Tax Practice Group

Perkins Thompson’s Tax Practice Group has a wealth of experience in representing its clients on a variety of tax issues.  We regularly assist individuals, businesses, and trusts on a broad spectrum of federal and state tax issues, and pride ourselves on creating cost-effective and practical solutions to complex tax problems.

Services Provided

Offering a full range of tax advice, we advise clients about individual, fiduciary, partnership and corporate income tax, sales and use taxes, local property tax issues, and issues involving specialized Maine state tax programs such as sales and use tax, real estate transfer taxes, petroleum and special fuels taxes, and tobacco taxes. To provide our clients with the best possible tax advice, we work with clients’ accountants and other tax professionals to help our clients achieve their individual tax and business planning goals. We also represent clients in a wide-range of disputes before federal, state, and local tax authorities, including income and estate tax audits appeals before the Internal Revenue Service and Maine Revenue Service, state sales and use tax audits, and other specialized state tax issues pending with the Maine Revenue Service, and local property tax abatement appeals. In collaboration with our Nonprofit Organization Specialty Practice, we provide counsel to charitable organizations regarding obtaining, and maintaining, federal tax exempt status and state property tax exempt status and advise our nonprofit organization clients regarding the tax implications of their day-to-day operations, such as with regards to unrelated business activities, executive compensation issues, and excise taxes. In addition to our extensive tax knowledge and experience, we offer our clients an interdisciplinary approach, frequently working with other practice groups to collaborate efficiently on challenging tax issues, such as mergers and acquisitions, partnerships, and commercial lending.  Our tax attorneys have also been designated expert witnesses in a variety of federal and state cases involving tax matters.

Recent Representative Matters

Examples of matters we have recently handled include:

  • Advised non-profit client with regards to the unrelated business activities implications of its operation activities
  • Represented a client with regards to entering into an installment agreement with the IRS for outstanding tax liabilities
  • Drafted employment compensation agreement including structuring loan forgiveness plan and deferred compensation
  • Advised clients regarding tax aspects of investments in Limited Partnerships and Limited Liability Companies
  • Advised non-profit clients on applying for 501(c)(3) tax-exempt status as a public charity, private foundation or private operating foundation