Presenting- Pass-Through Entities and Personal Income Tax: A Focus on Numbers and People
Milan Slak, a Member of the firm, focuses his practice on all areas of taxation, business law, and estate and succession planning.
A licensed Certified Public Accountant, Milan focuses on achieving client goals in a tax efficient manner. He handles corporate, partnership, individual, and international taxation matters, as well as addressing tax issues and resolving tax disputes with the Internal Revenue Service and state governmental taxing authorities. He works closely with clients to design and advise on tax planning initiatives and transactions involving federal and state tax law; mergers and acquisitions; capital investment; corporate, limited liability company, and partnership structuring; operation, reorganization, and termination; the use and taxation of trusts; and estate and succession planning for owners of closely held businesses and franchise owners.
Milan assists in the formation and organization of business entities, including S corporations, C corporations, limited liability companies, and partnerships. He works with clients to properly structure the governing documents for these entities. He interprets pre-existing governing documents to assist clients understand their rights and obligations to roles they have in the business.
Milan also works with clients to design and implement estate, succession, and gifting plans and strategies. He drafts estate planning instruments, including wills, lifetime testamentary trusts, durable powers of attorney, and advance directives for health care. He handles all aspects of estate administration including probate, preparation of fiduciary income tax returns, estate tax returns, and inheritance tax returns. He helps clients take maximum advantage of available investment tax credits and other tax incentives, especially in the area of solar and other renewable energy projects.
Milan has represented taxpayers in obtaining private letter rulings from the Internal Revenue Service in such matters as inadvertent S election terminations, late portability elections for estates of decedents, and application of the generation skipping transfer tax exemption to lifetime gifts.
Milan has been frequent speaker at local and national conferences on topics including choice of entity, capitalization structure, tax provisions of recent federal tax legislation, and the taxation of S corporations, limited liability companies, and partnerships. Milan also speaks locally on topics including taxation and estate planning, and conducts regular Continuing Professional Education for certified public accountants.