Tax Services and Planning

We prepare all types of tax returns. Tax Services are our principal type of services offered.

We work with all types of entities including individuals, partnerships, corporations, trusts and estates, as well as charity and non-profit entities and family foundations. We are very familiar with the charitable lead or remainder trusts; grantor retained annuity trusts and unitrusts; dynasty trusts as well as qualified personal residence trusts.  We have helped with the planning on the funding the various living and testamentary trusts which come into existence when someone passes away and will help with the allocation of assets to the new trusts. We also prepare gift tax returns.

We help plan for the payment of the lowest amounts of income, estate and generation skipping taxes as well as the related sales and property taxes.

We work with the attorneys to plan and implement the most sophisticated estate and income tax issues such as obtaining the highest discounts legally available for the passing of assets including the use of family limited partnerships or limited liability companies, the potential use of self-cancelling installment notes and using private annuities, etc.

We recognize that all too many tax planners end up concentrating on only tax savings rather than making sure that recommendations are good for overall financial planning and making sure that the underlying goals of the individual, family or business are addressed. It is never a good idea to let the “tax tail end up wagging the dog.”

Leonard brings his expertise regarding the required filings for clients with international dealings. We do returns for expatriates, companies doing business overseas as well as foreign entities who need to file returns in the United States.

If we do not have all of the expertise to do the best planning and implementation possible, we have a wonderful set of well-known professionals we can bring in to help. It is often best to have a team assembled to help with the planning and implantation and that could include attorneys, wealth managers, insurance professionals, etc. That way each professional can add their experience and training.