Firm

James P. Greene and Associates

James P. Greene & Associates focuses on the key business issues of federal and state corporate tax, individual tax, litigation and economic tax analysis. Additionally, our firm practices in the areas of asset protection, guardianships, probate, estate planning, business planning, appeals, and litigation. These areas, in concert with tax law, give our clients unique advantages in their strategic planning.

We believe that James P. Greene & Associates is poised to develop into one of the country's leading tax law firms, offering economic tax analysis, legislative analysis and legal consultation under the same umbrella.

Additionally, James P. Greene, the firm's principal, is a member of the tax faculty at The John Marshall Law School and teaches in the L.L.M tax program.

Mr. Greene is founder and president of the Illinois Tax Training Institute, which is a unique organization. It is designed to offer tax training to individuals seeking entrepreneurship, financial Independence, and self-sufficiency. An integral component of the institute's mission is to develop more IRS certified tax professionals to better assist individuals and business entities with federal and state tax issues, and tax compliance. The institute is also devoted to promoting employment in Illinois, increasing state income and business tax revenue, and impacting the efforts to move individuals from welfare to work.

Individuals

James P. Greene & Associates offers preparation of simple and complex tax returns including, but not limited to, returns for decedent estates, trusts, guardianships, multi-state income, and sole proprietors. We successfully resolve federal, state, and multi-state tax issues, including audits, tax court, and federal court litigation. All tax planning strategies incorporate domestic and international mechanisms when applicable.

Asset Protection

James P. Greene & Associates develops full and complete asset protection planning packages customized to the financial positions and future wealth requirements of clients. Asset protection for individuals with or without a business can be coupled with estate planning to establish specific, effective strategies to preserve and transfer assets from generation to generation.

Trusts

James P. Greene & Associates is seasoned in our ability to prepare various simple and complex trusts; both irrevocable and revocable, each designed to accomplish client specific goals. We strategize, prepare returns, and administer trusts for clients seeking asset protection and estate planning.

Corporations

James P. Greene & Associates represents clients with IRS controversies stemming from any aspect of corporate tax filing, for S-corporations, C-corporations, non-profits, employment taxes, cooperatives, and LLCs. We will:

Develop short and long-term tax and income planning strategies for national and international business activities
Structure strategic mergers and acquisitions, taxable and tax free reorganizations, and liquidations
Prepare corporate tax returns and review or amend previously filed returns, as deemed necessary
Provide dynamic corporate planning determining the appropriate structure based on the client's needs

Non-Corporate Business Entities

James P. Greene & Associates is at the forefront of tax analysis and strategies for all business entities, including partnerships and limited liability companies. Our expertise enables us to effectively design various multi-tiered corporate and partnership structures to maximize financial flexibility and minimize taxes.

Non-Profits

For more than 30 years, James P. Greene & Associates has successfully worked with numerous non-profit entities to resolve tax and employment issues. Our expertise includes business formation and documentation, merger strategies, joint ventures, dissolutions, and subsidiary structures. We resolve internal issues which may jeopardize tax exempt status, such as private inurement, 990 employment taxes, 403(b) issues, and other matters related to tax exemption. We assist with grant research, advise on issues regarding the board of directors, employment, suppliers, and contracts for non-profit development.

International Tax

James P. Greene & Associates is one of the few tax law firms in Illinois which focuses on the development of international corporate presence and offshore asset trusts. Our firm is knowledgeable of international matters regarding sources of income, foreign tax credits, exchange rate differentials, and conversions. We maintain relationships with international businesses and personnel who can assist our U.S. clients in implementing offshore strategies. We assist in tax planning for foreign investment companies, foreign personal holding companies, subpart F income, controlled foreign corporations and more. We also assist recent citizens, non-resident aliens and resident aliens in complying with the complex U.S. tax code provisions and U.S. tax laws.

Federal, State and City Levels

At the federal, state, and city levels, James P. Greene & Associates provides services which are unique to most tax law firms. We provide:

Legal and economic consulting on the tax impact of community specific economic development and legislation
Tax support services to city and state employees, low income and elderly taxpayers
Tax analysis and expert consultation in the preparation of legislation
Tax legislation analysis for determining short-term and long-term regional demographic effects
Analysis of the impact of individual income tax legislation, corporate tax legislation, property tax and excise tax legislation, including revenue projections
Economic forecasting and research related to taxes for developing efficient programs which maximize revenue generation, while minimizing distortions of targeted markets
Assistance and representation for city and state departments in supporting tax enforcement and litigation; thereby, effectively decreasing city and state fiscal budgetary obligations through outsourcing
Act as subcontractors to any principal contractor in analysis of bond documents, tax credit analysis, partnership agreements, and other bond finance related documents and financing structures
Train federal, state, and city tax agents on new tax laws, regulations and procedures
Act as principal in community TIF analysis and community recommendations

Additional Services

James P. Greene & Associates also provides services for matters concerning:

Guardianships
Probate
Civil Litigation
Civil Appeals

For further information, please contact our firm at 312.346.8077 or click here to visit our contact page.