James P. Greene

& Associates

A Premier Chicago Based Law Firm Dedicated to Our Clients' Futures

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Do you need a lawyer or have a question about our law firm? Call or email us @ 312-346-8077

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PRACTICE

AREAS

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.

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.

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.

Additional Services

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

  • Guardianships

  • Probate

  • Civil Litigation

  • Civil Appeals

 

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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.

Federal, State & 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

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OUR VISION

James P. Greene and Associates is an extraordinary problem-solving law firm. We listen to our client’s needs and present multiple alternatives to their problems. We research issues and stay current with news and information regarding the subject. We realize all clients are different and have different goals and problems. We treat clients as individuals. We want our clients to get the best legal advice available.

 

Our vision is to provide high quality legal work, legal counseling and to see to it the client is satisfied with our achievements. At James P. Greene and Associates we go the extra length to achieve results our clients can feel good about and we keep our clients aware of what is happening with their case.


All our clients are treated with respect. At James P. Greene and Associates we realize clients make mistakes. Sometimes without knowing it was a mistake until after the fact. That is not a problem at James P. Greene and Associates. It is our responsibility to mitigate bad situations which may result from those mistakes. We solve problems without pointing blame!
Once you are a client, you are more than just a case number. You are a person!

 

OUR ATTORNEYS

James P. Greene
Managing Partner

James P. Greene graduated from Georgetown University Law Center, JD/LLM (Tax) in 1995. He operates a full-service law practice in downtown Chicago, Illinois where he concentrates on asset protection, tax, elder law and estate and business planning. In addition to his practice in Chicago, he frequently works with clients in Las Vegas, Nevada.

 

As a faculty member at The John Marshall Law School in Chicago, Illinois, Mr. Greene has taught courses on both international and corporate tax. In addition to his formal teaching duties, he frequently speaks in the community on topics of Asset Protection, Estate Planning and Taxation.

 

Mr. Greene is a member of the National Association of Tax Professionals. Additionally, he has served on both the Tax and Asset Protection Committees of the Chicago Bar Association.

 

Mr. Greene is the founder and current president of the Illinois Tax Training Institute (ITTI): a corporation dedicated to providing high quality training and education, paving the way to financial independence by teaching members of the community at large, to become professionals in tax preparation for individuals and businesses. The institute promotes tax compliance and integrity in the profession and gears its course materials to reflect the significant role of ethics in the practice.

CONTACT

James P. Greene

& Associates

OUR ADDRESS

Locations:

150 North Michigan Avenue  |  Suite 2800

Chicago, Illinois  60601

1245 E. Diehl Rd  |  #106

Naperville, IL  60563

 

Telephone:  (312) 346-8077
Fax:  (312)346-8066

 

Email:  jgreene@jamesgreenelaw.com

 

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