201-896-4100

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.

Biography

Frank L. Brunetti practices in the areas of estate and wealth preservation, tax planning for business entities and complex tax matters. In more than 40 years of practice, he has handled 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. 

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.

 

Education

  • New York University School of Law (LL.M. in Taxation, 1977)
  • Duquesne University School of Law (JD, 1973)
  • Rutgers University (BA, 1970)

Bar Admissions

  • New Jersey
  • U.S. District Court for the District of New Jersey
  • U.S. Tax Court
  • New York

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)
Videos

Tax Return Strategies Used For Wealth Building

Date: 10-09-2012

Tax Issues that Impact Your Wealth Part VII

Date: 03-06-2012

Tax Issues that Impact Your Wealth Part VI

Date: 02-27-2012

Tax Issues that Impact Your Wealth Part V

Date: 02-21-2012

Tax Issues that Impact Your Wealth Part IV

Date: 02-13-2012

Tax Issues that Impact Your Wealth Part III

Date: 02-02-2012

Tax Issues that Impact Your Wealth Part II

Date: 01-20-2012

Tax Issues that Impact Your Wealth Part I

Date: 01-16-2012

 

 

Education

  • New York University School of Law (LL.M. in Taxation, 1977)
  • Duquesne University School of Law (JD, 1973)
  • Rutgers University (BA, 1970)

Bar Admissions

  • New Jersey
  • U.S. District Court for the District of New Jersey
  • U.S. Tax Court
  • New York

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)
Publications
TitlePublisherDate
Negotiating Bilateral Tax Treaties, Manual Revision United Nations Committee of Experts on International Cooperation in Tax Matters, Geneva, Switzerland2016, 2010, 2009, 2006, 2005, 2003
Compensatory Distribution of Partnership InterestsTax Notes, Volume 150, Number 10March 7, 2016
@ISSUE: Is enough being done to catch tax cheats?Asbury Park PressMay 8, 2015
Post-Assessment Income Taxes Held Non-Dischargeable Under U.S. Bankruptcy CodeNew Jersey Law JournalJanuary 29, 2015
The Trusteed Individual Retirement AccountNew Jersey Law JournalDecember 17, 2014
Is the Right to Receive an Insurance Dividend an Incident of OwnershipNew Jersey Law JournalSeptember 9, 2013
Defining Ponzi-Scheme LossesNew Jersey Law JournalJune 2012
A Primer for Tax WhistleblowersThe Tax Magazine®April 2012
Yes, the IRS can Pierce the Corporate VeilNew Jersey Law JournalFebruary 2012
Circumventing the Priority of Federal Tax LiensReal Estate Tax Digest1997
Fundamentals of Tax Accounting Methods and PeriodsAmerican Law Institute - American Bar Association2007
View all Publications
Accounting Methods and PeriodsCCH Solutions Tax and Business Advisory Library2000
Right to Disclaim in Avoidance of Federal Tax Lien in Dispute Real Estate Tax DigestJanuary 1999
Significant Changes Proposed to Rules for House GRITSReal Estate Tax Digest1997

Education

  • New York University School of Law (LL.M. in Taxation, 1977)
  • Duquesne University School of Law (JD, 1973)
  • Rutgers University (BA, 1970)

Bar Admissions

  • New Jersey
  • U.S. District Court for the District of New Jersey
  • U.S. Tax Court
  • New York

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)
Representative Matters
  • Won on Protest to IRS Appeals assessment of trust fund of personal liability for withholding tax. Original assessment $2,113,405.  Result – no tax liability.

  • Settled by Protest to IRS Appeals original tax and fraud assessment of over $3,000,000. Fraud assessment dismissed; tax liability reduced to 10% of original assessment.

  • Settled a CAP audit assessment against a pension fund for failure to provide appraised closely held assets. Original assessment $330,000, settled – $30,000.

  • Settled on Appeal (New York sales tax) assessment over $250,000. Settled for $10,000.

  • Obtained favorable Letter Ruling regarding improper S election by disregarded entity. Client avoided double taxation on over $12,000,000.

  • Settled numerous sales and use tax audits at reduced amounts.

Education

  • New York University School of Law (LL.M. in Taxation, 1977)
  • Duquesne University School of Law (JD, 1973)
  • Rutgers University (BA, 1970)

Bar Admissions

  • New Jersey
  • U.S. District Court for the District of New Jersey
  • U.S. Tax Court
  • New York

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)