Tax Planning

Project Based Tax Planning in Florida

Some transactions only happen once. Getting the tax structure right before you act can mean the difference between keeping your gains and giving most of them away.

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Florida Bar Member | LLM in Taxation | Serving All of Florida | Free Discovery Call

The Foundation

What Is Project Based Tax Planning?

Project based tax planning is the strategic structuring of tax positions for a specific transaction or business event before it occurs. Whether you are selling a business, acquiring real estate, completing a 1031 exchange, making a large capital investment, or restructuring your entity, the tax decisions you make before the transaction closes determine your outcome.

Once the transaction is done, the window closes. Project based planning keeps it open.

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Watch: How Tax Planning Works Before a Transaction

Why Timing Matters

Why Timing Is Everything in Tax Planning

Tax elections and structures must generally be put in place before a transaction. The IRS does not allow retroactive elections for most major tax positions.

If you sell your business, convert your entity, or make a large investment and only call a tax advisor after the fact, your options are limited. We work with you before the deal closes, before the entity converts, and before the year ends, which is when the planning actually matters.

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No retroactive elections for most major decisions

Entity conversion timing controls your tax exposure

1031 exchange identification windows are strict and cannot be extended

Capital gain vs ordinary income treatment depends on structure chosen before the event

The IRS audits transactions, not relationships, act on the structure before the transaction

What You Get

How We Help

Transaction-Specific Strategy

Every deal has a different tax profile. We analyze yours and build a plan that fits the transaction, not a generic template.

Entity and Election Coordination

The right entity and tax election for your transaction can eliminate or defer significant tax. We identify and implement these before you close.

Capital Gains Management

Whether through installment sales, opportunity zone investments, 1031 exchanges, or charitable structures, we coordinate your gain recognition strategy.

Cost Basis Planning

Establishing the right cost basis before a sale or transfer protects your heirs and your future tax position on subsequent transactions.

Multi-Year Tax Impact

A transaction in year one can affect your tax bill in years two, three, and beyond. We project the full picture before you act.

Flat Fee for Defined Scope

Project based planning is priced as a flat fee tied to the transaction. No hourly billing, no surprise invoices after the deal closes.

Natalia Ouellette-Grice, Tax Planning Attorney

Why LCO Law

We Plan the Transaction Before You Sign

Most advisors review what happened. We work on what you should do before the deal closes so the tax result is part of the plan, not a surprise after it.

We review the transaction structure, not just the transaction price
We coordinate with your CPA and closing counsel to make sure the plan is executed correctly
We identify elections that must be filed before the return due date
We draft any necessary agreements, amendments, or conversion documents
LLM in Taxation means we understand the federal tax code at the level the transaction demands

Common Questions

Project Based Tax Planning FAQ

What kinds of transactions benefit from project based tax planning?

Business sales and acquisitions, entity conversions, 1031 exchanges, real estate development projects, large capital investments, trust formations related to business transfers, and any event where the structure you choose before closing determines your tax exposure.

How far in advance do I need to engage you before my transaction?

As early as possible. Some elections require action months before closing. At minimum, contact us as soon as you know a transaction is likely, not after it is signed.

Can you work alongside my existing CPA?

Yes. We coordinate with your CPA, your closing attorney, and any other advisors. Our role is the tax planning layer that sits between the transaction and the return.

What if I already closed the transaction without planning?

Some after-the-fact strategies exist for minimizing future tax impact, but the window for the most valuable elections is closed. Contact us early on your next transaction.

Is this service only for large transactions?

No. We have helped clients structure transactions as small as a single rental property and as large as a multi-entity business sale. The flat fee scales to the complexity of the deal.

Ready to Get Started?

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Meet with our team to discuss your transaction and find out what planning opportunities are still available to you. No pressure, no obligation.

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