The people behind the
great ideas at MWE.
Frederic N. Bruckner, JD - Principal
Fred specializes in estate and gift tax planning including the transfer of property (e.g., real estate, closely-held business interests, etc.) to younger family members. He advises clients on a wide variety of estate planning techniques ranging from sales to intentionally defective grantor trusts, family LLCs, dynasty trusts, grantor retained annuity trusts, qualified personal residence trusts, Walton GRATs, etc.
Fred advises clients with respect to issues that arise concerning life insurance including whether ownership of existing life insurance policies should be transferred to a new owner (quite often a new or existing trust) in order to substantially optimize the after-tax return to the ultimate beneficiaries. Fred is involved in other planning areas regarding the transfer of these policies; from ensuring that the transfer does not run afoul of any hidden income tax traps (e.g., how best to avoid the "transfer for value" trap) to recommending the most appropriate type of trust and ensuring that the most efficient tax clauses are included in the related trust agreements. Fred is experienced in the technique of having a profit sharing plan own a second to die life insurance policy.
In addition, Fred has been involved with a number of closely-held business restructuring transactions including mergers and recapitalizations, and has advised clients regarding the consequences.
- September 13, 2021IRS Announces Tax Relief for New York & New Jersey Victims of Remnants of Hurricane Ida
Updated September 14, 2021 The IRS has recently announced that victims of remnants of Hurricane Ida that began September 1, 2021, now have until January 3, 2022, to file various individual and business tax returns and make tax payments.
- August 9, 2021Baker Tilly Expands in New York with Acquisition of Margolin, Winer & Evens
NEW YORK (Aug.9, 2021) – Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) announces its intent to acquire New York-based Margolin, Winer & Evens LLP (MWE), one of the largest regional accounting and business advisory firms in the Northeast.
- May 6, 2021The American Families Plan: Here’s What You Should Know About President Biden’s Proposal
President Biden has proposed tax legislation which could significantly impact many individuals and businesses if enacted.In his April 28, 2021 address, President Biden discussed some of the proposals in his $1.8 trillion American Families Plan (AFP), which would make sweeping changes to some of the tax provisions enacted in the Tax Cuts and…
- March 18, 2021New COVID-19-Relief: The American Rescue Plan
On March 11, 2021, President Biden signed the American Rescue Plan (“The Act”) into law. The Act provides $1.9 trillion of relief and is the third COVID-19 bill signed to help Americans since last March.The Act allocates money for stimulus payments and unemployment benefits, vaccines, schools, small businesses, and more. The following is a summary of…
- March 17, 2021IRS Extends the Tax Paying and Filing Deadline for Individuals
Updated: March 22, 2021 THE INTERNAL REVENUE SERVICE HAS ANNOUNCED THAT INDIVIDUAL TAXPAYERS WILL BE GRANTED A LIMITED EXTENSION OF TIME UNTIL MAY 17, 2021 WITHIN WHICH TO FILE THEIR 2020 FORM 1040.