Certified to Practice Tax Law Before the U. S. Tax Court, All Colorado Tax Courts and Tax Courts in the City and County of Denver and our firm works with numerous CPA’s to assist YOU!
Hiring an attorney to represent you before the IRS and other tax agencies comes with certain rights and privileges that other tax professionals cannot offer. Namely, you are protected under the Attorney-Client Privilege. This Privilege protects any communication between you and your attorney rendering it confidential. Unlike other tax professionals, attorneys cannot be forced to disclose confidential matters to the IRS or any other adversarial party. This Privilege becomes crucial if litigation should be necessary to your case. Importantly, the Attorney-Client Privilege also provides a highly safe and secure environment for you to divulge any information that may be relevant to your case without compromising your privacy in any way, shape, or form, unlike certified public Accountants and enrolled agents.
Attorney E Christopher Lang P.C. has advanced degrees in accounting and taxation law. He constantly updates his knowledge through continuing legal education. His extensive education and cross-disciplinary training allows him to perform a comprehensive examination of your entire tax situation and identify the best way to resolve your particular tax problem.
We are trained negotiators that present your case to the tax authorities in the most advantageous manner possible. The strategic manner in which your tax case is presented to the tax authorities may be crucial to successful resolution. Our education and experience have resulted in expert negotiating skills that we put to work when dealing with the tax authorities on your behalf. We construct an overarching theory behind your tax issue and present your case persuasively utilizing only the most salient facts. This strategic approach offers our clients a clear advantage when resolving their tax problems.
Capital Gain Taxes: Are taxes on the appreciation in value of an asset. Common assets that are subject to this are Real Estate, Stocks and Bonds. The appreciation is currently taxed at 15% or 20%.
Step Up In Basis: If an asset passes to the beneficiary via Will, Trust or through intestate probate the beneficiary will take the asset at its fair market value as of the date of death of the decedent. This then avoids capital gains taxes.
Gifting: A person is allowed to gift up to $14,000.00 per year per person without any tax consequence. This figured is tied in with inflation and periodically increases.
Lifetime Gifting: One is allowed to give away up to five million dollars during their lifetime without paying any tax. Said amount reduces your unified credit as does any gift in excess of $14,000.00.