ROSELAND, N.J./May 27, 2011 -- Connell Foley partner Anthony F. Vitiello was a featured presenter of two key sessions at the AICPA Conference on Tax Strategies for the High-Income Individual held on May 4 - 6, 2011, at the Bellagio in Las Vegas, NV.
During the session, “Are you Prepared to Prepare the Complex Gift Tax Return?” Vitiello focused on the preparation and technical presentation of gift tax returns involving complex estate planning transactions, including personal residence trusts, limited partnership transactions, grantor retained annuity trust transactions, and other technical issues. Defending a gift tax return audit was also covered.
In his “Perfect Hedge” session, Vitiello delivered in-depth details of a creative and often overlooked estate planning strategy, which involves a combination of GRATs and insurance, for an almost no-risk planning vehicle for high net-worth and ultra high net-worth clients. Vitiello explained how significant estate tax benefits are virtually guaranteed, regardless of premature death or long life.
Vitiello is the chairman of the Taxation and Estate Planning group at Connell Foley LLP, and his practice encompasses tax planning for individuals, businesses, estates, and trusts, with particular emphasis on estate planning and asset protection planning. His innovative expertise is applied to planning estates of sizeable magnitude, as well as to advising family foundations, closely held corporations, partnerships, and limited liability companies on significant tax issues.
For more information, please contact Mr. Vitiello at (973) 535-0500 or avitiello@connellfoley.com.
The American Institute of Certified Public Accountants (AICPA) is the largest national professional association of certified public accountants in the United States, with more than 330,000 members in business and industry, public practice, government, and education, and it includes student affiliates and international associates. The organization sets ethical standards for the profession and U.S. auditing standards for audits of private companies; federal, state, and local governments; and nonprofit organizations.