We Advise and Represent Our Clients in Creating and
Administering Tax-Advantaged Strategies Focusing On:
• The ability to reclaim part or all of the now limited Schedule A state and local property and income tax deduction (the “SALT” deduction) utilizing traditional business and trust entities long recognized by the IRS as proper and valid for tax and estate planning, as well as asset and wealth preservation
• Managing and minimizing the effect of accelerated taxation imposed under the new “SECURE” Act on IRA balances, and preserving more of our clients’ retirement assets for themselves and their families
• For business owners, expanding qualification for the 20% deduction under new IRC Section 199A against taxable income from businesses organized as pass-through entities (LLCs, partnerships, S Corps), including commercial and actively managed real estate investment assets, consistent with the final regulations
• Allowing taxpayers who would no longer file Schedule A as part of their individual tax return to nevertheless utilize and maximize the unlimited deduction for charitable contributions
• For higher net worth clients, using specialized trusts as separate taxpayers in order to minimize state income taxes on investment income (while also alleviating the effect of the $10K limitation on SALT deductions)
• Applying all available legal techniques to maximize tax (and non-tax) benefits that can be achieved as part of the client’s estate and asset preservation planning.
