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Tax

The Goulston & Storrs Tax group is an integral part of the firm's transactional team. When it comes to getting a complex transaction consummated in a manner that accomplishes our client’s business objectives, our tax advisors pride themselves on being part of the solution. Members of the Tax Group have the necessary expertise and practical experience to propose alternative structures that enhance the tax efficiency of a transaction without compromising its business objectives. The addition of our Director of Tax Accounting, who is trained as a certified public accountant and is not an attorney, expands the breadth of our tax practice to include the financial analysis of the tax and business advice we provide. Each of our tax professionals also has significant non-tax expertise in areas such as corporate law, real estate law, partnership law, limited liability company law, international law and estate planning. Consequently, Goulston & Storrs tax attorneys are generally involved in drafting transactional documents to implement the solutions that they propose. The result of this high level of integration between tax advice and its implementation is an exceedingly, practical and goal-oriented approach that facilitates the negotiation and consummation of transactions.

The members of the Tax Group work closely with the members of our Corporate, Real Estate, Private Client & Trust and Litigation Groups in serving the needs of our clients from whatever type of transaction or situation may arise. Our tax professionals, comprising highly experienced attorneys, our Director of Tax Accounting and legal assistants, provide tax and business advice in connection with business formations and transactions, real estate transactions, structuring of international transactions and operations, individual income tax planning, income tax aspects of estate planning, business succession and wealth transfers, tax-exempt organizations, affordable housing tax incentive programs, executive compensation plans and employee benefit plans (including the ERISA aspects of those plans).

Goulston & Storrs attorney, Steve Schneider, authors an electronic newsletter covering tax-related topics called TaxRoundup. To receive these alerts, please click here.

Representative Projects and Transactions

International Planning

As international borders continue to break down from the perspective of business transactions and operations, Goulston & Storrs clients are increasingly looking for new markets for their products, new resources to support their business objectives and foreign and United States-based partners to participate in international joint ventures and strategic alliances. The members of our Tax Group have the necessary expertise to help clients understand the tax opportunities and pitfalls of cross-border investments and operations and to structure both in-bound and out-bound transactions in a manner that facilitates the goal of reducing international transaction costs. These transactions require an in-depth knowledge of the interpretation and application of bilateral income tax treaties, the effective use of entities organized in tax haven jurisdictions, domestic and foreign entity selection, the tax treatment of instruments denominated in foreign currencies and the effective use of foreign tax credits to minimize overall tax costs on a global basis. Whether our clients are doing business “across the pond” or exploring opportunities “south of the border", our Tax Group stands ready to help them successfully balance United States and foreign tax considerations to maximize the efficiency of the operation as a whole.

Tax-Exempt Entities

Goulston and Storrs is actively engaged in assisting non-profit organizations with respect to tax issues, both general tax issues and transactionally oriented issues. We represent many non-profit housing organizations, health care organizations, hospitals, community development corporations and other charitable organizations such as Oxfam America. Our services include advice with respect to achieving and maintaining exempt status, advice with respect to joint ventures with for-profit partners, including preparation of partnership agreements and limited liability company agreements, advice with respect to unrelated business income and how to avoid it and various other matters within the scope of representing non-profit organizations.


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