The Internal Revenue Service continues to caution taxpayers to stay alert for abusive tax avoidance schemes and the unscrupulous individuals who promote them. Variations of these schemes –abusive micro-captive insurance shelters and abusive syndicated conservation easements — are featured in the IRS’s “Dirty Dozen.”
Still, each of these areas can be legitimate planning tools. Our panel will review the applicable statutes and regulations, the forms these transactions often take, and how good tax planning crosses the line to tax evasion.
Shelby Wilson is a partner with Green & Sklarz LLC. For close to twenty years, Shelby has practiced estate planning and tax law and has advised individuals, families, and closely-held businesses on issues dealing with estate and generation-skipping tax planning, charitable planning, income tax planning, and tax compliance. She has extensive experience in advising closely-held business owners in multiple industries on intergenerational business succession issues.
In addition, Shelby maintains a significant estate settlement and trust administration practice and regularly represents individuals, fiduciaries, and tax-exempt organizations on a wide range of routine and complex matters before Connecticut probate courts, the Internal Revenue Service, and state taxing authorities.
Anthony F. Vitiello is the chairman of the Taxation and Estate Planning Group at Connell Foley LLP. His practice is limited to tax planning for individuals, businesses, estates, and trusts, emphasizing estate planning, and asset protection planning. Mr. Vitiello also maintains a significant practice in gift and estate tax audits and controversies.
Mr. Vitiello has been recognized in the 2011 through 2017 editions of Best Lawyers® (in the areas of Trusts and Estates, Tax Litigation and Controversy and Trusts and Estates Litigation). Best Lawyers is one of the most well respected and long-standing peer-review publications in the legal profession. In the December 2005–2008 editions, all years of its publication, Mr. Vitiello was named by the editors of Worth magazine in its list of the nation's 'Top 100 Attorneys'. Worth's editors looked most carefully at attorneys specializing in trusts and estates and other personal planning matters.
Mr. Vitiello has lectured extensively and published on estate planning, and related tax matters, including authoring the chapter on Grantor Retained Annuity Trusts in the American Bar Association’s 2011 publication, The ABA Practical Guide to Estate Planning. He is also certified to provide continuing professional education credits to certified public accountants in New York and New Jersey and those individuals holding the certified financial planner designation.
Mr. Vitiello received his law degree and masters of law (LL.M.) in taxation from New York University. He began his career with the United States Treasury, where he provided legal counsel to the Internal Revenue Service.
Mr. Vitiello is admitted to practice law in seven states and maintains a national practice in federal estate and gift tax planning for high and ultra-high net worth individuals. His full biography, along with links to his published articles and lectures, can be found at:
Barry Fischman is a Partner in the Firm’s New Haven, Connecticut office, and a member of its National Construction, Real Estate, Business Enterprise Tax Services, High-Net-Worth Individuals, Tax Compliance, Family Wealth Services, and Trusts and Estates practice groups. He has more than 30 years of tax and consulting experience providing services primarily to closely-held businesses. He has a wide range of industry experience, including construction, real estate, research and development, professional services, manufacturing, and high-net-worth individuals. Mr. Fischman represents clients before the Internal Revenue Service and the Connecticut Department of Revenue Services.
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