PRACTICES

Tax Law

Contact Us
Vermont tax attorney

Tax lawyers focused on minimizing tax liabilities.

Minimize liabilities. Maximize profit. Maintain practical operations. Our tax attorneys will provide you with creative and practical solutions to resolve federal, state and local tax issues and to minimize tax liabilities.

Our years of experience and rate of success at resolving Federal and Vermont state and local tax controversies is unparalleled. We represent our clients in a wide range of sophisticated transactions and create structures that are not only tax-efficient but also practical for the client’s business and goals.

Our tax team provides support for:

  • Mergers and acquisitions
  • Federal and state tax credits
  • State and local tax (“SALT”)
  • Executive compensation
  • Partnerships and other pass-through entities
  • Captive insurance
  • Tax-exempt organizations
  • Foreign investment and reporting

Recent Tax Law Accomplishments

  • Represented New England bank in historic tax credit and low-income housing tax credit transactions.
  • Successfully advocated for the exclusion of local corporation from inclusion in unitary group of AIG. See AIG Insurance Management Services, Inc. v. Vermont Department of Taxes.
  • Convinced Vermont Department of Taxes it was incorrectly applying a nonprofit exemption to the Rooms and Meals Tax and, working with the Legislature, helped revise the existing statute to confirm application of the exemption in accordance with our view of the law.
  • Successfully convinced the Vermont Department of Taxes that a partnership restructuring did not trigger taxable cancellation of indebtedness income.
  • Recently negotiated for reduction in assessed real property tax value for four commercial properties. one by 50% resulting in annual savings in excess of $1 million.
  • Negotiated for withdrawal of assessment for multi-state timber company based on improper application of apportionment rules by Vermont Department of Taxes.
  • Represented Developers Utilizing More Than $200 million of New Markets Tax Credits.
  • Developed Synthetic Rollover Program for key employees following change of control which allowed employees to defer recognition of transaction bonuses.
  • Helped start-up take advantage of opportunity zone and Section 1202 tax benefits to attract new investors.
Director Wm. Roger Prescott

Wm. Roger Prescott

Chair

Read More arrow_forward
Attorney Shannon Lenzini

Shannon Lenzini

Director

Read More arrow_forward
Director Willemien Dingemans Miller

Willemien Dingemans Miller

Director

Read More arrow_forward
Attorney Craig Miskovich

Craig Miskovich

Director

Read More arrow_forward
Christopher Roy

Christopher D. Roy

Director

Read More arrow_forward
Alison Sherman Bio Image

Alison Sherman

Director

Read More arrow_forward
RYAN-FLATLEY-HEADSHOT

Ryan Flatley

Of Counsel

Read More arrow_forward
Tax Law

Vermont Development Conference

DRM is proud to be a platinum sponsor of the November 17, 2022 Vermont Development Conference.
Read More arrow_forward

AFP: $80 Billion to Audit Businesses and Wealthy in Biden Plan

A key component of the funding for the AFP proposal is increased revenue through a focus on tax compliance for high-income taxpayers. 
Read More arrow_forward

New SBA Guidance on the PPP Changes and Second Draw PPP Loans

On January 6, 2021, the SBA issued Interim Final Rules on the PPP, as amended, and the Second Draw Loans.
Read More arrow_forward

IRS Reaffirms Non-Deductibility of Forgiven PPP Loan Expenses and Affords New Tax Filing Safe Harbor Rules

In May, the IRS issued Notice 2020-32, providing that a taxpayer that receives a loan through the Paycheck Protection Program (“PPP”) is not permitted to deduct expenses that are normally deductible under the Code to the extent the payment of those expenses results in loan forgiveness under the CARES Act. This week, the IRS acted to reaffirm its position.  
Read More arrow_forward
Jump back to top