Mr. Pace provides sophisticated tax and legal advice to businesses
and their owners. Below is a non-exclusive list of his practice areas:
Tax and Legal Services for C Corporations
• Drafting and evaluating purchase and sale
agreements • Mergers, acquisitions, divisions and other tax-free reorganizations • Gain exclusion for qualified small business stock •
Unreasonble compensation audits • Stock options, restricted stock and other executive compensation
issues • Obtaining private letter rulings • Handling
sales and use tax audits and appeals • Capitalizing vs. expensing items • IRS
and FTB appeals and audit support and US Tax Court • Apportionment, allocation and unitary
business matters • Net operating loss planning
Tax and Legal Services for Limited Liability Companies and Partnerships
• Entity structuring for business, realty
and intangible assets • Debt workouts, COD income exclusions, bad debt issues • Drafting and revising operating and partnership agreements • Partnership
conversions, mergers and dissolutions • Addding or removing members and partners • Forming and dissolving LLPs of lawyers and accountants •
Special allocations, guaranteed payments and distributions • Reverse and
forward like-kind exchanges • Involuntary conversion planning •
Property tax changes in ownership, exclusions and exemptions • Use of disregarded entities
and tenancies-in-common • Family limited partnership issues •
California LLC "gross receipts" fee
Tax and Legal Services for S Corporations
• Drafting and revising shareholder
agreements • Reviewing and evaluating one class of stock requirements •
Allocations, stock basis and debt repayments • Built-in gains tax planning •
Stock, asset and installment sales • IRC Section 338(h)(10) elections and tax costs •
Business bad debts and interest expense issues • Cancellation of indebtedness exclusions
and planning • Nexus, qualification to transact business and similar issues • Change
in accounting methods and periods • Independent contractor vs. employee issues
Tax and Legal
Services for Trusts and Estates
• Determining items of income in respect of a decedent • Reviewing distribution issues of simple and complex trusts • Evaluating
depreciation and administrative expense deductions • Handling parent-child exclusion
and other property tax issues • Evaluating trusts owning S corporation stock
• Planning for termination of trusts and estates
• Counseling regarding withholding obligations of trustees and executors
Tax and Legal Services for Individuals
• Passive activity loss, basis and at risk planning • Sale of principal residences • Capital gain planning • Minimizing FIRPTA, foreign source and state withholding •
Residency and source of income • Withholding and tax issues of litigation recoveries • Deduction of interest expense and itemized amounts • Martial
dissolution tax planning
555 Pier Avenue, Suite 4, Hermosa Beach, CA 90254 Phone: (310) 379-5805
