Tax Compliance

Payroll Tax Problems
Xcel Law Group can help you protect your business when you have a problem with the IRS. Failure to pay payroll taxes can result in significant penalties which can pose a serious threat to the financial health of your business. Be aware, if the IRS determines your business is not able to pay, you may be held personally liable for the debt. We can help keep your business solvent, advise you on managing the liability until paid, and help avoid personal liability.

Tax Planning for Real Estate Developers and Investors
Real estate developers face unique tax problems with the development of real estate. This is why it is important to retain a real estate lawyer. A successful development can result in the tax liability being one of the largest development expenses. Development can also create problems with phantom income, in which income is earned as a development is sold out yet all of the cash proceeds must be used to pay down bank loans, leaving nothing for taxes. Excel Law Group has creative tax planning ideas to help real estate developers reduce their federal income tax liability.

Real estate investors also face unique tax problems from the sale of real estate. Excel Law Group has successfully implemented tax savings programs to reduce or eliminate the resulting income tax from the sale of real estate.

Real estate investors can also benefit from utilizing a Section 1031 exchange, where property that is sold is replaced with new property without the payment of tax on the sale of the first property. Excel Law Group has extensive experience implementing Section 1031 exchanges on behalf of their clients.

Tax Planning for Non-U.S. Citizens
The United States taxes foreign investors in United States assets under a complex set of rules set forth in the Internal Revenue Code. Proper planning can reduce or eliminate many of these taxes for foreign investors.

If you are a nonresident alien or are about to become a United States resident and are considering making an investment in United States assets, Excel Law Group can show you how to reduce the incidence of United States income taxes.