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Taxation

Providing trusted expertise to help businesses navigate the complex world of tax obligations.

Buckingham’s experienced Taxation Group helps clients tackle federal, state, and local tax issues. From completing the sale or acquisition of a business to structuring real estate investments, our team ensures clients receive creative and cutting edge advice consistent with their business objectives. We work with business owners, CFOs, and investors to operate in the most tax efficient manner and maximize tax savings without compromising the overall business plan. Additionally, we regularly defend taxpayers in controversies with the Internal Revenue Service and state / local tax authorities. Buckingham’s top priority is to tailor tax planning initiatives to align with core business objectives, while sparing avoidable expenses and positively impacting the bottom line.

Areas of Representation

As a component of our Business Group, our Taxation practice specializes in business tax
planning, tax disputes and controversies, investigations, and more. Our team has experience in
handling the following types of cases:

  • Tax Exempt Organizations & Foundations
  • State & Local Tax

Taxation: Transactional Structuring

  • Business Succession Planning
  • Choice of Business Entity (regular and S corporation, general/limited partnership, limited liability company or proprietorship)
  • Joint Ventures
  • Like-Kind Exchanges
  • Mergers and Acquisitions [linked to M&A page]
  • Reorganizations
  • Private Letter Ruling Requests
  • Sales of Business Interests, Real or Personal Property
  • Sales/Use Tax Minimization (Ohio and Multistate)
  • Multistate Nexus
  • Tax Credits and Economic Development Incentives

Taxation: Tax Controversies

  • Administrative Appeals
  • Audits (federal and state income, excise, estate and gift taxes, state sales / use, property and franchise taxes)
  • Criminal Tax Investigations
  • Litigation in State and Federal Courts including United States Tax Court, Federal Court of Claims, Ohio Board of Tax Appeals and Ohio Supreme Court
  • Real Property Tax Appeals
  • 4861-4209-8370, v. 1

Taxation FAQs: Your Questions Answered by Our Legal Team

What is the new tax law in Ohio?

Once fully phased in for 2024, there will be two tax brackets in Ohio. The highest rate will be 3.50%, and taxpayers earning $26,050 or less will be exempt from paying Ohio income tax.

What Should I Do If My Business Is Audited?

If your business is audited, it’s essential to handle the situation promptly and carefully to ensure compliance with tax laws and minimize potential penalties. Contact our team of knowledgeable, experienced taxation attorneys to get started.

  • What is the new tax law in Ohio?

    Once fully phased in for 2024, there will be two tax brackets in Ohio. The highest rate will be 3.50%, and taxpayers earning $26,050 or less will be exempt from paying Ohio income tax.

  • What Should I Do If My Business Is Audited?

    If your business is audited, it’s essential to handle the situation promptly and carefully to ensure compliance with tax laws and minimize potential penalties. Contact our team of knowledgeable, experienced taxation attorneys to get started.

Meet Our Tax Attorneys

At Buckingham, our team of expert taxation lawyers understand, consider, and work to protect against potential damages inflicted by a reputation ruined due to false statements. Meet our team of taxation lawyers.

Articles and Resources

Law360: Security Co. Disputes ADT Fee Sourcing In Ohio High Court

3 min read

Law360: Security Co. Disputes ADT Fee... Originally published on Law360 on April 28, 2020.  | PDF Download available by clicking here. Watch the oral argument...
OSCPA: A Closer Look at Wayfair v. South Dakota (Podcast)

< 1 min read

OSCPA: A Closer Look at Wayfair v. So... Listen to the Ohio Society of CPA podcast “A Closer Look at Wayfair v. South Dakota”      ...
WKSU.org | Cincinnati Reds Make Their Case to Supreme Court Over Free Bobbleheads

< 1 min read

WKSU.org | Cincinnati Reds Make Their... Cincinnati Reds Make Their Case to Supreme Court Over Free Bobbleheads Published on WKSU.org By KAREN KASLER June 13,...