Meegan B. Colclough

• Organization and formation of sophisticated business entities, as well as series and classes thereof, in jurisdictions across the country, including LLCs, GPs, LLPs, LPs, LLLPs, business corporations, nonprofit corporations

• Partnership tax planning
• C Corporations and S Corporations
• Disregarded entities

• Formation and applications for tax-exempt status including:
o IRC § 501(c)(3) (charitable, etc.) entities
• Operational issues including public charities, private foundations and supporting organizations

• High dollar net worth estate tax and income tax planning for families, family offices and family businesses
• Drafting wills, trusts, and nuptial agreements
• Business succession planning regarding transition of family LLCs, partnerships and corporations.
• Trust reformations and probate controversies.
• Conservatorships and guardianships

• State law and tax structures
• Purchase price allocations of consideration in tax efficient manner regarding assets
• Tax free reorganizations under IRC §368
• 1031 exchanges including direct, and three party exchanges involving qualified intermediaries and qualified accommodating owners.
• Timber tax transactions
• Conservation easements

• Inbound and outbound transactions
• Disclosures of foreign accounts to the IRS and to FinCen including filing FinCen Form 114
• Structuring of domestic entities for foreign clients
• Structuring of foreign entities for domestic clients
• Offshore Voluntary Disclosure Program advice
• Withholding and bilateral tax treaty issues.

• Leases
• 1031 Exchanges
• Sales and Acquisitions

• Federal
• Income tax controversies from audit to
  Appeals to Tax Court and federal court
• Offers in compromise and innocent spouse
  claims
• State and Local
• Income tax
• Sales and use tax
• Ad valorem tax
• Excise tax