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.
- 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
- 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
B.S., Political Science
University of Connecticut Law School
December 01, 2016
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 ....
There is a technical question as to whether these regulations will be valid.
The Treasury and IRS recently issued proposed regulations intended to affect the valuation of closely held business interests transferred to family members.
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 ....
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 ....
Tax season is always hectic for accounting firms — which for years have called in temporary reinforcements, from college interns to experienced freelance tax professionals ....
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 ....
The Internal Revenue Service clarified a number of issues concerning the taxation of bitcoin and other "cryptocurrency" last year in Notice 2014-21.
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, ....
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 ....
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 ....
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 ....
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 ....
August 01, 2014
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 ....
Broader Definition of Material Participation Means Potential Tax Benefits for All Trusts with Business Ownership Interests
Michael D'Addio a principal in the Tax & ....
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 ....
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 ....
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 ....
September 30, 2013
Obamacare Forces Changes in Health Spending Accounts
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 ....
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) ....
January 18, 2013
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.