Tax Opinions

Ohio Tax Lawyers: Tax Opinions and Private Letter Rulings

On May 18 2005, the IRS clarified the rules governing lawyers and accountants who practice tax law before the IRS, with the regulations taking effect on June 20, 2005.

These rules state that any written advice on any transaction whose purpose is the reduction, elimination, avoidance or evasion of any tax (including income tax, corporate tax, estate tax or gift taxes) must adhere to specific guidelines to protect the taxpayer from tax penalties as high as 40 percent. The opinion must be written by a tax practitioner “knowledgeable in all areas of tax law.” An opinion by an advisor without that background will not protect the taxpayer.

Authoritative Opinions from a Certified Tax Law Specialist

Attorney Stephen L. Robison, the founder of The Robison Law Firm, is a board-certified tax attorney and issues tax opinions to many clients on a variety of transactions and issues that may otherwise be “deal-breakers” because other parties will not indemnify against certain risks or assume the liability themselves. Our firm’s tax opinions give clients the protection and peace of mind that they need in the face of IRS scrutiny.

The Robison Law Firm also assists other professionals by providing tax opinions. As busy professionals, many attorneys and CPAs using our services can increase their capabilities in serving their clients, reduce their time spent researching topics without the assurance of arriving at the correct conclusion and lower their risk of malpractice as well as a new broad array of tax penalties imposed by the IRS on advisors.

When our firm provides legal services for the clients of other professionals such as lawyers and accountants, we are working on behalf of our professional partners. Our firm is dedicated to our relationship with our professional partners and we provide non-compete agreements guaranteeing our pledge to assist the professional by advising and representing their clients on behalf of the professional, not taking their clients away.

To learn more about how tax opinions, please contact an attorney at The Robison Law Firm in Cincinnati, Ohio, today.