benefit planning, including all aspects of deferred
compensation, stock option and fringe benefits, including
qualified plans. Within the qualified plans area, members of the
Firm have been involved in the design, drafting and
implementation of qualified pension, profit sharing, stock bonus,
employee stock ownership plans. The Firm is also experienced in
the charitable tax area, including charitable planning for
individuals and the creation and representation of charitable
foundations and entities. A number of Martin, Tate, Morrow &
Marston attorneys are either Certified Public Accountants or hold
masters degrees in accounting and taxation.
Internal Revenue Service representation includes all
administrative levels within the Internal Revenue Service from
the revenue agent through the administrative appellate process,
as well as litigation in Tax Court, the United States District
Court, and the United States Courts of Appeal. The Firm also
represents non-profit and tax-exempt organizations with tax
related matters including requests for tax-exempt status.
State and local taxation matters handled by the Firm include
cases involving income, excise and franchise tax, sales and use
taxes, gross receipts taxes, and property taxes, as well as the
Hall Income Tax, and the Tennessee Gift, Inheritance and Estate
Taxes. This representation takes the form of tax planning,
advising clients about changes in the tax laws (both before and
after the occurrence of a "taxable event"), representation of
clients during an audit by the Tennessee Department of Revenue or
the Mississippi State Tax Commission, as well as during the
administrative appeal stages, and finally, representation of
clients in the various state courts, should that become
necessary. The Firm obtains advance rulings from the Mississippi
State Tax Commission and has experience working with the
Mississippi State Tax Commission to draft tax related
legislation, regulations and guidelines on matters beneficial to
our clients. The Firm represents clients with Mississippi
property tax matters before county tax assessors and tax
collectors, through appeals of assessments to the county board of
supervisors and to county circuit courts, if necessary.
Tax incentives for new or expanding projects have been negotiated
by Martin, Tate, Morrow & Marston for the benefit of clients in
order to obtain significant reductions in property taxes for many
years into the future, as well as tax exempt (less costly)
financing for the project through the Industrial Development
Board of the City of Memphis and County of Shelby, Tennessee, and
other industrial development boards. Such planning also sets the
stage for additional tax savings involving other state and local
taxes. Martin, Tate, Morrow & Marston also represents companies
locating or expanding operations within the State of Mississippi
in obtaining tax incentive packages through negotiations with
State and local authorities. Our Southaven office is uniquely
situated within the northwest corridor of Mississippi, a growing
area with easy access to the Memphis International Airport, and
the FedEx and UPS Hubs. Tax services offered to clients with
operations throughout Mississippi involve Mississippi income,
franchise, sales and use taxes and county and local ad valorem
taxes, including planning as well as tax controversy work.
Counsel is also provided on minimizing the Mississippi
contractors’ tax which is imposed on Mississippi commercial
construction projects. |
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