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Neil D. Katz

Special Assistant Professor of Accounting, Taxation, and Legal Studies in Business


Degrees

LLM, 1994, New York Univ (NYU); JD, 1991, University of Pennsylvania; BBA, 1988, Hofstra Univ


Bio

Neil D. Katz is the Managing Partner of Katz, Smith & Chwat, P.C. and is responsible for the administration of the firm’s overall practice. He serves as lead attorney for many of the firm’s tax controversy and planning, corporate sales and acquisitions, business planning and transactions, and estate planning matters.

Neil’s practice focuses on federal and state income tax issues, as well as matters relating to corporate, partnership, estate and gift taxation. His services include strategic planning and drafting various business agreements and complex estate plans, and negotiation and representation in the acquisitions or sales of business interests. He has represented clients before all administrative levels of the Internal Revenue Service and the New York State and New York City Tax Departments as well as the U.S. Tax Court and the New York State and New York City Divisions of Tax Appeals and Tax Appeals Tribunal.

Among the key strengths that Neil brings to his role at KSC is an analytical approach to problem-solving. He enjoys breaking down very complex subjects and communicating them in terms that can be easily understood. His thorough technical knowledge of Internal Revenue and New York State tax laws is also valued by KSC clients and the firm’s professional colleagues.

Neil is a professor of Taxation at the Frank G. Zarb School of Business at Hofstra University, where he applies both his extensive technical expertise and effective communication skills, teaching in both the undergraduate accounting program and the graduate tax program. He is also frequently called upon to speak before various professional organizations, including the New York State Society of CPA’s, National Conference of CPA Practitioners, Nassau and Suffolk County Bar Associations, Financial Planners Association, Suffolk and Nassau County Estate Planning Councils as well as many local and regional CPA firms. Neil has also been a featured lecturer at the LIU Post Tax & Accounting Institute and the Hofstra University Entrepreneurial Assistance Program.

Neil is a primary lecturer and contributor to the development of the Katz Tax Seminars, LLC; a well- recognized, widely attended continuing education program registered with the National Association of State Boards of Accountancy as a sponsor of continuing education on the National Registry of CPE Sponsors.

In May of 2012 Neil testified as an expert witness at a hearing before the United States House of Representatives, Committee on Small Business, Sub-Committee on Economic Growth and Capital Access. At the hearing titled “Planning for the Death Tax: Can Small Businesses Survive?” Neil testified on the impact that the Estate Tax rules have on small business owners and their families.

In 2001, Neil was named as one of Long Island’s “40 Rising Stars Under 40” by the Long Island Business News. In June, 2013 was listed in the LIBN “Who’s Who in Corporate Law.” Neil was also recognized as a “Top Ten Legal Eagle” for his work in Corporate, Contracts & Business Law by Long Island Pulse Magazine in 2014.

Neil has co-authored a number of articles that have appeared in various professional publications, including the CPA Journal, the New York State Bar Association Elder Law Attorney, the Nassau Lawyer, and the Suffolk Lawyer.

Neil resides in Dix Hills, New York with his wife and their two daughters.

Published Articles

The Tax Implications of Divorce Part One – Alimony, The Journal of Taxation, Scheduled for Publication November 2017, with co-author Gina M. DiGaudio
Does the Increased Estate Tax Exemption and Portability Mean the Death of Estate Planning?, Nassau Lawyer, November 2014, with co-author Robert Katz
iPad: Changing Computing for Lawyers, The Nassau Lawyer, March 2012, with co-author Michael Glasser
What Planners Needs to Know About Portability, CPA Journal, December 2011, with co-author Robert Katz
Tax Consequences of the Marriage Equality Act, The Suffolk Lawyer, September 2011, with co-author Robert Katz
Death in 2010: Federal Estate Tax Election, New York State Bar Association Elder Law Attorney, Spring 2011, with co-author Robert Katz
The Carry-Over Basis Dilemma, The Nassau Lawyer, December 2010, with co-author Robert Katz
New Preparer Penalties: ‘Let’s Be Careful Out There’, CPA Journal, July 2008, with co-authors Robert Katz, Harold Finkelstein and Anthony Basile
The Role of the Tax Attorney in Diverse Business Transactions, The Hauppauge Reporter, April 2000

Recent Speaking Engagements and Presentations

Tax Strategies for Estate. Retirement and Financial Planning, National Business Institute, November 7, 2017
Valuation Issues in Business Succession Planning, NYSSCPA/FAE Business Valuation Conference, May 15, 2017
Utilizing Trusts as IRA Beneficiary & The Related Tax Consequences, Estate Planning Council of Suffolk County, May 25, 2017
Trusts as IRA Beneficiary, Estate Planning Council of Suffolk County, May 11, 2016
Charitable Trusts, National Business Institute, October 26, 2016
Top 10 Common Estate Planning Mistakes, Network of Allied Professionals, Inc., November 3, 2016
1040 Update, Long Island Tax Practitioners Symposium (National Conference of CPA Practitioners and Internal Revenue Service), November 16 and 17, 2016
Top 10 Common Estate Planning Mistakes, Long Island Tax Practitioners Symposium (National Conference of CPA Practitioners and Internal Revenue Service), November 18, 2016
Annual Tax Update, NYSSCPA Nassau Chapter, December 3 and 4, 2016
Annual Tax Update, NYSSCPA Suffolk Chapter, December 10, 2016

Honors and Awards

“Top Ten Legal Eagle,” Corporate, Contracts & Business Law, Long Island Pulse Magazine, 2014
“Who’s Who in Corporate Law,” Long Island Business News, 2013
“Rising Star,” Long Island Business News 40 Rising Stars Under 40, 2001

Education

New York University, LL.M. in Taxation, 1994
University of Pennsylvania, J.D., 1991
Hofstra University, B.B.A. in Accounting, 1988

Professional/Civic/Philanthropic Affiliations

American Bar Association, Member
New York State Bar Association, Member
Nassau County Bar Association, Member
Chair, Attorney/Accountants Committee, (2013-2014)
Suffolk County Bar Association, Member
Chair, Solo and Small Firm Practice Committee (2008-2010)
Suffolk County Estate Planning Council, Member
President (2011-2013)
Executive Board (2009-2015)
Nassau County Estate Planning Council, Member
New York State Society of CPAs, Associate Industry Member
Long Island Practitioner/IRS Liaison Committee, Member
Villa Veritas Foundation, Director

Admissions

State Bar of New York
Does the Increased Estate Tax Exemption and Portability Mean the Death of Estate Planning?, Nassau Lawyer, November 2014, with co-author Robert Katz
iPad: Changing Computing for Lawyers, The Nassau Lawyer, March 2012, with co-author Michael Glasser
What Planners Needs to Know About Portability, CPA Journal, December 2011, with co-author Robert Katz
Tax Consequences of the Marriage Equality Act, The Suffolk Lawyer, September 2011, with co-author Robert Katz
Death in 2010: Federal Estate Tax Election, New York State Bar Association Elder Law Attorney, Spring 2011, with co-author Robert Katz
The Carry-Over Basis Dilemma, The Nassau Lawyer, December 2010, with co-author Robert Katz
New Preparer Penalties: ‘Let’s Be Careful Out There’, CPA Journal, July 2008, with co-authors Robert Katz, Harold Finkelstein and Anthony Basile
The Role of the Tax Attorney in Diverse Business Transactions, The Hauppauge Reporter, April 2000

Recent Speaking Engagements and Presentations

Tax Strategies for Estate. Retirement and Financial Planning, National Business Institute, November 7, 2017
Valuation Issues in Business Succession Planning, NYSSCPA/FAE Business Valuation Conference, May 15, 2017
Utilizing Trusts as IRA Beneficiary & The Related Tax Consequences, Estate Planning Council of Suffolk County, May 25, 2017
Trusts as IRA Beneficiary, Estate Planning Council of Suffolk County, May 11, 2016
Charitable Trusts, National Business Institute, October 26, 2016
Top 10 Common Estate Planning Mistakes, Network of Allied Professionals, Inc., November 3, 2016
1040 Update, Long Island Tax Practitioners Symposium (National Conference of CPA Practitioners and Internal Revenue Service), November 16 and 17, 2016
Top 10 Common Estate Planning Mistakes, Long Island Tax Practitioners Symposium (National Conference of CPA Practitioners and Internal Revenue Service), November 18, 2016
Annual Tax Update, NYSSCPA Nassau Chapter, December 3 and 4, 2016
Annual Tax Update, NYSSCPA Suffolk Chapter, December 10, 2016

Honors and Awards

“Top Ten Legal Eagle,” Corporate, Contracts & Business Law, Long Island Pulse Magazine, 2014
“Who’s Who in Corporate Law,” Long Island Business News, 2013
“Rising Star,” Long Island Business News 40 Rising Stars Under 40, 2001

Education

New York University, LL.M. in Taxation, 1994
University of Pennsylvania, J.D., 1991
Hofstra University, B.B.A. in Accounting, 1988

Professional/Civic/Philanthropic Affiliations

American Bar Association, Member
New York State Bar Association, Member
Nassau County Bar Association, Member
Chair, Attorney/Accountants Committee, (2013-2014)
Suffolk County Bar Association, Member
Chair, Solo and Small Firm Practice Committee (2008-2010)
Suffolk County Estate Planning Council, Member
President (2011-2013)
Executive Board (2009-2015)
Nassau County Estate Planning Council, Member
New York State Society of CPAs, Associate Industry Member
Long Island Practitioner/IRS Liaison Committee, Member
Villa Veritas Foundation, Director

Admissions

State Bar of New York


Recent Courses Taught

Course Title Level
ACCT 144 INCOME TAX ACCT 2 Undergraduate
TAX 222 FDRL INC TAX OF CORP Graduate
TAX 223 FED INC TAX LQDTN,MERGER,REORG Graduate
TAX 229 ADV INDIVID TAX PROBLEMS Graduate
TAX 242 "S" CORP/ADV CORP PR Graduate
TAX 309 RESEARCH SEMINAR Graduate
Photo of Neil Katz

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