Practice Areas

Trusts, Estates and Elder Law

Tax Law

Corporate, Finance and Commercial Law

Business Succession and Exit Planning



Contact

Crisafulli Gorman, PC
Seven Pines Office Park
Building Three
8104 Cazenovia Road
Manlius, NY 13104


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Warning

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No Taxation Without Representation

Tax consequences pervade many aspects of business and human interactions. They influence the way businesses are structured and operated, the way people are compensated and save for retirement, they way families transfer inter-generational wealth, the way charities accomplish their missions and the way governments implement their policies.

Crisafulli Gorman, PC assists businesses, not-for-profit organizations, and individuals with tax planning, compliance, audits, and disputes. Specifically, we:
  • Help businesses decide whether to operate as a partnership, limited liability company, S-Corporation, C-Corporation or other entity;
  • Assist businesses with reorganizations, restructurings and recapitalizations;
  • Represent businesses faced with reclassification of independent contractors as employees;
  • Advise clients regarding payroll tax issues;
  • Establish non-qualified deferred compensation plans for highly-compensated executives;
  • Structure tax-efficient, sophisticated estate plans using credit shelter trusts, irrevocable life insurance trusts, grantor retained annuity trusts, qualified personal residence trusts, charitable remainder trusts, charitable lead trusts, and Delaware trusts;
  • Maximize tax-deferral of inherited qualified plans (such as IRAs, 401(k)s and 403(b)s) through the use of “see-through” trusts;
  • Draft qualified plan beneficiary designations designed to maximize tax-advantages of retirement plans;
  • Establish family limited partnerships and family limited liability companies to transfer wealth between generations in a tax-efficient manner using valuation discounts;
  • Represent taxpayers being audited by the IRS and/or New York State Department of Taxation and Finance;
  • Represent taxpayers faced with IRS collections activities by:
    • Seeking Offers in Compromise;
    • Seeking Innocent Spouse relief;
    • Negotiating installment agreements;
    • Representing taxpayers in Collection Due Process Hearings;
    • Representing taxpayers in U.S. Tax Court; and
    • Negotiating releases of liens, levies and wage garnishments;
  • Represent taxpayers in federal and New York State tax litigation before the United States Tax Court and New York State Division of Tax Appeals
  • Eliminate New York State penalties arising out of outstanding tax liabilities by helping clients qualify for New York’s Voluntary Disclosure and Compliance Program;
  • Represent restaurants and other vendors with New York State sales tax issues;
  • Form not-for-profit organizations and prepare IRS Form 1023 and 1024 Applications for Recognition of Tax-Exempt Status;
  • Assist tax-exempt organizations retain their tax-favored status by helping them avoid transactions constituting private benefit, private inurement, self-dealing, campaign activities, or impermissible lobbying;
  • Advise tax-exempt organizations how to engage in joint ventures with other entities and how to spin off subsidiary entities without jeopardizing their tax-exempt status;
  • Request Private Letter Rulings from the IRS and Advisory Opinions from the New York State Department of Taxation and Finance regarding complex tax issues; and
  • Assist taxpayers to qualify for government-sponsored tax incentives.
Judge Learned Hand of the U.S. Court of Appeals famously explained:

Anyone may arrange his [or her] affairs so that his [or her] taxes shall be as low as possible; he [or she] is not bound to choose that pattern which best pays the treasury.  There is not even a patriotic duty to increase one’s taxes.  Over and over again, the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible.  Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.

At Crisafulli Gorman, PC, we strive to ensure that your business and personal affairs are arranged in as tax-efficient a manner as possible, that you understand the tax laws well enough to make informed decisions, and that you are well-defended if scrutinized by the IRS or another government body with the authority to tax.