Private Client Tax Services

The Friedman Private Clients Services (PCS) group frequently sits on both sides of monetizing events for our high-net-worth clients. In...

As 2021 winds down and Congress continues to wrestle with the Build Back Better Act (“BBBA”), you should be aware...

Note: This article was originally published on October 5, 2021, and was updated on November 1, 2021. In a case of...

Given the rapid proliferation of new tax legislation, the IRS has been relying on issuing so-called Frequently Asked Questions (“FAQs”)...

Extra! Extra! Read all about it! Certain self-created know-how may still qualify for favorable capital gains tax treatment! Effective 2018,...

This Week In Tax: The IRS is formalizing its process relating to the publication of FAQs — find out how the...

New this week: Q Texas court sets a high price in a case involving a business alter ego. The High Cost of...

Taxpayers often establish business entities to shield themselves personally from liabilities of the business. The laws of different states provide...

Gifts to trusts can take advantage of high tax exemptions and remove future appreciation of assets from taxable estates. One example...

Friedman’s State and Local tax expert, Christian Burgos shares why it may be more beneficial for some tax payers to...

In an attempt to take the title for highest tax rates in the country from California, New York State has...

Friedman’s, David Shuster was recently featured in an exclusive Forbes article, covering key details of the IRS’s decision to extend...

How Will 2020 Tax Filing Impact You? Despite unprecedented concerns among taxpayers and the mounting paperwork on accountants’ desks, the usual...

As most of you are aware, the incoming Biden administration has put forth a tax plan that could have meaningful...

We are thrilled to announce that Carol S. Messman, CPA has joined Friedman as a Tax Partner. Carol brings more...

Individual and corporate taxpayers historically look to the fourth quarter to solidify charitable giving opportunities and crystalize tax-efficient strategies. Although...

During these unprecedented times, wise tax planning can provide much-needed financial relief to individuals and businesses. To help you make...

Access the full recording from our recent webinar to gain strategies and techniques to help you maximize your wealth in today’s...

[This article was updated on April 29 to reflect the IRS’ §7520 for May 2020] While it is worrisome to watch...

The elimination of familiar tax planning strategies under the Tax Cuts & Jobs Act (TCJA) in addition to potential changes...

The Tax Cuts and Jobs Act has made a significant impact — both directly and indirectly — on the deductibility...

Watch the second episode in this exclusive series featuring Steven Bokiess, CPA, Partner for ways to reap tax advantages by investing...

Hear insights from tax partner Kim Dula on the importance of creating and regularly revisiting your succession plan. For guidance on...

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...

PHILADELPHIA, December 5, 2018 -- Friedman LLP, a leading accounting, tax and advisory firm based in New York and with...

Concerned how the latest tax developments may impact your 2018 tax strategies? As you head into your 2018 tax planning, this...

Watch for ways to maximize the benefits of your 529 plan with key insights from Jonathan Curry-Edwards, CPA, Senior Tax...

Watch this exclusive video featuring Tom Corrie, JD, LLM, Principal for powerful insights to help you navigate and maximize your individual tax position...

Gain the knowledge you need to reap tax benefits and avoid pitfalls in the wake of the most significant overhaul to...

By now, you’ve seen media headlines covering the House Tax Reform Bill introduced on November 2. What you may not...

As Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely study featuring insights gleaned from a...

The White House released its promised tax reform agenda, known as the “September Framework.” While longer than the previous version,...

Concerned how tax proposals may impact you and your business? Learn how other business leaders would react to tax reform...

With a maximum tax rate of 40% for individuals worth $5.49 million and couples worth $10.98 million or more, the...

As Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely series of insights gleaned from...

Tax Partner, Kim Dula discusses the psychological and emotional aspects of transitioning the family business....

If you’re like most people, a large portion of your wealth is set aside in individual retirement accounts (IRAs) or...

With Thanksgiving and the winter holidays coming up, there are at least two prime opportunities to get families all under...

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.

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.

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.

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?

Friedman partner Kim Dula will participate in a breakfast panel discussion in Philadelphia hosted by U.S. Trust on divorce planning....

Friedman Partner Scott Maier will host a webinar with Charles Vuotto of Tonneman, Vuotto, Enis & White, titled “Calculating Imputed...

Friedman LLP Partner, Scott Maier, will be part of a panel for a live 90-minute webinar with interactive Q&A on...

Do you have financial questions when it comes to divorce? Scott Maier, partner with Friedman LLP, will co-host a 90-minute...