• 201-896-4100 info@sh-law.com
  • James F. McDonough, Jr. concentrates on wealth preservation and estate planning for high net worth individuals, closely held business matters and ownership succession, estate administration and income tax planning. He worked for three years for the public accounting firm, then known as Touche Ross, where he obtained his license as a Certified Public Accountant in 1983. In 1984, he was employed as a tax attorney by Union Camp Corporation where he engaged in planning for corporate income deferred compensation, qualified plan and tax-free exchanges. In 1986, Mr. McDonough was employed as Tax Manager for Monroe Systems For Business, Inc. Thereafter, he was employed as a tax attorney for five years where he engaged in corporate and estate tax planning and estate administration and litigation.

    Biography

    James F. McDonough, Jr. concentrates on wealth preservation and estate planning for high net worth individuals, closely held business matters and ownership succession, estate administration and income tax planning. He worked for three years for the public accounting firm, then known as Touche Ross, where he obtained his license as a Certified Public Accountant in 1983. In 1984, he was employed as a tax attorney by Union Camp Corporation where he engaged in planning for corporate income deferred compensation, qualified plan and tax-free exchanges. In 1986, Mr. McDonough was employed as Tax Manager for Monroe Systems For Business, Inc. Thereafter, he was employed as a tax attorney for five years where he engaged in corporate and estate tax planning and estate administration and litigation.

    Education

    • Thomas Jefferson School of Law (L.L.M., 2006)
    • Georgetown University Law Center (M.L.T., 1988)
    • Seton Hall University School of Law (J.D., 1980)
    • Rutgers Graduate School of Management (M.B.A., 1984)
    • William & Mary, Williamsburg, Virginia (B.B.A., 1977)

    Bar Admissions

    • New Jersey (1980)
    • New York (1988)
    • U.S. District Court District of New Jersey (1981)
    • U.S. Court of Appeals 3rd Circuit, 1981
    • U.S. Tax Court (1981)

    Affiliations

    • ABA, Tax, Real Property, Trust and Probate Sections, 1981 – Present
    • NJSBA, 1981 – Present
    • AICPA, 1981 – Present
    • NJSCPA, 1981 – Present )
    • International Compliance Association
    • International Fiscal Association (IFA)
    • International Tax Institute (ITI)
    • International Tax Planning Associate (ITPA)
    Blogs

    Partnerships Can No Longer Treat Partners as Employees for Tax Purposes

    Posted on Thursday August 18, 2016
    New regulations change how partnerships treat partners as employees The IRS and the U.S. Department of Treasury recently issued regulations to address the way the former taxes partners in a partners...

    3rd Circuit Court Overturns Decision in Giant Eagle Inc v Commissioner

    Posted on Friday August 05, 2016
    What does overturned decision in Giant Eagle Inc v Commissioner mean for future of tax deductible liability regulations? The 3rd Circuit recently overturned an IRS decision with the assertion that Gia...

    Demystifying the Most Common Parts of New Overtime Pay Rules

    Posted on Wednesday July 20, 2016
    Understanding the New Overtime Pay Rules One of the issues with the new overtime pay rules regarding wage and hour regulations is companies are unaware of the major changes of the proposal, which is ...

    The New Bipartisan Budget Act of 2015

    Posted on Monday June 27, 2016
    The new Bipartisan Budget Act of 2015 could have massive tax implications for partnerships Congress recently revamped the rules by which the IRS examines partnerships for tax purposes with the repeal ...
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    Education

    • Thomas Jefferson School of Law (L.L.M., 2006)
    • Georgetown University Law Center (M.L.T., 1988)
    • Seton Hall University School of Law (J.D., 1980)
    • Rutgers Graduate School of Management (M.B.A., 1984)
    • William & Mary, Williamsburg, Virginia (B.B.A., 1977)

    Bar Admissions

    • New Jersey (1980)
    • New York (1988)
    • U.S. District Court District of New Jersey (1981)
    • U.S. Court of Appeals 3rd Circuit, 1981
    • U.S. Tax Court (1981)

    Affiliations

    • ABA, Tax, Real Property, Trust and Probate Sections, 1981 – Present
    • NJSBA, 1981 – Present
    • AICPA, 1981 – Present
    • NJSCPA, 1981 – Present )
    • International Compliance Association
    • International Fiscal Association (IFA)
    • International Tax Institute (ITI)
    • International Tax Planning Associate (ITPA)