Taxation

Potter Anderson & Corroon has a sophisticated federal, state, and local tax practice.  The attorneys who practice in this area are skilled in representing clients before the Internal Revenue Service as well as local and state departments of revenue in the State of Delaware and the Commonwealth of Pennsylvania.  This includes the protest procedures available to taxpayers contesting tax assessments as well as formal and informal procedures available to taxpayers who wish to obtain binding rulings regarding specific tax issues.  The attorneys in this area have significant experience in all substantive areas of federal, state, and local taxation, including income taxes, franchise taxes, licensing taxes, excise taxes, transfer taxes, utilities and telecommunications taxes, and property taxes.  In addition to traditional planning and analytical services, the attorneys in this area also render third-party legal opinions.

Potter Anderson & Corroon's  tax attorneys also provide comprehensive representation to tax-exempt organizations, charitable entities and foundations and social service agencies.  Our services to nonprofit organizations begin at formation where our attorneys guide and assist in organizing the entity and obtaining recognition of tax-exempt status.  Once formed, or for already existing entities, our attorneys furnish advice on a wide variety of subjects, including compliance with tax laws affecting non-profits, filing and disclosure of tax returns, substantiating and/or reporting of tax-deductible contributions, compliance with restrictions on lobbying and political activities, unrelated business income tax, excess benefit transactions, fiduciary obligations of directors and trustees, and special benefit plans and compensation arrangements applicable in the nonprofit area.