Summary: The IRS has announced that in 2025, the Lifetime Estate and Gift Tax Exemption (the “Lifetime Exemption”) will rise
Taxation
Twomey Latham’s tax practice is diverse and sophisticated. We help businesses, charities, and individuals with federal and state tax matters in a variety of ways.
The firm advises Long Island business entities including corporations, S corporations, limited-liability companies (“LLCs”), single-member LLCs, and partnerships on all tax matters relating to structure, operation, reorganization, agreements, elections, distributions, retirement plans, and dissolution. We also represent businesses in connection with mergers, acquisitions, spin-offs, and tax-free reorganizations.
The firm advises individual clients in connection with planning for the disposition of their business and other assets for estate and gift planning purposes, including grantor trusts, GRATs, QPRTs, charitable remainder trusts, sales to defective trusts, and family limited partnerships/LLCs. We also represent clients in estate and gift tax audits.
Taxation Attorneys
Our taxation attorneys focus on providing clients in-depth knowledge of our diverse range of practice areas.
Jay P. Quartararo
Senior PartnerBryan Drago
PartnerBernadette E. Tuthill
PartnerPatricia J. Russell
CounselJesse Frost
AssociateLorraine Paceleo
AssociateNews & Insights About Taxation
Bernadette Tuthill, Twomey Partner & VP of North Fork Breast Health Coalition Helps Raise Breast Cancer Awareness in Annual 5K Walk
Bernadette E. Tuthill, Partner, is the VP of the North Fork Breast Health Coalition and Co-Chair of the annual 5K
IRS issues Final Regulations for Required Minimum Distributions from Retirement Accounts
At a Glance: On July 18, 2024, the IRS issued final regulations regarding required minimum distributions (RMDs) from retirement accounts
Jesse Frost Joins Twomey Latham as Associate Attorney
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP has announced that Jesse Frost has joined the