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Michael D'Addio JD

Principal - Tax & Business
Watch and Money
 
555 Long Wharf Drive
12th Floor
New Haven, CT 06511

203.781.9665
Michael.DAddio@marcumllp.com
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Michael D'Addio is a Principal in the Firm's New Haven, Connecticut office. He has more than 35 years as a specialist in compliance and planning in a variety of areas concerning federal and state taxation. He has a wide range of industry experience including real estate, research and development, professional services, and manufacturing. He has extensive experience in planning business transactions, including mergers and acquisitions, business entity formation and dissolutions, and sales transactions.

Michael has developed a number of planning strategies for clients in the areas of estate and gift planning. These include the use of trusts for tax savings and asset protection.

Michael regularly reviews legal documents and assists other professionalsin their drafting to insure that they accomplish clients' overall tax and economic objectives and to determine that they comply with relevant tax authority. Based upon his clients' unique facts, circumstances and goals, he has devised individualized strategies designed to minimize their tax liabilities while retaining assets and income. His plans combine the highly technical tax rules with the business and personal needs of clients.

Michael has represented clients before the Internal Revenue Service and other state and regulatory services. He has vigorously advocated client positions before various administrative levels of these taxing authorities and assisted their legal advisors in court proceedings. In addition, he has handled a variety of collection matters, including negotiation of deferred payment arrangements and Offers in Compromises. He has been involved in the preparation of government letter rulings and technical advice memoranda covering a range of tax issues.

Michael is a sought after lecturer on a range of federal and state tax issues before client and business groups. He has been a main speaker in technical sessions for many professional organizations across the state. In addition, he instructed courses in the Masters of Taxation program at the University of New Haven. He also conducts tax training sessions for the professional staff of the Firm.

Professional & Civic Affiliations
  • Connecticut Bar Association sections on Taxation, Real Property and Probate
  • American Bar Association sections on Taxation, Real Property and Probate
  • Connecticut Estate and Tax Planning Council
  • Past Chairman of the University of New Haven Planned Giving Group
  • Past Member of the St. Raphael's Hospital Planned Giving Group
  • Past Member of BKR International sections on International Taxation; US Taxation; Construction and real Property; and Valuation
  • Past Chair of BKR International section on High Net-Worth Individuals/Estate and Gift Planning
Articles, Seminars & Presentations
  • Affordable Care Act: Record Keeping Requirements for Employers, Accubuild Users Conference, September 2015
  • The ACA Meets the IRS, Long Island Business News Article, February 2015
  • Changes in 2015 for Trusts and Estates.Bloomberg BNA 2015 State Tax Outlook Special Report, February 2015
  • Raising the Stakes, Private Asset Management, December 2014
  • The Aragona Case: A Blueprint to Avoid the Net Investment Income Tax on Trusts, Construction Accounting & Taxation, August 2014
  • The Obamacare Tax Deconstructed, CNBC.com, February 2014
  • Tax Realities for Self-Employed Who Get Obamacare Subsidies, Businessweek, October 2013
  • Obamacare Forces Changes in Health Spending Accounts, The Hartford Business Journal, September 2013
  • The Rich and Sick Taxed to Pay for Health Care Reform, TheStreet Network, September 2013
  • Instructor in Master of Taxation Program at University of New Haven on Tax Accounting and Partnerships
  • Presentations for tax professionals at the University of New Haven Tax Program on Annual Tax Changes, Advanced Depreciation Strategies; Advanced Partnership Issues
  • Seminars for the Connecticut Society of Certified Public Accountants, including annual Form 1040 Workshops; Educational Savings Strategies; S Corporation Planning and Basis Issues
  • Seminars for the Connecticut Association of Professional Accountants, including the Uniform Cost Capitalization rules
  • Seminars for the New Haven County Bar Association on Partnership Issues
  • Seminars for the Amity Club of New Haven
  • IRS Treatment of Virtual Currencies, Metropolitan Corporate Counsel, July/August 2015
Subject Matter Expertise

Income Tax Accounting
Trusts & Estates
Asset Protection Planning
Tax Representation
Research & Development Credits

Practice Focus

Real Estate
Professional Services
Manufacturing
High-Net-Worth Individuals

Education

B.S., Political Science
Yale University

Juris Doctor,
University of Connecticut Law School

Related Insights & News


District Court Issues Nationwide Injunction on New Overtime Rule

 

A federal district judge in Texas issued an injunction on November 22, 2016, banning implementation of the Department of Labor's ("DOL") new rule increasing the ....


Tax Principal Michael D'Addio spoke with Long Island Business News about valuation discounts on family businesses.

 

There is a technical question as to whether these regulations will be valid.


Proposed Regulations Under IRC Section 2704 May Significantly Change Valuation Discounts for Transfers of Family-Owned Businesses

 

The Treasury and IRS recently issued proposed regulations intended to affect the valuation of closely held business interests transferred to family members.


The Hartford Business Journal published an article by Tax Partners Michael D'Addio and Andrew Ebneter, discussing 2017 tax changes for businesses and individuals in Connecticut.

 

For this week's Friday Focus, we feature a Q&A on tax changes coming starting July 1 because of the new state budget. We spoke with ....


Tax Flash - IRS Issues New Regulations on Partnership Treatment of Employees

 

The Internal Revenue Service has issued new temporary regulations and proposed regulations providing that where a partnership owns 100% of the interests of a disregarded ....


Connecticut Tax Partner-in-Charge Brett McGrath and Tax Principal Michael D'Addio discussed Marcum's talent bench during busy season with the Hartford Business Journal.

 

Tax season is always hectic for accounting firms — which for years have called in temporary reinforcements, from college interns to experienced freelance tax professionals ....


Tax Penalties Increased for Trade Preferences Extension Act of 2015

 

Under the recently passed Trade Preferences Extension Act of 2015, Congress increased the penalties for late filing or failing to file correct information returns with ....


Michael D'Addio, Tax & Business Services Principal, Featured in Metropolitan Corporate Counsel Roundtable Discussion, "On Bitcoin: Voices From the Cutting Edge."

 

The Internal Revenue Service clarified a number of issues concerning the taxation of bitcoin and other "cryptocurrency" last year in Notice 2014-21.


Real Estate Industry Particularly Affected by New IRS Repair, Capitalization and Disposition Regulations

 

New IRS rules for the capitalization of expenditures relating to tangible property have particular ramifications for the real estate industry, according to Michael D'Addio, ....


Michael D'Addio, Tax & Business Services Principal, Quoted in Long Island Business News Article, "The ACA Meets the IRS."

 

This year, for the first time, the health insurance taxpayers carry may directly affect the size of the tax refund they receive from the Internal ....


Michael D'Addio, Tax & Business Services Principal, Quoted in Bloomberg BNA 2015 State Tax Outlook Special Report Article, "Changes in 2015 for Trusts and Estates."

 

When a trust is a resident trust under a state's law, the state may tax the trust's entire income. Double taxation becomes a concern because ....


Implementing the Final Repair, Capitalization and Disposition Regulations

 

The IRS and Treasury issued final regulations in 2013 providing new rules for the capitalization of expenditures relating to tangible property. These regulations develop a ....


Michael D'Addio, Tax & Business Services Principal, Quoted in Private Asset Management Article, "Raising the Stakes."

 

Wealth advisors need to become more comfortable in the private investment space, the audience at PAM's latest breakfast briefing heard from a panel of four ....


Article by Michael D'Addio, Tax & Business Services Principal, "The Aragona Case: A Blueprint to Avoid the Net Investment Income Tax on Trusts," Featured in Construction Accounting & Taxation

 

Owners of construction companies and other businesses stand to benefit - potentially significantly - from a recent decision by the U.S. Tax Court, which handed ....


Marcum Expert Responds to Tax Court Ruling Recognizing Trusts as Real Estate Professionals

Broader Definition of Material Participation Means Potential Tax Benefits for All Trusts with Business Ownership Interests

Michael D'Addio a principal in the Tax & ....


Marcum Healthcare Reform Expert Responds to New Delay in Large Employer Mandate Under Affordable Care Act

Michael F. D'Addio, a Principal in the New Haven, Connecticut office of Marcum LLP and co-manager of the Firm's national Healthcare Reform Task Force, responded ....


Michael D'Addio, Tax & Business Services Principal, Quoted in CNBC.com Article, "The Obamacare Tax Deconstructed."

 

Several developments related to the Affordable Care Act will be hitting many filers in the pocketbook this tax season, but they need to keep an ....


Michael D'Addio, Tax & Business Services Principal, Quoted in Businessweek Article "Tax Realities for Self-Employed Who Get Obamacare Subsidies"

 

Since I wrote a recent explainer about government subsidies for self-employed individuals who purchase health coverage through the Obamacare insurance marketplaces, many readers have followed ....


Michael D'Addio's Article "Obamacare Forces Changes in Health Spending Accounts" Featured in The Hartford Business Journal

 

Since its enactment, the Affordable Care Act has made many changes to the rules for deducting medical expenses. Several provisions that go into effect this ....


Michael D'Addio, Tax & Business Services Principal, Quoted in TheStreet Network Article "The Rich and Sick Taxed to Pay for Health Care Reform"

 

Last week, the Treasury Department and Internal Revenue Service (IRS) issued final regulations on the individual shared responsibility provision of the Affordable Care Act (ACA) ....


Michael D'Addio, Tax & Business Services Principal and Gail D'Addio, Tax & Business Services Director, Featured in The Hartford Business Journal Article "Mr. & Mrs. D'Addio Join Marcum"

 

Husband and wife tax and accounting specialists Michael F. D'Addio and Gail J. D'Addio have joined accounting-advisor Marcum LLP.

 
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