Services

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:

• Tax Planning
• Tax Audits
• Tax Collection Matters
• Income, Estate, Gift and Fiduciary Tax Returns

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:

• Wills
• Trusts
• Special Needs Trusts for Disabled Beneficiaries
• Charitable Gift Planning
• Estate Tax Planning
• Business Succession Planning
• Buy-Sell Agreements
• Guardianships and Conservatorship
• Gift Planning and Gift Tax Returns
• Prenuptial Agreements

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:

• Formation of Business Entities
• Business Acquisitions and Sales
• Contracts
• Buy-Sell Agreements
• Shareholder Disputes

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:

• Acquisitions, Sales and Exchanges. We assist clients in the negotiation and closing of real estate acquisitions and sales, including the preparation of purchase agreements, conveyancing documents, financing documents, tax-deferred and multiple-party exchange agreements, escrow instructions and other related documents.
• Leases. The firm can represent either landlords or tenants and has significant experience in farm leases, etc.
• Partnerships, Limited Liability Companies, Corporations. We are involved in advising, structuring and documenting partnerships, limited liability companies, and corporations.
• Drainage issues. We have expertise with tiling and drainage issues, including working with our clients in petitioning governmental agencies for repairs, improvements and outlets. We can assist you in disputes regarding drainage and tiling issues.
• Farm Sales and Auctions. We can assist in the sale or purchase of agricultural land and issues regarding refinancing problems.
• Succession Planning. We can work closely with you and your family to put in place the transition between ownership or control from one generation to the next. As part of this process, we will help address any land transfer issues and can assist in working out the consequences.

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:

• Probate Administration
• Trust Administration
• Fiduciary Income Tax Returns
• Estate Tax Returns
• Disclaimers

“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.”