611, 2015

Foreign Bank Account and Foreign Income Reporting:

November 6th, 2015|Categories: Tax Planning|Tags: , |

Choose Your Own Adventure Before the IRS Chooses For You
By David Welch
Foreign bank account and foreign income reporting has been a major concern for certain taxpayers the last several years. For those not aware, the issue is rather straight-forward: If you own foreign bank accounts or other foreign assets, you very well may have an […]

611, 2015

The (Abbreviated) Skinny on Small Claims Court

November 6th, 2015|Categories: Creditors' Rights|

By Linda Calder

It is not uncommon for a client to come to us with a claim that he or she is owed a sum of money. Unfortunately, while the claim may be perfectly valid, depending on the amount of the claim, the costs of litigation could consume much or all of the recovery that might […]

511, 2015

Taroff & Taitz Welcomes David Welch

November 5th, 2015|Categories: Partners|

Prior to joining Taroff & Taitz, David was with a small firm in Nassau County and operated his own practice in Melville, New York. David’s primary practice area has concerned compliance with United States tax law regarding unreported foreign accounts/assets and foreign income. David is experienced with various means of compliance with regard to these […]

1601, 2015

Important Business and Home Records List

January 16th, 2015|Categories: Business Planning, Estate Planning|Tags: |

Here is a list of the most common accounts and passwords business owners should keep handy. Whether this information is provided to an Executor now, or kept under lock and key at your office or home, it should be easily accessible by trusted employees and family members.

Take a look below to see what information you should record. In […]

1601, 2015

I Won the Lottery, Now What?

January 16th, 2015|Categories: Estate Planning, Wills & Trusts|Tags: , , |

By: John J. Roe III, Partner , Roe Taroff and Taitz, LLP

Lottery winnings are generally paid over a 20-year period. Winners pay income taxes on the receipt of these proceeds and life goes on.

What happens if the lottery winner does before collecting the 20 years worth of payments?
The remaining payments are subject to estate tax at […]

1301, 2015

Top Commercial Lease Questions Every Landlord and Tenant Must Answer 

January 13th, 2015|Categories: Real Estate|Tags: , |

By Steve Taitz – Managing Partner, Roe Taroff and Taitz, LLP

Landlords often ask me if a lease is OK to send, while tenants want to know if it is OK to sign. In both cases, I usually provide the same response: “Will you be OK with everything in the lease if anything goes wrong?” When dealing […]

1607, 2014

Four Options for IRAs and Estate Planning

July 16th, 2014|Categories: Estate Planning|Tags: , |

A recent Supreme Court ruling puts the spotlight on inherited IRAs
By Christine Shiebler, Roe Taroff and Taitz, LLP

Think your IRA is safe for future generations when you fill in the beneficiary form? You may want to think again. The Supreme Court recently ruled against an individual who had inherited an IRA from a family […]

2506, 2013

Do’s and Don’ts for Leaving Gifts to Minors

June 25th, 2013|Categories: Tax Planning, Wills & Trusts|Tags: , |

Parents and Guardians Using Gifts Incorrectly is Most Common Mistake

Many grandparents wish to leave money to their grandchildren when they pass. However, few leave specific instructions on what to do with their money and possessions, leading to potential legal challenges and personal heartache after their deaths. John J. Roe III, a partner who concentrates […]

612, 2012

Avoid Hiccups at Refinance Closings

December 6th, 2012|Categories: Real Estate|Tags: , , , , |


This past year saw the residential sale market to be fairly slow, but refinancing has been hot. With the popularity of the Home Affordable Refinance Program (HARP), some of you may have already found yourself taking advantage of today’s low interest rates, while many of you may be wondering whether refinancing makes sense for you. […]

1311, 2012

7 Courtroom Secrets Every Executive Should Know

November 13th, 2012|Categories: Commercial & Corporate Litigation, Litigation|Tags: , |

By Steve Taitz – Managing Partner, Roe Taroff and Taitz, LLP
Appeared in November 2012 Hauppauge Reporter

Preparation and Listening are Keys to Success in the Courtroom

No one likes to go to court except the lawyers. It takes time from a busy executive’s day and it puts them in a spot where they have little or no control […]