James Grimaldi CPA, JD

James Grimaldi, a tax partner, has more than 30 years of experience providing strategic tax planning, research, and compliance services. His clients include business owners in a range of industries, including real estate, manufacturing, and family offices, as well as not-for-profits and high net worth individuals. As a tax attorney, he also advises clients on trust and estate planning. As a specialist in tax controversy, Jim represents clients before the IRS Appeals Office, the U.S. Tax Courts, and state and local taxing authorities on personal, business, and fiduciary income tax matters. He has successfully navigated the private letter ruling filing process, and as a result, was able to save millions of dollars in tax. Jim also has deep expertise in state residency audits, helping clients to minimize tax exposures and penalties. In addition, Jim is highly knowledgeable in federal and state tax credits. In the state tax area, he advises clients on various state and local tax issues, including state tax nexus. As a business consultant, Jim helps S corporations, limited liability companies, and flow-through entities with tax planning and projections throughout the year. He works with closely held, family-owned businesses and commonly controlled businesses. For clients in the manufacturing industry, he advises on business purchases and sales. As a member of the firm’s Trust and Estate Practice and chair of its Education Committee, Jim helps individuals and families preserve and grow their wealth through a variety of tax-efficient strategies. He is regularly involved with probating wills and assisting trustees, executors, and administrators in overseeing estates and trusts. He has also served as an executor and trustee. Jim is a member of the Tax Section of the American Institute of Certified Public Accountants (AICPA), the New York State Society of Certified Public Accountants (NYSSCPA) and the Tax Section of the New York State Bar Association (NYSBA) and serves on the Trusts and Estates Committee. In October 2002, the Department of the Treasury appointed Jim to the Taxpayer Advocacy Panel.