December 2019 Edition
Committed to Providing our Clients With Integrated Solutions for Their Tax, Business and Estate Planning Needs
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Tax ● Estate and Succession Planning ● Business Agreements and Transactions ● Probate and Estate Administration ● Elder Law and
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Breaking News
Congress Set to Pass Major Retirement Account Changes
7 months after being overwhelmingly passed by the House of Representatives, it appears that Congress is finally going to enact the Setting Up Every Community for Retirement Enhancement (SECURE) Act. The Act was attached on Monday, December 16 th , to an appropriations bill that must pass by Friday, December 20 th , and all signs point to its passage and immediate signing into law by President Trump.

The legislation makes a number of changes to retirement plans with perhaps the most significant changes directed at IRAs. Along with allowing individuals to continue to contribute to IRAs beyond age 70½ and moving the age at which individuals must begin to take distributions back to 72, SECURE makes a massive change to IRA planning by eliminating the “stretch” IRAs that beneficiaries were able to take advantage of after the death of an IRA account owner.

The changes made by SECURE will cause many existing plans to have to change and will introduce new concepts to planning that have never before been considered.  This, along with many other factors, makes updating one’s estate planning absolutely crucial as the calendar turns to 2020. If you have any questions about how the SECURE Act impacts your planning, or any other questions about estate planning, please reach out to us.  
Latest Blog
Types of Charitable Planning and Their Tax Benefits
Charitable planning is gaining popularity not just for those with philanthropic desires, but also for those looking to take advantage of certain tax benefits that charitable planning may provide.

At Katz Chwat, P.C. we are happy to discuss which option is best for you.

In our latest blog we talk about what some of those options are, and how they can benefit you.
We are proud to share that our Managing Partner Neil Katz, and Associate Alyssa Danziger were published in the December issue of Nassau Lawyer.

Practitioners in the field of estate planning have countless reasons to recommend the execution of trusts to their clients. Presumably, the advisor would be well versed in the various benefits and implications of all types of trusts. However, they must not only be aware of the legal consequences of the recommended plan, but they must also be aware of the tax consequences that the grantor, trustee, and beneficiaries of the trust may face. 
Upcoming Seminars

Katz Tax Seminars is a leading provider of live Continuing Professional Education seminars in Taxation.

If you missed the December series there is still time to register for January 2020
 Individual Tax Update 
The seminar will focus on the changes that affect the preparation of the 2019 Form 1040, including a complete discussion of the aftermath of the Tax Cuts and Jobs Act and the recent guidance that has been issued to address these and other provisions. In addition, there will be a discussion of the latest case law, rulings and other current developments that affect the 2019 tax year.
Course Level: Intermediate/Advanced
CPE Credits: 8

click date to register

8:30 a.m. - 4:30 p.m.
Entity & NYS Tax Update   

This seminar will focus on the 2019 Federal entity returns, highlighting how the business provisions of the Tax Cuts and Jobs Act and the subsequent regulatory guidance impact the preparation thereof. In addition, the NYS Individual and Entity returns will be discussed, with a focus on cases, regulations and rulings and how the NYS Budget bills affect the 2019 tax returns.
Course Level: Intermediate/Advanced
CPE Credits: 8

click date to register

8:30 a.m. - 4:30 p.m


Melville Marriott
1350 Old Walt Whitman Road
Melville, NY 11747
Winter Food Drive

December 2, 2019 - January 31, 2020

Katz Chwat, P.C. & Katz Tax Seminars will be hosting a food drive this winter in support of the Long Island Cares food bank. 

We are just two weeks into our food drive and want to say thank you to those who have already played a part in making this a success! As a reminder we have a drop box located in our office and at both the upcoming Katz Tax Seminars.


Long Island Cares is one of the region’s most comprehensive hunger assistance organizations, serving thousands of individuals and families in need and making a significant impact within our communities. Founded as the first food bank on Long Island, New York, in 1980 by the late singer, Grammy Award-winning songwriter and social activist  Harry Chapin , Long Island Cares now provides nutritional food and support services for a network of nearly 600 community-based  member agencies , including  food pantries , soup kitchens, emergency shelters, child care programs, disability organizations, veterans’ services programs and more.

You can find additional details on our Facebook Event Page , like top 10 most needed items and facts about hunger across Long Island.


175 Broadhollow Road, Suite 130, Melville, NY 11747

  • December 2, 2019 through January 31, 2020 (please no early donations)
  • Monday-Friday | 9:00am - 5:00pm


Melville Marriott - 1350 Old Walt Whitman Road, Melville, NY 11747

  • December 4, December 13, January 10 & January 21 ONLY!
  • During Katz Tax Seminars | 8:30am - 4:30pm

Your generosity and support mean a lot!

Thank you on behalf of the entire Katz Chwat, P.C. & Katz Tax Seminars Teams.
Katz Chwat, P.C. | 175 Broadhollow Road, Suite 130, Melville, NY 11747 | Website