Lori Silver is an estate planning and tax attorney and limits her practice to those areas of law. A third generation lawyer, she has practiced law for thirty years. Lori is also a CPA and has an LL.M. in Taxation, a Master's degree for lawyers specializing in taxation. In her estate planning practice, she prepares wills, trusts, powers of attorneys and drafts and implements sophisticated techniques where they would be useful.
In her tax practice, she prepares tax returns for individuals, trusts and estates, does Offers in Compromise, and helps troubled taxpayers by advising them about their options to deal with insurmountable tax debt. We prepare tax returns for individuals, trusts and estates. Lori meets with clients annually to understand their specific situations and is knowledgeable about the myriad tax deductions to minimize her clients' taxes.
Every parent would prefer seeing their children or a charity inherit their estate with little or no taxes. Ms. Silver can plan an estate to reduce the estate taxes and still meet the family goals of inheritance, control, and asset protection.
In her tax practice, she prepares tax returns for individuals, trusts and estates, does Offers in Compromise, and helps troubled taxpayers by advising them about their options to deal with insurmountable tax debt. We prepare tax returns for individuals, trusts and estates. Lori meets with clients annually to understand their specific situations and is knowledgeable about the myriad tax deductions to minimize her clients' taxes.
Every parent would prefer seeing their children or a charity inherit their estate with little or no taxes. Ms. Silver can plan an estate to reduce the estate taxes and still meet the family goals of inheritance, control, and asset protection.
Services
Taxation
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The Law Office of Lori Silver has a tax practice which prepares tax returns primarily for individuals, trusts and estates.
She meets with clients annually to understand their specific situations and is knowledgeable about the myriad of tax deductions to minimize her clients' taxes.
Lori also is a tax consultant, doing tax planning for individuals.
This includes planning for wealthy individuals to reduce their income or estate taxes.
Many clients don't realize that taxes may be incurred as a result of a foreclosures.
She meets with clients annually to understand their specific situations and is knowledgeable about the myriad of tax deductions to minimize her clients' taxes.
Lori also is a tax consultant, doing tax planning for individuals.
This includes planning for wealthy individuals to reduce their income or estate taxes.
Many clients don't realize that taxes may be incurred as a result of a foreclosures.
Tax Controversy
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Some clients owe more taxes than they can ever repay in a lifetime.
Ms. Silver assesses their ability to pay off old tax debt, and recommends a course of action, whether it is applying for an Offer in Compromise, doing an Installment Agreement, being designated as currently uncollectible with zero monthly payments, or applying for bankruptcy.
In addition, Ms. Silver advises her clients how to handle their current withholding or sets them up on quarterly estimates so that their tax problems don't occur again.
Ms. Silver assesses their ability to pay off old tax debt, and recommends a course of action, whether it is applying for an Offer in Compromise, doing an Installment Agreement, being designated as currently uncollectible with zero monthly payments, or applying for bankruptcy.
In addition, Ms. Silver advises her clients how to handle their current withholding or sets them up on quarterly estimates so that their tax problems don't occur again.
Offers in Compromise
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In a shocking development, in 2012 the IRS dramatically improved the Offer in Compromise program for challenged taxpayers.
An Offer in Compromise is an application to the IRS on behalf of troubled taxpayer who owes a substantial tax debt and has little or no hope of repaying it over their lifetime.
Finally recognizing that these are challenging times and that the Offer program is not helping enough taxpayers, the IRS has improved the program dramatically.
The Offer program has complicated formulas between a taxpayer's assets and their monthly income, ending up with a dollar amount offered to the IRS to satisfy a taxpayer's tax debt.
An Offer in Compromise is an application to the IRS on behalf of troubled taxpayer who owes a substantial tax debt and has little or no hope of repaying it over their lifetime.
Finally recognizing that these are challenging times and that the Offer program is not helping enough taxpayers, the IRS has improved the program dramatically.
The Offer program has complicated formulas between a taxpayer's assets and their monthly income, ending up with a dollar amount offered to the IRS to satisfy a taxpayer's tax debt.
Estate Planning
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Every parent would prefer seeing their children or a charity inherit their estate with little or no taxes.
Ms. Silver can plan an estate to reduce the estate taxes and still meet the family goals of inheritance, control, and asset protection.
She can implement a myriad of strategies from the most simple will or trust to charitable strategies, such as Charitable Remainder or Lead Trusts, or other more complicated strategies to achieve her clients' estate planning goals.
Lori Silver also offers trustee, probate and trust administration services to her clients.
Ms. Silver can plan an estate to reduce the estate taxes and still meet the family goals of inheritance, control, and asset protection.
She can implement a myriad of strategies from the most simple will or trust to charitable strategies, such as Charitable Remainder or Lead Trusts, or other more complicated strategies to achieve her clients' estate planning goals.
Lori Silver also offers trustee, probate and trust administration services to her clients.
Estate Tax Update
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This means that a couple can transfer up to $22.4 million dollars through gifts or their estate without incurring estate tax.
For bigger or more complicated estates, we can do planning to reduce the tax impact.
Lori Silver offers estate planning, trustee, and probate and trust administration services to her clients.
Lori Silver helped me with my estate planning as well as my tax-related work.
She has the natural ability to explain very difficult concepts in basic terms so I can understand my finances.
For bigger or more complicated estates, we can do planning to reduce the tax impact.
Lori Silver offers estate planning, trustee, and probate and trust administration services to her clients.
Lori Silver helped me with my estate planning as well as my tax-related work.
She has the natural ability to explain very difficult concepts in basic terms so I can understand my finances.
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