Building a business and acquiring wealth took ambition, skill, and determination. Maintaining your wealth requires that same level of skill and attention to accomplish lifetime objectives, reach your philanthropic goals, and preserve your legacy.

Proficient tax and accounting professionals relieve the stress points in your daily routine.

Managing wealth, complying with tax regulations and requirements, bill paying and handling impromptu financial matters is tedious. Marcum’s Family Wealth Services Group is comprised of accomplished tax and accounting professionals whose expertise allows you the freedom to focus on the principal areas of your life.

In addition to handling a myriad of tax filings and returns, Marcum tax professionals provide personal income, trust and estate, and charitable tax planning services. They are available to serve as your Family Office, overseeing your financial affairs.

You customize the level of service best tailored to your needs.

Personal Income

  • Prepare quarterly estimates, extensions, and tax returns.
  • Recommend structures for business liability and tax planning purposes (i.e., limited partnerships, limited liability companies, and S and C corporations).
  • File federal, state, and local income tax returns for individuals and entities.
  • Prepare required U.S. reporting information for foreign transactions.
  • Federal and state tax audit representation.
computer monitor with financial charts
people sitting around table

Trust & Estate

  • Estate and lifetime gift plans for high net worth individuals, including resident aliens.
  • Liquidity analysis for estates with illiquid assets.
  • Valuation of family partnerships and other entities for transfer tax purposes.
  • Prepare estate and gift, and fiduciary income tax returns.
  • Prepare trust and estate judicial and non-judicial accountings.
  • Assist executors in navigating the estate administration process.
  • Mediate family disputes over inherited or inheritable assets.
  • Ensure third-party trust and estate administration and legal services are high-quality and cost-effective.
  • Advise trustees of U.S. and foreign trusts regarding tax compliance issues for U.S. and foreign beneficiaries.
group of people smiling and looking at piece of paper

Charitable Planning Services

  • Charitable strategies using private foundations, donor advised funds, charitable remainder and charitable lead trusts.
  • Sophisticated gifting and estate planning strategies.
  • Structured gifts such as university chairs, fellowships, trusts, and annuities.
  • Engaging heirs in philanthropic endeavors.
  • Prepare and file application for recognition of exemption.
  • Prepare foundation tax returns, including unrelated business income tax returns, if applicable.
  • Prepare and file quarterly excise taxes.
  • Perform full charge bookkeeping, financial statement preparation and accounting services.
  • Manage charitable activities including grant making, compliance of 5% distribution requirement, and expenditure responsibility.
  • Oversee public disclosure compliance and governance.
  • Oversee compliance regarding prohibited transactions—self dealing, jeopardizing transactions or excess business holdings.
stacks of coins
man standing and women sitting

Family Office

  • Prepare customized financial statements including cash flow analysis, income statements, balance sheets, and budgets.
  • Bill paying.
  • Specializing in the management of multiple personal properties.
  • Facilitate luxury lifestyle financing.
  • Household payroll services, including benefit administration.
  • Assist with related entity administration: partnerships, trusts, corporations, and charitable foundations.
  • Reconcile investment portfolios.
  • Assist with bank, brokerage and third-party cash and securities transfers.
  • Insurance reviews.
  • Prepare a customized “Life Book” cataloging advisors, bank accounts, investments, current balance sheet and income statements, insurance and benefits, analysis of charitable donations, and personal legal documents.

Publication

2019 Year-End Tax Guide

The Marcum Tax Guide is a reference to be used when you need a quick refresher on certain tax aspects, whether for individual, corporate, international, or estate and gift tax planning application.

Contacts

Select the region to view contacts.

Carolyn  Mazzenga

Carolyn Mazzenga

Office Managing Partner

  • Tax & Business
  • Melville, NY
David  Appel

David Appel

Senior Partner

  • Tax & Business
  • Miami, FL
Robert L. Babek

Robert L. Babek

Office Managing Partner

  • Tax & Business
  • Los Angeles, CA
Janis L. Cowhey

Janis L. Cowhey

Partner

  • Tax & Business
  • New York, NY
Ronald  Finkelstein

Ronald Finkelstein

Partner

  • Tax & Business
  • Melville, NY
David  First

David First

Partner

  • Tax & Business
  • New York, NY
Rorrie  Gregorio

Rorrie Gregorio

Family Office Leader

  • Tax & Business
  • New York, NY
Kathleen  Lens

Kathleen Lens

Partner

  • Tax & Business
  • Philadelphia, PA
Michele  Lipson

Michele Lipson

Partner

  • Tax & Business
  • Miami, FL
Thomas  McGlone

Thomas McGlone

Partner

  • Tax & Business
  • Philadelphia, PA
John J. Mezzanotte

John J. Mezzanotte

Office Managing Partner

  • Tax & Business
  • Greenwich, CT
Armand  Rossi

Armand Rossi

Partner

  • Tax & Business
  • New Haven, CT
Jeffrey  Saltzer

Jeffrey Saltzer

Partner

  • Tax & Business
  • New York, NY