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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:
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:
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.
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
Estates and Trusts
"I have been with Friedman a very long time and have always been treated as a person, not a number. They are professional, friendly and expert in their field of endeavor. In short, they are nice people to do business with." --Arnold Greene, CEO, Team Greene LLC
"We finally have a firm that pays the needed attention with the required expertise, especially in these changing times." --Eugene & JoAnne Sylvia
"My Friedman engagement team handled my tax work with the utmost efficiency, timeliness and accuracy. Having worked with many professionals over the years, it's easy for me to tell that I'm in good hands" --Wayne Marino
"Great support over the years. I feel they truly care about their customers."--Ramez Seemuth
"Absolute satisfaction" --Arlette Muss
"They are always looking out for my best interest and costs associated with them." --Craig & Joan Harrison
The Friedman Private Clients Services (PCS) group frequently sits on both sides of monetizing events for our high-net-worth clients. In...
Read moreAs 2021 winds down and Congress continues to wrestle with the Build Back Better Act (“BBBA”), you should be aware...
Read moreNote: This article was originally published on October 5, 2021, and was updated on November 1, 2021. In a case of...
Read moreGiven the rapid proliferation of new tax legislation, the IRS has been relying on issuing so-called Frequently Asked Questions (“FAQs”)...
Read moreThe Friedman Private Clients Services (PCS) group frequently sits on both sides of monetizing events for our high-net-worth clients. In...
Read moreAs 2021 winds down and Congress continues to wrestle with the Build Back Better Act (“BBBA”), you should be aware...
Read moreNote: This article was originally published on October 5, 2021, and was updated on November 1, 2021. In a case of...
Read moreGiven the rapid proliferation of new tax legislation, the IRS has been relying on issuing so-called Frequently Asked Questions (“FAQs”)...
Read moreExtra! Extra! Read all about it! Certain self-created know-how may still qualify for favorable capital gains tax treatment! Effective 2018,...
Read moreThis Week In Tax: The IRS is formalizing its process relating to the publication of FAQs — find out how the...
Read moreNew this week: Q Texas court sets a high price in a case involving a business alter ego. The High Cost of...
Read moreTaxpayers often establish business entities to shield themselves personally from liabilities of the business. The laws of different states provide...
Read moreGifts to trusts can take advantage of high tax exemptions and remove future appreciation of assets from taxable estates. One example...
Read moreFriedman’s State and Local tax expert, Christian Burgos shares why it may be more beneficial for some tax payers to...
Read moreIn an attempt to take the title for highest tax rates in the country from California, New York State has...
Read moreFriedman’s, David Shuster was recently featured in an exclusive Forbes article, covering key details of the IRS’s decision to extend...
Read moreHow Will 2020 Tax Filing Impact You? Despite unprecedented concerns among taxpayers and the mounting paperwork on accountants’ desks, the usual...
Read moreAs most of you are aware, the incoming Biden administration has put forth a tax plan that could have meaningful...
Read moreWe are thrilled to announce that Carol S. Messman, CPA has joined Friedman as a Tax Partner. Carol brings more...
Read moreIndividual and corporate taxpayers historically look to the fourth quarter to solidify charitable giving opportunities and crystalize tax-efficient strategies. Although...
Read moreDuring these unprecedented times, wise tax planning can provide much-needed financial relief to individuals and businesses. To help you make...
Read moreAccess the full recording from our recent webinar to gain strategies and techniques to help you maximize your wealth in today’s...
Read more[This article was updated on April 29 to reflect the IRS’ §7520 for May 2020] While it is worrisome to watch...
Read moreThe elimination of familiar tax planning strategies under the Tax Cuts & Jobs Act (TCJA) in addition to potential changes...
Read moreThe Tax Cuts and Jobs Act has made a significant impact — both directly and indirectly — on the deductibility...
Read moreWatch the second episode in this exclusive series featuring Steven Bokiess, CPA, Partner for ways to reap tax advantages by investing...
Read moreHear insights from tax partner Kim Dula on the importance of creating and regularly revisiting your succession plan. For guidance on...
Read moreWatch 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 morePHILADELPHIA, December 5, 2018 -- Friedman LLP, a leading accounting, tax and advisory firm based in New York and with...
Read moreConcerned how the latest tax developments may impact your 2018 tax strategies? As you head into your 2018 tax planning, this...
Read moreWatch for ways to maximize the benefits of your 529 plan with key insights from Jonathan Curry-Edwards, CPA, Senior Tax...
Read moreWatch this exclusive video featuring Tom Corrie, JD, LLM, Principal for powerful insights to help you navigate and maximize your individual tax position...
Read moreGain the knowledge you need to reap tax benefits and avoid pitfalls in the wake of the most significant overhaul to...
Read moreBy now, you’ve seen media headlines covering the House Tax Reform Bill introduced on November 2. What you may not...
Read moreAs Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely study featuring insights gleaned from a...
Read moreThe White House released its promised tax reform agenda, known as the “September Framework.” While longer than the previous version,...
Read moreConcerned how tax proposals may impact you and your business? Learn how other business leaders would react to tax reform...
Read moreWith a maximum tax rate of 40% for individuals worth $5.49 million and couples worth $10.98 million or more, the...
Read moreAs Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely series of insights gleaned from...
Read moreTax Partner, Kim Dula discusses the psychological and emotional aspects of transitioning the family business....
Read moreIf you’re like most people, a large portion of your wealth is set aside in individual retirement accounts (IRAs) or...
Read moreWith Thanksgiving and the winter holidays coming up, there are at least two prime opportunities to get families all under...
Read moreAs 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 moreReal 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 moreThe 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 moreA 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 moreFriedman partner Kim Dula will participate in a breakfast panel discussion in Philadelphia hosted by U.S. Trust on divorce planning....
Read moreFriedman Partner Scott Maier will host a webinar with Charles Vuotto of Tonneman, Vuotto, Enis & White, titled “Calculating Imputed...
Read moreFriedman LLP Partner, Scott Maier, will be part of a panel for a live 90-minute webinar with interactive Q&A on...
Read moreDo you have financial questions when it comes to divorce? Scott Maier, partner with Friedman LLP, will co-host a 90-minute...
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