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Friedman LLP

Private Client Tax Services

Private Client Tax Services

Safeguarding your wealth
  • Overview
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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. 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

  • November 23, 2020 Friedman Welcomes Carol S. Messman

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

    Read more
  • November 23, 2020 [WEBINAR] Access the 2020 Sidoti Event Recording

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

    Read more
  • November 12, 2020 How Current Tax Laws, the CARES Act and an Election Year Have Made 2020 an Ideal Time to Give.

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

    Read more
  • October 28, 2020 Tax Planning Guide 2020 - 2021

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

    Read more
  • November 23, 2020 Friedman Welcomes Carol S. Messman

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

    Read more
  • November 23, 2020 [WEBINAR] Access the 2020 Sidoti Event Recording

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

    Read more
  • November 12, 2020 How Current Tax Laws, the CARES Act and an Election Year Have Made 2020 an Ideal Time to Give.

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

    Read more
  • October 28, 2020 Tax Planning Guide 2020 - 2021

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

    Read more
  • June 3, 2020 New Market, New Strategies to Maximize Wealth

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

    Read more
  • May 1, 2020 When Asset Values Fall, Tax Opportunities Arise

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

    Read more
  • January 1, 2020 2019-2020 Tax Guide

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

    Read more
  • March 28, 2019 Exploring the Four Categories of Non-business Interest

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

    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
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Spotlight

Spotlight
  • PPP Loan Forgiveness Services
    PPP Loan Forgiveness Services

    Expert advice to gain the maximum loan forgiveness available 

    Read more

Related Services

Related Services
  • Corporate & Business Tax Services
  • Estate and Trust Planning Services
  • International Tax
  • Outsourced Accounting Services
  • State & Local Tax (SALT)
  • Tax Controversy Services
  • Tax Services

People

People
  • Jo Anna M. Fellon
    Jo Anna M. Fellon
    CPA, Partner
    JFellon@friedmanllp.comp 973.929.3534
  • Robert Charron
    Robert Charron
    CPA, Partner in Charge of Tax Department
    rcharron@friedmanllp.comp 212.842.7627
    f  212.897.6491
  • Meet more of the team

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