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Individual Tax Planning
Almost as important as Estate Planning, is tax planning for your current life situation. Taxation Law is our specialty. We recognize the possible tax implications of ordinary transactions that can impact your life now, or your estate later. Examples of possible remedies are:
IRA Designation Trusts |
Special Intervivos Trust established to receive IRA distributions and yet qualify for either a Unified Credit Trust under the first spouse's Will, or as a marital deduction trust (ATIP) in the second spouse's estate. This provides for the longest "stretch" in the payout of the IRA funds for income tax purposes |
Like Kind Exchange |
Allows for the tax-free "swap" of real property. Real property is not limited to same type of property, but includes raw land, comercial real estate, property held for investment, and rental property. |
Employee Benefits Consultation |
Consultation regarding pension planning and stock options for corporate employees. |
Representation |
Representation before the Internal Revenue Service and state taxing authorities with regard to payroll taxes, sales taxes, and major items of controversy. |
Whether trying to save tax dollars now, or in need of tax representation, call us at (908) 754-4500 to see if we can help.
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