The Firm provides tax planning advice to businesses on the effect of Federal and Puerto Rico tax laws. This includes issues regarding Income, Sales and Use, Gift and Estate, Volume of Business, Excise, Real and Personal Property, and Payroll Taxes, Tax Incentives and Exemptions, and consequences on tax related transactions, such as sales and reorganizations. The Firm also assists clients in the preparation and submittal of closing agreements, and assistance in obtaining Puerto Rico tax rulings in different areas such as change in accounting methods, corporate reorganizations, liquidation and distributions.