The Reed Smith State Tax team are leaders in tax planning and audit defense for individual taxpayers.
Personal income tax audits should be based on a neutral application of the law to the facts presented – not to raise revenue or “protect the fisc.” Taxpayers should pay no more in taxes than they legally owe. Our team’s charge is simple: to help individuals plan for large income-generating events and changes in residency, defend against audits, and prevent the payment of taxes not owed.
Our lawyers are perhaps the most experienced and effective of their kind in multistate residency and source-of-income audits – with particular experience in New York and California. Just as importantly, our team has invaluable experience working with and for tax agencies, and has forged strong professional relationships with key agency decision-makers. They put those assets to work for clients in the numerous residency audits and assessments they defend.
These audits are frequently intrusive, requiring inquiries regarding an individual’s business and family ties, the nature of the time spent around the country, and the location and presence of personal belongings. Our attorneys are skilled at managing this sensitive information and reducing the burdens imposed on individuals as a result of these inquiries. They have significant experience working with high-profile individuals and understand the importance of confidentially in such matters.
Scope of Services
Residency Planning
Our lawyers help individuals plan changes in residency to reduce the risk of future audit and tax assessment. They give clients the practical advice they need. Because of their hands-on experience, they know the questions that will be asked and the viewpoint through which a taxing agency will view the facts. They counsel you based on this knowledge to maximize the chances of a favorable resolution.
Audit Defense & Appeals
Our lawyers zealously defend individuals against assessments through all phases of the administrative process and in court and negotiate favorable settlements when appropriate. They aim to resolve matters at the lowest possible level, but if they need to fight, they are tenacious and resourceful. Because tax agencies are aware that the Reed Smith Team is a threat at any level – and that they will go the distance if needed – our clients are often able to resolve matters early and favorably.
