Frank L. Brunettiis an attorney at Scarinci Hollenbeck business law firm in Lyndhurst, NJ

Frank L. Brunetti

Of Counsel/Partner Emeritus
Chair of  Tax, Trusts, & Estates

Frank L. Brunetti Bio:


Frank L. Brunetti has been practicing law for forty years in the areas of estate and wealth preservation, tax planning for business entities and complex tax matters. He handles all aspects of client financial, family and tax matters including gift and estate planning, tax exempt organizations, family business arrangements and corporate tax matters. He has extensive experience in federal and state individual income and corporate tax compliance and tax controversy matters. He is admitted to the New Jersey and New York Bars as well as the United States Tax Court.

In addition to practicing law, Mr. Brunetti is a Professor of Taxation and Law at Fairleigh Dickinson University, where he teaches several graduate tax courses. He is the author of numerous articles and books in the income tax and estate planning field, including Fundamentals of Federal Tax Accounting published by the American Law Institute-American Bar Association. He continues to lecture extensively on topics that include tax accounting, corporate taxation and estate planning to name a few. Mr. Brunetti is also an Observer Member of the United Nations Committee of Experts on Cooperation in International Tax Matters.

Practices

  • • Wills, Trusts and Estates
  • • Individual Taxation
  • • Tax Exempt Entities
  • • Partnership Taxation
  • • Corporate Taxation
  • • International Taxation
  • • Tax Accounting

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Publications

Title Publisher Date
@ISSUE: Is enough being done to catch tax cheats? Asbury Park Press May 8, 2015
Post-Assessment Income Taxes Held Non-Dischargeable Under U.S. Bankruptcy Code New Jersey Law Journal January 29, 2015
The Trusteed Individual Retirement Account New Jersey Law Journal December 17, 2014
Is the Right to Receive an Insurance Dividend an Incident of Ownership New Jersey Law Journal September 9, 2013
Defining Ponzi-Scheme Losses New Jersey Law Journal June 2012
A Primer for Tax Whistleblowers The Tax Magazine® April 2012
Yes, the IRS can Pierce the Corporate Veil New Jersey Law Journal February 2012
Circumventing the Priority of Federal Tax Liens Real Estate Tax Digest 1997
Fundamentals of Tax Accounting Methods and Periods American Law Institute - American Bar Association 2007
Negotiating Bilateral Tax Treaties, Manual Revision United Nations Committee of Experts on International Cooperation in Tax Matters, Geneva, Switzerland 2010, 2009, 2006, 2005, 2003
Accounting Methods and Periods CCH Solutions Tax and Business Advisory Library 2000
Right to Disclaim in Avoidance of Federal Tax Lien in Dispute Real Estate Tax Digest January 1999
Significant Changes Proposed to Rules for House GRITS Real Estate Tax Digest 1997

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Blog

Important Ruling on the Throw Out Rule
Posted on Tuesday February 09, 2016

Throw Out RuleNJ Tax Court makes important ruling on the Throw Out Rule Recently, the New Jersey Superior Court Appellate Division upheld a previous decision that intangible holding companies are not required to throw out any out-of-state receipts. According to a Reed Smith report, the Court ruled in Lorillard Licensing Company LLC v Director, Div. of Taxation […]

The post Important Ruling on the Throw Out Rule appeared first on Tax, Trust, and Estate News.

ERISA Does Not Take Precedence Over State Law to Allow Discretionary Clauses
Posted on Tuesday January 26, 2016

discretionary clausesState Law & Discretionary Clauses The Seventh Circuit Court of Appeals refused to hear a case that involved Mary C. Fontaine, a retired equity partner from Mayer Brown LLP, who accused Metropolitan Life Insurance Co. of wrongfully denying her disability benefits. According to a Bloomberg BNA report, the court ruled that Employee Retirement Income Security […]

The post ERISA Does Not Take Precedence Over State Law to Allow Discretionary Clauses appeared first on Tax, Trust, and Estate News.

Taxpayer’s Asperger’s Not Reasonable Cause for Exemption
Posted on Thursday January 14, 2016

Asperger's Not Reasonable CauseAsperger's not reasonable cause for exemption in tax case The U.S. Tax Court recently ruled that an investor cannot cite mental health, specifically autism spectrum disorder, as an excuse for failure to file accurate federal income taxes because the taxpayer failed to present evidence that would constitute reasonable cause. Health reasons can provide reasonable cause […]

The post Taxpayer’s Asperger’s Not Reasonable Cause for Exemption appeared first on Tax, Trust, and Estate News.

New IRS Ruling Makes Roth IRAs More Profitable for Taxpayers
Posted on Wednesday December 30, 2015

Roth IRAs more profitableAre Roth IRAs more profitable for the taxpayer? Many taxpayers are wondering about the impact of the new IRS ruling on Roth IRA total annual contribution limits. According to a National Law Review report, on Oct. 21, the IRS ruling will create fewer limitations on after-tax contributions directly to Roth IRAs when a taxpayer retires, […]

The post New IRS Ruling Makes Roth IRAs More Profitable for Taxpayers appeared first on Tax, Trust, and Estate News.

NJ Defines Corporate Business Nexus Guidelines
Posted on Friday December 11, 2015

corporate business nexusCorporate business nexus guidelines The recent Technical Bulletin issued by the New Jersey Division of Taxation established a final set of guidelines for activities that subject a company to the corporate business nexus tax. These guidelines include a detailed description of activities that are outside the protection of Public Law 86-272 for in-state companies, according […]

The post NJ Defines Corporate Business Nexus Guidelines appeared first on Tax, Trust, and Estate News.

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Affiliations

American Bar Association

New Jersey State Bar Association (Member, Taxation Section)

Bergen County Bar Association

Bergen County Bar Foundation (1994-1999)

New Jersey Supreme Court Ethics Committee (Bergen County, 1984-1988)

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Videos

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