Duncan, Bressler, & Williamson, Inc.

Tax Issues

Duncan, Bressler, & Williamson, Inc.

Our tax attorneys are knowledgeable in a wide range of tax law including but not limited to Federal, Sales and Employment taxes.

Tax Issues

Planning for future tax payments can aid in minimizing income tax liability and protecting against the expense of noncompliance. As nearly all income is taxable and as nearly all sales/ exchanges constitute taxable events, guidance through the federal income tax maze of the Internal Revenue Code is invaluable.

Estate and Gift Taxes

The transferor of property must be aware of the federal transfer taxes applicable to lifetime gifts and transfers at death. These potential taxes should be examined prior to any transfer of property. Our attorneys are familiar with all aspects of the federal transfer tax laws and have filed hundreds of Federal Estate Tax Returns and Federal Gift Tax Returns on behalf of clients.

Tax Controversies

The complexity of tax laws may lead to disputes with the Internal Revenue Service or the Texas Comptroller of Public Accounts. Your attorney must protect your rights in examinations, appeals, collections, or petitions for relief in one of several tax courts. The attorneys at Duncan, Bressler, & Williamson, Inc. have successfully represented clients in estate and gift tax audits by the Internal Revenue Service.

Tax Exemptions for Nonprofit Organizations

Even if your organization is a nonprofit organization, it must apply for an exemption from federal and state income taxes unless the organization intends to pay the same income taxes that a business corporation pays. The attorneys at Duncan, Bressler, & Williamson, Inc. can assist not only with the preparation and filing of state and federal tax documents necessary to obtain an exemption for your public charity or private foundation but also with the administration and operation of such nonprofit organization.

Franchise Tax

Generally, every business corporation doing business in Texas must consider the application of the Texas Franchise Tax to its operations. This tax applies, generally, to the net surplus and capital of the business and is payable annually, where applicable.

Sales Tax/Use Tax

Sales tax is to be collected by every “seller” making a nonexempt sale. Advice as to the application of the tax, the liability for non-compliance and the procedure to effect compliance is essential to every business.

Duncan, Bressler, & Williamson, Inc.

Duncan, Bressler, & Williamson, Inc. offers expert representation by attorneys who are board certified in probate and  estate planning, commercial real estate, residential real estate law, and oil, gas and mineral law.