Tax Matters

O'Reilly Rancilio's Michigan real estate and business law attorneys counsel clients and structure transactions in the most tax beneficial manner for the client, oftentimes coordinating with the client's accountant. Almost all business transactions involve tax issues which may affect the business involved in the transaction and the owners of such business.

Our lawyers address tax matters such as recognizing capital gains instead of ordinary gains, achieving greater depreciation deductions, qualifying for 1031 tax free exchanges, structuring tax free reorganizations, structuring of entities to minimize taxes to the owners, and filing of proper paperwork in transactions to avoid tax penalties and fines.

Our Latest News & Articles
Six O'Reilly Rancilio Attorneys Named to Peer-Selected Super Lawyers List for 2024
Six O’Reilly Rancilio attorneys have made the peer-selected Super Lawyers lists. Each year, no more than five percent of the lawyers in Michigan are selected by the research team at Super Lawyers to receive this honor. Nearly 50,000 attorneys a… Read More
FTC Ban on Non-Compete Agreements Set Aside Nationally
The Federal Trade Commission’s (FTC) “Final Rule”, which would have banned certain non-compete agreements beginning on September 4, 2024, has been indefinitely set aside. On August 20, 2024, the U.S. District Court for the Northern District of… Read More
The Corporate Transparency Act to Continue In Full-Effect as the End of 2024 Nears
As we approach the end of 2024, the deadline for nearly 32 million companies to comply with their reporting obligations under the Corporate Transparency Act (CTA) is right around the corner. As we first reported at the beginning of this year, the CTA… Read More
Lori K. Smith joins Board of Directors
Lori K. Smith, a resident of Macomb County, has joined the Board of Directors at O’Reilly Rancilio. Ms. Smith joined O’Reilly Rancilio on April 1, 2022 and focuses her practice on Family Law. After graduating from Utica High School, Smith earned… Read More
Alyssa Ericson Named Firm Shareholder
The Firm is pleased to announce that Alyssa M. Ericson has been named a Shareholder of the Firm. Alyssa has been with the Firm since 2019 and concentrates her practice in the areas of general civil litigation, municipal litigation, ordinance and misd… Read More
Before Naming A Successor Trustee, Make Sure to Get Consent
One of the most important decisions when drafting a trust is deciding who will serve as the successor trustee, which is the person or institution who takes over management of the trust when the trustor (the creator of the trust) has died or has becom… Read More
Is the Federal Government One Step Closer to Rescheduling Cannabis?
Last year, the U.S. Department of Health and Human Services (HHS) submitted a report to the Drug Enforcement Agency (DEA) advising the federal government to reschedule marijuana as a Schedule III substance under the Controlled Substances Act (CSA). T… Read More
What is the DOL's Final Rule Regarding Independent Contractors?
The U.S. Department of Labor (DOL) recently announced a final rule to help employers properly classify workers as either independent contractors or employees under the Fair Labor Standards Act (FLSA). The rule, which went into effect on March 11, 202… Read More
What Can Small Business Owners Learn About AI from the TikTok and Universal Music Group Dispute?
TikTok’s high-profile contract dispute with Universal Music Group (UMG) highlights how the use of Artificial Intelligence (AI) is impacting the business community. What can small business owners learn about AI from the dispute? With its vast databa… Read More
What is a Cottage Succession Plan?
Estate Planning: Cottage Succession Plans According to Travel & Leisure, Michigan ranks as one of the top states to own a vacation home. While many families have undoubtedly made memories along the fresh-water shores and wooded trails, what happe… Read More