David Neufeld Information

David Neufeld, J.D., LL.M (Taxation),has practiced over 30 years, representing clients throughout the country. Income and Estate Tax Planning: Are you fortunate enough to have so much income or such a large estate that the federal and state income or estate tax costs will be massive? We have the tools that might help you reduce those taxes. Wills and Trusts/Asset Protection Planning: Do you want to be sure that those who you intend to receive your wealth during your life and after your death actually get what you intend--and keep it away from prying hands? That is what we do. State Tax Residency: Do you have residences in more than one state (perhaps New Jersey and Florida) and need to be sure that you are paying taxes to the correct state. We can help you arrange your circumstances appropriately and represent you in any state tax audits or lawsuits that challenge your residency (for both income tax and estate tax). Offshore Assets and Accounts: Do you have assets and accounts outside the US and you are a US taxpayer? Then you probably know by now that you have reporting obligations to the IRS and severe penalties for failing to file these reports. We have the experience to help you wend your way through this process. You might qualify for one of the programs that reduce or eliminate the penalties. Captive Insurance Companies: Are you among the small and mid-size companies throughout the country that have learned of the benefits of captive insurance companies? These privately owned P&C insurance companies are designed to control risk and deliver major reductions in insurance costs. When structured appropriately these also may have major tax benefits. Our experience with captive insurance companies goes back to the early 1980s. Click here for the analysis of Notice 2016-66 Life Insurance Trustee Risk Management: Institutional ILIT trustees do not always fully appreciate the panoply of risks to which they are exposed and the best practices to manage them. Even when they think they have managed them and ...