Our Tax Focus
Ledgewood offers clients experienced, sophisticated and comprehensive tax planning services.
Our Tax practice reaches into every sphere of federal income taxation, working with tax laws that are numerous, complex and frequently changing. We regularly advise clients on the tax aspects of corporate reorganization, acquisitions, spin-offs and other dispositions, joint ventures, financings and restructurings.
We offer clients experienced, sophisticated and comprehensive tax planning services. We assist in matters of tax credit deals, including historic, low-income and rehabilitation. We also handle tax issues related to master limited partnerships (MLPs), real estate investment trusts (REITs) and special purpose acquisition companies (SPACs).
We understand the high importance of tax considerations. These often determine the form, and occasionally the viability, of a transaction.
Our clients rely on our team approach to develop integrated strategies and solve problems in a cost-effective manner. By working across practice areas, we help clients take advantage of all available tax benefits and minimize tax liabilities and obligations.
Ledgewood’s Tax practice advises special purpose acquisition companies (SPACs) on tax issues related to the newly formed corporation and its’ acquisition of a private company. Frequently there are a large number of tax matters that must be addressed during the raising of capital in an IPO in anticipation of identifying and consummating a business combination.
We can help clients ensure the tax-free nature of the acquisition, and guide the SPAC sponsors through tax concerns as they arise.
Ledgewood’s Tax practice counsel real estate investment trusts (REITs) on matters related to tax structuring. We are seasoned working with the unique nuances involved in these types of transactions. From formation through public offerings to acquisition and divestiture of real estate investments, there are frequently significant tax issues.
We provide guidance on tax provisions as they relate to REITs to ensure their compliance with REIT requirements. In an ever-changing tax regulatory environment, we are familiar with the applicable laws and how they impact our clients.
Ledgewood’s Tax practice manages the tax aspects of master limited partnerships (MLPs) entity transactions, such as mergers, acquisitions, and follow-on securities offerings. We also routinely handle the extensive preparations and complex regulations necessary for MLPs tax reporting, including development of internal systems and the reporting of partnership allocations.
Having created MLPs for numerous clients, we are skilled at converting MLPs to corporate entities when the MLP no longer serves its intended purpose because industry or company fortunes reverse, tax rules change, or other conditions develop.
- tax-free spinoff of an energy company from its specialty finance parent, including obtaining a private letter ruling from the Internal Revenue Service
- acquisition of leasing companies and portfolios of leases
- acquisition of natural gas properties
- isssuance of billions of dollars of equity and debt securities in public, private and PIPE transactions
- public offerings of Special Purpose Acquisition Companies (SPAC) and analysis
- compliance analysis for publicly-traded REITS