Fredric M. Sanders advises individuals and businesses on tax aspects of business deals, estate planning and business succession planning for closely held companies.
Fred has been involved in structuring domestic and international transactions on behalf of both buyers and sellers. These have included taxable and tax-free acquisitions and divestitures of businesses, focusing on the business objectives of the participants as well as their shareholders and employees. This has included investments by foreign investors in real estate projects in the United States as well as offshore tax and estate planning.
In recent years, Fred has been involved in tax issues concerning Internet and high-tech businesses including those related to venture capital investments and employee compensation.
Fred represents clients before the Internal Revenue Service. These clients include individuals with foreign bank accounts or foreign assets, working with accountants to bring clients into FBAR compliance and establish proper reporting of offshore income on U.S. tax returns. Fred also represents clients before the New York State Tax Commission and the New York City Department of Finance.
He has also advised on corporate and tax issues of closely-held businesses, including S corporations, partnerships and LLCs, succession issues, and estate planning for the owners and shareholders of those businesses.
Fred is a director and President of the Metropolitan Contemporary Glass Group, a director and member of the Executive Committee of UrbanGlass, a director and member of the Executive Committee of the Penland School of Crafts and a director and officer of Project People Foundation, a tax-exempt organization involved in projects in South Africa. He advises private foundations on tax and related matters.