Taxes

For the foreseeable future, the Internal Revenue Code will remain a seemingly endless web of complexity. Strohmeyer Law helps clients manage income taxes paid by individuals, trustees, and executors, with a specialty in planning for federal estate and gift taxes.

We also offer assistance with entity-level and owner-level tax planning for closely-held partnerships, LLCs, and corporations.

Schedule a call with Strohmeyer Law.

Schedule an Initial Call

Reasons to call us:

Your tax preparer (a CPA or an enrolled agent) has a question that would benefit from our advocacy skills.

These could be questions about planning for Estate Tax, Generation-Skipping Transfer Taxes, Gift Taxes, or IRS Forms 14653 and 14654, which are filed as part of the Streamlined Offshore Procedures.

While we regularly interact with the IRS, we rely on our clients’ tax preparers to prepare their annual tax returns. Why? Because when it comes time to report a transaction to the IRS, we don’t want you dealing with any surprises. We limit our return preparation work to one-off returns that benefit from our advocacy skills.

Reasons to NOT call us:

You haven’t talked to/don’t yet have a CPA or enrolled agent
You need help filing or negotiating back taxes with the IRS
You got a letter from the IRS
Your employer didn’t pay your taxes correctly
You filled something out incorrectly on your tax return
You feel like you’re paying too much in taxes

The best way to address these issues is to go through a CPA or an enrolled agent, who can help you with the ins and outs of preparing, amending, or addressing your tax returns and IRS communications. If it makes sense for us to get involved, they will let you know.

We limit our return preparation work to one-off returns that benefit from our advocacy skills, and generally act in a tax planning capacity for our clients.

International Tax for US Citizens and Residents

The United States is one of two nations that imposes its income tax on citizens and residents on their worldwide income, and not just the income generated within its borders. (The other is Eritrea.) To give the IRS a chance to verify what taxpayers report on their tax returns, Congress has passed numerous reporting obligations to force taxpayers to tell the IRS about a wide variety of foreign assets they own. These obligations can be confusing at best, and Strohmeyer Law helps clients meet those obligations.

US Tax Planning for Nonresidents

The digital economy makes it easy for people and money to move across international borders. If the United States is not involved, then a nonresident of the United States will have few, if any, interactions with the Internal Revenue Service. But as more foreign citizens look to the U.S. as a place to invest, they need to know when and how to navigate the move from being a nonresident to a resident of the U.S. for tax purposes. When a person’s residency status changes, the tax rules change dramatically, and if not anticipated, the consequences can be severe.

“Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.”

– Judge Learned Hand, Chief Judge of the United States Court of Appeals for the Second Circuit