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Private Client Tax Services
Private Client Tax Services
Safeguarding your wealth
Overview
You’ve worked long and hard to attain your wealth. Now, you want to maintain a certain lifestyle, preserve wealth for future generations, and perhaps create a philanthropic legacy. Friedman’s dedicated Private Client Tax Services team considers your total financial picture to help you meet your short- and long-term goals.
Experience has shown us that high net worth individuals share these key concerns:
- minimizing tax liability
- understanding complex tax laws
- ensuring compliance
- avoiding audits by regulatory authorities
- transferring wealth to multiple generations
- addressing major taxable events, such as stock options
If these or related tax issues keep you up at night, Friedman can help — just as we have helped countless private clients with high net worth tax planning.
Count on us for:
- superior client service, with
- a high level of partner and staff involvement and communication
- a deep bench of tax professionals
- a sophisticated approach that considers every possibility
- the utmost confidentiality
- regular updates on important tax developments
Friedman’s expertise with high net worth tax issues also extends to trust and estate planning, including generation-skipping wealth transfers, and sophisticated income, gift, and estate tax return preparation.
At Friedman, we approach high net worth tax planning and compliance as a process, not a deadline. We’ll Our Private Client Tax Services team will help you achieve your financial goals so that you can do what you do best: enjoy all that life has to offer.
Service Menu
Working with the firm’s experts in corporate, flow-through, international and state and local taxation, we provide the full spectrum of tax solutions for private clients, including:
Personal Income Tax Services
- Tax planning and consulting
- Federal and state tax compliance
- Tax controversy assistance
- State and local tax planning
- International tax planning
Estates and Trusts
- Estate and gift tax planning
- Complex generation skipping transfer tax issues
- Sophisticated income, gift and estate tax return preparation
- Gift and income tax minimization
- Recommendations for planning techniques to effectuate desired goals
- Succession planning and review of buy-sell agreements
Insights & Events
- February 27, 2019 Tax Reform Resource Center
Empower your financial decision making with insights from Friedman's cutting-edge tax advisors on leading Tax Cuts & Jobs Act topics....
Read more - February 1, 2019 VIDEO: Succession Planning
Hear insights from tax partner Kim Dula on the importance of creating and regularly revisiting your succession plan. For guidance on...
Read more - February 1, 2019 [Video Series] Unraveling Tax Reform -- Opportunity Zones
Watch the second episode in this exclusive series featuring Steven Bokiess, CPA, Partner for ways to reap tax advantages by investing...
Read more - January 1, 2019 [Video Series] Unraveling Tax Reform -- Charitable Giving
Watch this exclusive video featuring Jonathan Curry-Edwards, CPA on ways to help you maximize the tax benefits of your charitable contributions. Read the Transcript It’s...
Read more
- February 27, 2019 Tax Reform Resource Center
Empower your financial decision making with insights from Friedman's cutting-edge tax advisors on leading Tax Cuts & Jobs Act topics....
Read more - February 1, 2019 [Video Series] Unraveling Tax Reform -- Opportunity Zones
Watch the second episode in this exclusive series featuring Steven Bokiess, CPA, Partner for ways to reap tax advantages by investing...
Read more - February 1, 2019 VIDEO: Succession Planning
Hear insights from tax partner Kim Dula on the importance of creating and regularly revisiting your succession plan. For guidance on...
Read more - January 1, 2019 [Video Series] Unraveling Tax Reform -- Charitable Giving
Watch this exclusive video featuring Jonathan Curry-Edwards, CPA on ways to help you maximize the tax benefits of your charitable contributions. Read the Transcript It’s...
Read more - December 4, 2018 Friedman LLP Names Kim Dula Managing Partner for Philadelphia Office
PHILADELPHIA, December 5, 2018 -- Friedman LLP, a leading accounting, tax and advisory firm based in New York and with...
Read more - November 13, 2018 Tax Guide 2018-2019
Concerned how the latest tax developments may impact your 2018 tax strategies? As you head into your 2018 tax planning, this...
Read more - August 20, 2018 [Video Series] Unraveling Tax Reform -- 529 Plans
Watch for ways to maximize the benefits of your 529 plan with key insights from Jonathan Curry-Edwards, CPA, Senior Tax...
Read more - July 23, 2018 [Watch Now] Unraveling Tax Reform -- State Impact
Watch this exclusive video featuring Tom Corrie, JD, LLM, Principal for powerful insights to help you navigate and maximize your individual tax position...
Read more - February 22, 2018 [Video] New Tax Code, New Strategies Seminar
Gain the knowledge you need to reap tax benefits and avoid pitfalls in the wake of the most significant overhaul to...
Read more - November 9, 2017 House Tax Reform Bill: Digging Below the Surface to Reveal Critical Analysis
By now, you’ve seen media headlines covering the House Tax Reform Bill introduced on November 2. What you may not...
Read more - November 6, 2017 Download Tax Reform White Paper Now!
As Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely study featuring insights gleaned from a...
Read more - September 28, 2017 White House Tax Reform Framework Released
The White House released its promised tax reform agenda, known as the “September Framework.” While longer than the previous version,...
Read more - June 8, 2017 Webinar Recording | Tax Reform in the Trump Era
Concerned how tax proposals may impact you and your business? Learn how other business leaders would react to tax reform...
Read more - May 1, 2017 The Survivor
With a maximum tax rate of 40% for individuals worth $5.49 million and couples worth $10.98 million or more, the...
Read more - April 1, 2017 Special Tax Reform Series
As Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely series of insights gleaned from...
Read more - February 21, 2017 VIDEO: Navigating Difficult Decisions
Tax Partner, Kim Dula discusses the psychological and emotional aspects of transitioning the family business....
Read more - April 20, 2016 5 retirement account tax traps to avoid
If you’re like most people, a large portion of your wealth is set aside in individual retirement accounts (IRAs) or...
Read more - November 9, 2015 Estate Planning Over Thanksgiving? Time to Talk Turkey
With Thanksgiving and the winter holidays coming up, there are at least two prime opportunities to get families all under...
Read more - May 14, 2015 How you can avoid a huge tax trap
As you plan your estate, don’t overlook the generation-skipping transfer (GST) tax. Despite a generous, $5.43 million GST exemption, complexities surrounding its allocation create several tax traps for the unwary.
Read more - March 24, 2015 Real Estate Transfer Taxes in New York
Real estate transfer tax is a tax imposed by states, counties and municipalities for the privilege of transferring real property within a jurisdiction. The tax is sometimes referred to as real estate conveyance tax, mortgage transfer tax or documentary stamp tax, among other terms.
Read more - November 5, 2014 Second Homes In New York May Have Severe Tax Consequences
The New York State and New York City tax laws have numerous traps for unwary nonresidents. To avoid one of the biggest tax hazards, nonresidents owning or renting homes within New York must be aware of the applicable residency tests and what records they should maintain to avoid a dual residency determination. Nonresidents of New York State are only taxed on income earned in or sourced to the state. New York City only taxes city residents. However, if a nonresident is not attentive to the residency tests, the tax consequences can have New York State, and possibly New York City, seeking to impose tax on all income, including interest, dividends, and capital gains, regardless of its source.
Read more - Tax Tips: May/June 2015
A good tax-planning technique is to sell a poor-performing security to “harvest” the loss and offset it against your capital gains. But what if you have high hopes for the security and would like to keep it in your portfolio?
Read more
- April 25, 2017 Divorce: Unsettling the Marital Estate, Financial and Tax Plans | April 25
Friedman partner Kim Dula will participate in a breakfast panel discussion in Philadelphia hosted by U.S. Trust on divorce planning....
Read more - October 11, 2016 Calculating Imputed Income in Divorce Proceedings
Friedman Partner Scott Maier will host a webinar with Charles Vuotto of Tonneman, Vuotto, Enis & White, titled “Calculating Imputed...
Read more - June 15, 2016 Calculating Imputed Income in Divorce Proceedings Webinar | June 15
Friedman LLP Partner, Scott Maier, will be part of a panel for a live 90-minute webinar with interactive Q&A on...
Read more - May 11, 2016 Friedman LLP and Tonneman, Vuotto, Enis & White, LLC Set to Present Webinar on Divorce
Do you have financial questions when it comes to divorce? Scott Maier, partner with Friedman LLP, will co-host a 90-minute...
Read more