Tax Law
Boca Raton Tax Lawyer
Peter P. Lindley, P.A. is a transactional tax lawyer in Boca Raton, FL, who assists businesses and individuals with federal tax planning and compliance. Mr. Lindley helps clients structure their businesses in tax-efficient ways to reduce liability under U.S. income tax law. He advises real estate investors and developers on strategies for purchasing, holding, and disposing of property in a way that complies with federal, state, and local tax requirements while minimizing tax burdens.
Whether you’re starting a business or managing a growing enterprise, Peter P. Lindley, P.A. can help you lawfully reduce your tax liability through proper entity formation, transaction planning, and ongoing compliance. With a deep understanding of business taxation, including corporate, partnership, and entity-level tax issues, Mr. Lindley offers clients a proactive approach to tax strategy and defense.
Why Work with a Tax Lawyer?
As Judge Learned Hand famously stated: “There is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible.” Mr. Lindley embodies this philosophy, working with clients to lawfully mitigate taxes by applying the full extent of the law. He offers legal counsel throughout the business life cycle, ensuring business structures and transactions are optimized from a tax perspective.
Many new business owners are unaware of how much tax efficiency can be built into their operations from the outset. Mr. Lindley can help businesses reduce tax liabilities through thoughtful planning, documentation, and execution.
1031 Like-Kind Exchanges
For real estate investors, Mr. Lindley advises on the use of Section 1031 exchanges to defer capital gains taxes. This strategy allows investors to sell one investment property and purchase another like-kind property, deferring tax on the sale. However, 1031 exchanges involve strict rules, including timelines, escrow requirements, and property qualifications.
For example, replacement property must be like-kind to the one sold, and sale proceeds must be held by a qualified intermediary—not the taxpayer. These rules are rigid, and mistakes can result in the loss of tax deferral benefits. Mr. Lindley helps clients structure compliant exchanges and even advises on long-term tax avoidance strategies, such as step-up in basis at death.
Lawyer vs. CPA: Which Do You Need?
While CPAs assist with accounting and tax preparation, a tax lawyer like Mr. Lindley offers legal guidance on tax law interpretation, business structuring, and IRS disputes. He is both a lawyer and a former CPA, giving clients the advantage of a truly interdisciplinary perspective on tax strategy. Additionally, he assists clients not only with avoiding legal pitfalls but also with maximizing available tax benefits through strategic planning in real estate, business transactions, and long-term investments.
IRS Audits and Tax Disputes
If you’re facing an IRS audit or dispute, Mr. Lindley can represent you and protect your rights. From responding to audit requests to defending clients in court, he offers clear, experienced legal representation in high-stakes tax matters.
Preventative planning is key. Contact Peter P. Lindley, P.A. in Boca Raton, FL, to create a lawful tax strategy and avoid costly surprises down the line.
Call our Tax Lawyer in Boca Raton Today
Peter P. Lindley, P.A. is a Boca Raton transactional tax lawyer who can help you with your federal business tax challenges. Peter P. Lindley, P.A. helps clients structure their businesses to help them develop U.S. income tax-favorable structures for conducting their business models. If you are a real estate developer or investor, Peter P. Lindley can help you lawfully structure tax efficient approaches in planning your real estate investments, purchases and dispositions. We can help you understand your federal, state, and local tax obligations and help you to avail yourself of lawful approaches. If you have questions about corporate, partnership or other entity taxation issues, reach out to the Boca Raton tax lawyer at Peter P. Lindley, P.A. today.
How Can a Boca Raton Tax Lawyer Help Me?
“Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.”
Judge Learned Hand, Helvering v. Gregory, 69 F.2d 809, 810-11 (2d Cir. 1934).
“Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.”
Judge Learned Hand Commissioner v. Newman, 159 F2d 848 (1947)
Your Boca Raton tax lawyer can counsel you at various stages of business development and growth to facilitate opportunities to realize lawful tax benefits with a view toward lawful mitigation of applicable federal tax liabilities. How you structure your business will involve federal income tax implications. New business owners may not realize that proper business structuring can result in federal income tax efficiencies down the line. If you are launching your small business, or already have a business and are looking to structure your operations and transactions to take advantage of lawful strategies to t your tax liability, the Boca Raton tax lawyer at Peter P. Lindley, P.A. can help. It can be difficult to stay abreast of tax laws, and it can be challenging to know which actions can result in tax benefits for your corporation or business. A Boca Raton, Florida tax lawyer can help you.
How Does a 1031 Exchange Work?
If you invest in real estate, a properly structured Internal Revenue Code (the “Code”) section 1031 like-kind exchange might be able to help you defer capital gains taxes. If you own a business or investment property, you can sell the property, and purchase another similar property, while delaying the current payment of capital gains taxes realized on the property you sell. A tax-deferred section 1031 like-kind exchange has many moving parts. For example, money received on the sold property must remain in escrow with a third-party qualified intermediary and cannot under any circumstances be received into an account over which you or your lawyer have dominion and control. For a 1031 exchange to be respected by the IRS the property being purchased (i.e., the “replacement property”) must be of a “like-kind.” Under section 1031 of the Code, properties are considered of a “like-kind” “if they are of the same nature or character, even if they differ in grade or quality.” Examples of like-kind properties under section 1031 include the sale of an apartment building for another apartment building, as well as the sale of the investment apartment building in exchange for land that the taxpayer plans to develop. Real estate investors can make an unlimited string of section 1031 exchanges, and only be taxable on built-in gain, if at all, when they eventually dispose of the property in a terminating non-1031 disposition transaction. It is possible under present applicable tax law to completely avoid realization of built-in gain where the replacement property is held at the time of an individual taxpayer’s death whereupon he or she would get a “step-up” in federal income tax basis in the property to its date of death fair market value, thus shrinking the carried-forward, deferred gain to nothing, thereby lawfully avoiding recognition of tax on the investment in the property.
Section 1031 exchanges are prescriptive and the rules must be absolutely complied with; accordingly, since that federal income tax law is complicated, it is prudent to consult with a tax lawyer should you wish to utilize this tax strategy. There are situations where you still may need to pay tax. For example, if you’ve taken depreciation on a property and then sell that property for another type of property, the depreciation you deducted in respect of the property could be considered taxable income. Section 1031 like-kind exchanges are subject to compliance with exacting time limits. There is a complex both of restrictions and limitations for a taxpayer to be in compliance with section 1031. If you are contemplating utilization of a 1031 like-kind exchange as a federal income tax deferral strategy, you would be prudent to speak to the Boca Raton tax attorney at Peter P. Lindley, P.A. Peter P. Lindley would be available to help you navigate the sale and purchase of investment property as part of your larger investment strategy to help you lawfully keep your federal income tax liability to its reasonable minimum.
Recounting the famous words of the eminent scholar, Judge Learned Hand, “… nobody owes any public duty to pay more [taxes] than the law demands…”
Do I Need a Lawyer or a CPA to Help Me with My Business Taxes in Boca Raton, Florida?
Tax lawyers and CPAs handle different types of business tax matters. A CPA can help you with your business accounting, tax preparation, help you take permitted deductions, and assist you with reducing your tax liability. A tax lawyer can represent you in court if you are facing issues with the IRS and help you understand how tax laws can reduce your liability. Furthermore a tax lawyer can help you with business structure and transactions to help you reduce your tax liability. A tax lawyer can also interpret tax law and defend you if you are facing a tax issue. Peter P. Lindley, P.A. is a tax lawyer who is also a CPA, meaning Mr. Lindley can offer clients an interdisciplinary approach to their tax strategy. By applying both an accounting background and a tax law background to business tax law matters, Peter P. Lindley, P.A. can help clients navigate the best path forward when it comes to business taxes. Whether that means structuring your business or business transactions in such a way as to reduce your tax liability, or it means representing you in court should an issue arise with the IRS, Mr. Lindley is here to help. Ideally, Mr. Lindley works with clients early on in their business development or investment life-cycle to help them avoid issues down the line.
A business tax lawyer in Boca Raton can help you navigate real estate investments, business purchases, business sales, and other investment to help you manage your tax liability. If you have questions about your next move, and are concerned about business taxes, reach out to the tax attorney in Boca Raton, Florida at Peter P. Lindley, P.A.
Helping Clients Navigate Complicated Tax Issues in Boca Raton, Florida
Facing audit by the IRS can be incredibly stressful. The Boca Raton, Florida tax lawyer at Peter P. Lindley, P.A. can help you navigate every step of the tax audit, and even represent you in court to defend your rights and innocence. If you are being audited by the IRS, you could face significant tax liability and other issues. The Boca Raton, Florida tax lawyer at Peter P. Lindley, P.A. is here to help.
Prevention is the best strategy. If you want to reduce business taxes, reach out to Peter P. Lindley, P.A., a Boca Raton tax lawyer today.
How Can I Contact a Boca Raton Tax Attorney?
The Boca Raton, Florida tax attorney at Peter P. Lindley, P.A. can be reached at 561-210-8604. Our tax attorney can help you with business transactions, business structuring, and business tax matters. If you are facing a tax audit, our Boca Raton tax attorney is here to help you navigate the process.
Our Office
Peter P. Lindley, P.A.
1200 North Federal Highway, Suite 200
Boca Raton, FL 33432-2813
Phone (561) 210-8604
Our location
How Can I Contact a Business Lawyer in Boca Raton, FL?
The Boca Raton, FL, business lawyer at Peter P. Lindley, P.A. can be reached at (561) 210-8604.
Business owners are busy—we get it. We offer after-hours services to help them get the legal and business counsel they need. Contact Peter P. Lindley, P.A. today to take the next step in growing and protecting your business. Whether you need help with business formation, business growth, an exit strategy, or succession planning, we are here to help.