Often financial transactions are full of complicated tax issues. these need to be addressed If you want to avoid the likelihood of the unwanted shock of a tax surprise. This surprise could come in the form of an IRS letter or even an audit that could potentially lead to the IRS engaging in even a broader more in-depth audit.

With this in mind, before completing an estate plan, business acquisition, or other important financial transactions it is important to consult with an experienced tax attorney.  Jonathan Callister with his master-of law degree in taxation (LLM), and over 15 years of experience in tax planning matters has the skill to provide comprehensive tax planning and preparation services.

Tax planning for Wills, Trusts, and Estate Plans

Financial planning for the future is a necessary strategy for ensuring your family and loved ones are looked after once you are gone, therefore it is imperative to create an estate plan. Tax minimization is a key ingredient to the planning of your estate and sometimes overlooked. Taking steps to lessen your tax burden paid by the estate and beneficiaries means that your heirs or your preferred charity will be able to retain more of your hard-earned assets.

Jonathan Callister with his education and experience in tax law will review your finances and goals. He can develop an approach of legal strategies which will limit the amount of estate taxes your estate will pay when shifting those assets to your planned for beneficiaries.  Through trusts and charitable giving you will be able to reduce your estate tax liability.

Callister Law will be able to walk you through the fine line of tax planning to better protect your assets within your estate.

Tax Planning for Business and Corporate Transactions

Irrespective of the size or type of business many transactions can have profound tax impacts. For example, a partnership’s capital contributions by a partner, the cashing out of a partner, exchanging property with the partnership are all dealings that have a large tax impact. Recognizing the entity type and correct tax treatment the business or entity should apply is the first step in transaction tax planning. 

Other steps that may be included in tax planning for your business may include:

  • Business entity selection
  • Business mergers and acquisitions
  • Assessing capital investment opportunities

The firm can create a transaction planning strategy for you or review your current plan and apply the necessary plan for your business situation.

Tax Planning for Real Estate Transactions and Developers

In Nevada and Idaho there are considerable opportunities for tax savings for real estate developers and others whose financial interests are in the real estate market. The firm can help you understand tax code provisions with not only U.S. tax code, but state and municipal code concerning real estate transactions. In many situations developers and real estate firms may be able to utilize losses to offset tax obligations for years to come.

Jonathan Callister can to name a few, advise you on planning tools for:

  • Capital gains
  • Depreciation
  • Acquired property
  • Installment sales
  • Passive loss and credits

With Jonathan Callister and his considerable education and experience in tax planning you can feel confident your tax planning in the real estate field is a comprehensive plan taking all the advantages the law allows in Nevada and Idaho.