Levin & Schreder is one of the largest law firms devoted exclusively to estate and income tax planning in the Chicago area.

Income Tax Planning

While many of our clients are primarily focused on minimizing the burden of gift taxes or estate taxes, we are always concerned with, and sensitive to, the income tax ramifications of any estate tax planning technique. We strongly believe that income tax planning and gift and estate tax planning are complementary pursuits, which is why we often refer to ourselves simply as "tax lawyers."

Because of our experience with income tax planning, we also advise our clients of techniques which can be employed to minimize or defer recognition of income, independent of any estate tax planning, such as installment sales, private annuities, deferred payment arrangements and tax-deferred exchanges. In addition, we are actively involved in helping our clients determine the most income tax efficient structures to use for their business activities.