In New York State when a person reaches age 18, typically high school graduation age, that person is now considered
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 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.
Our attorneys focus on providing clients in-depth knowledge of our diverse range of practice areas.
News & Insights About Taxation
In my last article, “Estate Planning for Snowbirds,” I briefly mentioned that for people who divide their time between New
In my last article I wrote about the numerous reasons estate planning is important outside of estate tax planning, in
As of December 31, 2022 the Town of Southampton will discontinue its partial real property tax exemption program which is