Phone: (507) 238-4717
Fax: (507) 238-4719
717 S State St Ste 100
Fairmont, MN 56031
Krahmer, Shaffer & Edmundson, Ltd. provides integrated tax and legal solutions for our farm, individual and business clients. At Krahmer, Shaffer & Edmundson, Ltd., we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:
Whether you are an individual, farmer, or business comprehensive tax planning and representation are critical. The complexity of federal and state tax regulations require knowledgeable and skilled tax advice. Krahmer, Shaffer & Edmundson, Ltd. has years of experience in identifying the tax consequences of a client's transactions and handling matters before the Internal Revenue Service and other taxing authorities dealing with issues pertaining to income tax, estate and gift tax matters. We work to optimize our clients' tax savings while coordinating these efforts with their unique business and estate planning goals. Our services include:
Our taxation practice also works closely with our other practice areas, including business law, estate planning and probate. When it comes to competent and knowledgeable tax advice, experience matters.
At Krahmer, Shaffer & Edmundson, Ltd, our attorneys begin by understanding you, your family, your financial situation and your unique and individualized needs. That is why it is called "planning". We work directly with you in planning the transition of your estate to the next generation. Whether you have a family member with special needs, require assistance in transitioning your family business to the next generation or simply seek to minimize the potential tax burden to your heirs, our attorneys have the knowledge and experience to meet your needs.
We work closely with clients to determine their estate planning goals and to develop and implement an effective and comprehensive estate plan. From wills and powers of attorney to trusts and other sophisticated planning tools, we design and implement solutions based on the individual needs of each client. Krahmer, Shaffer & Edmundson, Ltd. has experience in every aspect of estate planning including:
We also represent clients in the administration of probate estates and in the post-death administration of trusts, including the filing of estate, gift and income tax returns.
At Krahmer, Shaffer & Edmundson, Ltd. we represent all types and sizes of businesses. We know that one of the most important factors in representing clients is to understand their business needs, structure, organization, opportunities, and financial conditions. We recognize that these critical components of your business are often integrally associated with and impacted by the legal matters which we handle.
From offering legal counsel during the initial formation or acquisition of an enterprise to providing legal services in conjunction with day to day operations or assisting with the sale or dissolution of a business, our attorneys possess the skills and experience for quality representation. We have many years of experience in all aspects of business law including:
Regardless of the issue we bring a comprehensive and compassionate understanding of our clients' business needs together with effective legal representation.
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can give you peace of mind. We are ready and willing to answer any and all questions the IRS may be asking of you.
At Krahmer, Shaffer & Edmundson, Ltd. we represent individuals, investors, and businesses in the acquisition, sale and leasing of real estate. We are familiar with all forms of ownership, taxation of real estate, zoning and regulation of land use. We can assist in planning the structure and negotiation of complex real estate transactions, as well as handling the legal analysis and documentation including:
Estate administration requires coordination between the legal administration decisions and their income and estate tax effects. Krahmer, Shaffer & Edmundson, Ltd. provides that coordination, for example the selection of a fiscal year for an estate, decisions regarding allocations of value on inherited farmland, disclaimer decisions, charitable deductions and where to deduct administrative expenses. Our attorneys can assist you with the many complex issues in a loved one's estate, including:
“Knowing where your business stands is an important factor in your daily decision making. At Krahmer, Shaffer & Edmundson, Ltd., we are able to help you make those all important decisions by providing you with monthly, quarterly, semi-annually or annual financial statements. We are also able to provide you with current month, prior month, current year and prior year figures so that you know where your company’s strengths and weaknesses are compared to the prior year which allows you to make any necessary adjustments. Not only will this help reduce your stress at tax time, having financial statements will help provide the necessary backup for your tax return.
Don’t stress about finding the time to do payroll for your employees and get the required reports filed and payroll taxes paid; let us do it for you. We can prepare payroll checks for you and make all the necessary payroll deposits as well as the quarterly and annual reports. We have various options for you to choose from; you pick the one that is right for you. Give us a call and we can discuss what options are best suited to your needs.”
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