Ms. Abelaj is Senior Counsel at the firm in the trusts and estates group. Her practice focuses on various areas of tax, with specific experience in estate planning and administration, not-for-profit organizations and charitable planning, and gift and generation-skipping transfer tax planning.
As a New Yorker and someone who advises New York residents, I think it’s encouraging that the state and city are still trying to look out for their taxpayers, but it doesn’t seem like the plans will pass muster with the IRS.
The New York City Council is trying to make it easier for taxpayers to work around new federal deduction limits that are plaguing high-tax states.