Business Tax Planning
Maxine Aaronson handles all aspects of tax planning for businesses, including rendering advice on startup operations, financing, ownership changes, taxable and tax free acquisitions, reorganizations, spin-offs, split-ups, liquidations, dispositions and terminations of businesses. The scope of her work includes analyzing the tax consequences of proposed transactions, developing tax efficient strategies, rendering tax opinions, developing executive and professional compensation arrangements, and planning for the eventual transfer of the business to the younger generation or to outside buyers upon the retirement of the original owners.
Individual Tax Planning
Ms. Aaronson works with affluent individuals to help them meet their personal financial objectives in the most tax advantagous way. Working closely with the client’s other professional advisors, she maximizes opportunities to preserve family wealth. Maxine Aaronson uses a mix of partnerships, limited liability companies, corporations, and trusts in planning for the management and transfer of personal wealth. She assists her clients with stock redemptions and corporate and partnership reorganizations, as well as charitable giving, individual tax planning, and the planning for the protection of pre-marital wealth by designing appropriate marital agreements. Ms. Aaronson also advises clients on issues arising from the taxation of lawsuit damages, the imposition of the alternative minimum tax, capital gains tax planning, like-kind exchanges, stock options and deferred compensation issues.
Charitable and Other Tax Exempt Organizations
Ms. Aaronson represents clients on all tax issues associated with forming, expanding, operating and winding-up tax-exempt organizations. She is adept at obtaining federal, state and local tax exemptions for religious, charitable, educational and other organizations. Maxine Aaronson also advises tax-exempt organizations involved in joint venture and partnership arrangements with taxable organizations, and counsels private foundations, charitable trusts and other exempt organizations regarding unrelated business taxable income, intermediate sanctions and other excise taxes, as well as federal and state compliance issues.
Employee Benefit Plans and Accounts
Ms. Aaronson advises business and individual clients with respect to all types of qualified plans, Individual Retirement Accounts and other similar tax-deferred arrangements, including rabbi and secular trusts, VEBAs, stock options, SARs, and severance plans. Ms. Aaronson also advises on health, accident and life insurance plans, Health Savings Accounts, COBRA and HIPPA issues. She assists in the selection, drafting and adoption of plans for her clients and advises plan fiduciaries about ongoing administration issues, including helping them with the correction of any operational errors.