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Income taxes typically represent a partner’s single largest item of annual expenditure, and thus merit significant attention. An inadequate understanding of tax rules and their potential impact on personal goals and strategies, particularly in the periods around admission and retirement, could place assets and long-term financial plans at risk.
We help partners meet their individual income tax filing requirements, and identify tax saving opportunities, while reducing the administrative burden on the partners as well as the legal firm itself. Important elements of our partner tax services include: