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tax practice


Tax

Our tax expertise rivals that of any large firm, with unrivaled client service and lower rates. We handle tax structuring for corporations, limited liability companies, individuals, international operations and specialized entities, such as real estate investment trusts and hybrids.

Corporations. We have expertise in all aspects of corporate taxation, including formation, recapitalization, spin offs, equity and debt placements, and S Corporations.

Pass-Through Entities. VLP offers extensive experience and expertise in the taxation of partnerships, limited liability companies and other pass-through entities.

Executive Compensation. We advise regarding all aspects of executive compensation, including golden parachutes, qualified and nonqualified stock options, Section 83(b) issues, vesting, deferred compensation arrangements, Section 409A, employment agreements and other compensation issues.

M&A. VLP offers high-level tax advice for all forms of mergers and acquisitions.

Technology Transactions. We handle all tax aspects of technology transactions, including licensing, cost sharing and technology transfers.

International. We offer sophisticated planning to businesses and individuals with international circumstances. We structure U.S. investments and operations for foreign individuals and entities. We structure foreign investments and operations for U.S. individuals and entities.

Financial Transactions. We assist clients in structuring and analyzing sophisticated financial transactions, including sophisticated debt offerings and domestic and cross-border notional principal contracts (such as swaps, caps and floors), collars, options, futures and forward contracts, securities lending, repurchase contracts and other hedging transactions, including with respect to foreign currencies.

Real Estate. We advise with respect to all aspects of real estate, including like kind exchanges, property tax, leasing, affordable housing, FIRPTA, REITs and mortgages.

State & Local. VLP's state and local tax work includes planning and consulting with clients regarding issues such as corporate franchise and income taxes, sales and use taxes, real and personal property taxes, local business license taxes, gross receipts taxes, capital stock taxes, documentary and other transfer taxes, and personal income taxes. In addition, the firm regularly advises clients on the state and local tax implications of a wide range of acquisitions and corporate reorganizations, including multistate analyses of potential mergers, acquisitions and dispositions.

Tax-Exempt Organizations. We advise nonprofit clients with respect to federal and state tax-exempt organizations rules, including formation, reporting, private inurement, excess benefit transactions, joint venturing with for-profit partners and income from unrelated business ventures.

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Tax News



Option Reporting. Under recently-finalized regulations, when employees exercise incentive stock options ("ISOs"), companies must file returns reporting: (i) The name, address, and employer identification number of the corporation transferring the stock; (ii) If other than the corporation identified in paragraph (a)(1)(i) of this section, the name, address and employer identification number of the corporation whose stock is being transferred; (iii) The name, address, and identifying number of the person to whom the share or shares of stock were transferred pursuant to the exercise of the option; (iv) The date the option was granted to the person; (v) The exercise price per share; (vi) The date the option was exercised by the person; (vii) The fair market value of a share of stock on the date the option was exercised by the person; and (viii) The number of shares of stock transferred to the person pursuant to the exercise of the option. Also, the company must provide to the employee a written statement that includes the information described in the return.

The final regulations apply as of January 1, 2007. However, taxpayers are not required to comply with the return requirements of the final regulations for stock transfers that occur during the 2007, 2008 and 2009 calendar years. Notwithstanding the waiver of the return requirements for 2007, 2008 and 2009 stock transfers, taxpayers must furnish information statements to employees for such stock transfers.