Inside the Firm
We maintain a strong and varied tax practice. John has an LL.M. In Taxation and is actively sought after by clients, tax practitioners and other attorneys for his counsel on tax related matters including strategic tax planning, regulatory compliance and tax controversies.
Taxes play an important role in most personal and business transactions. Whether you are starting a new business or purchasing an aircraft, how the transaction is handled can seriously affect your future tax liability. Our experience and background in taxation allows us to provide a comprehensive approach on every transaction for our individual and business clients.
John represents clients in numerous tax-related matters, including:
Business owners in the formation of new entities and the reorganization of existing business entities;
Businesses in the preparation of complex, insured and uninsured buy-sell arrangements;
High net-worth individuals in managing their assets and counseling on tax efficient methods of transferring assets to family members or tax exempt organizations;
Businesses and their equity owners in structuring and carrying out mergers, acquisitions and spin offs;
Business operators in making tax sensitive decisions on business operations and the formation and restructure of the business entity ;
Business and individual taxpayers in controversies and litigation with local, state and federal tax authorities;
As well as numerous estates, trusts and fiduciaries in planning and implementation of their taxation strategies.
For more information on how The Law Office of John L. Wright can assist with your tax law needs, contact us today.
See Some of John's Tax Cases and Representations
Taxation
Obtained over $50,000 refund of errantly assessed county sales tax on corporate owned jet aircraft.
Advised corporate client in forming employee stock option plan (ESOP) to allow for employee minority interest of corporation through tax-deductible payments to employees.
Obtained a favorable resolution for client that had failed to make subchapter S election, which failure resulted in substantial IRS assessment for unpaid corporate level taxes. Able to eliminate all penalties and obtain a modified S-election date, eliminating complications in pending sale of corporate assets.
Vetted proposed utilization of captive insurance company for corporate client, exploring capitalization, wealth transfer benefits, potential tax savings, and compliance with tax regulations and IRS guidance.
Formulated strategy and drafted documentation for partial transfer of commercial real estate holdings of C-corporation client to limit tax exposure on future appreciation and minimize tax liability on transfer.
Represented mid-level Denver development company in substantial loan workout. Utilizing qualified real property business indebtedness (QRPI) provisions, developed workout structure which eliminated all cancellation of indebtedness income. Transaction structure saved client in excess of $400,000 in tax liability.
Developed strategy for beneficial allocation between personal goodwill and covenant not to compete in sale of personal service company, thereby obtaining capital gain treatment for larger portion of purchase proceeds.
