Tamir Dardashtian, Esq. is a tax principal and licensed attorney in Anchin’s tax department, where he is also a member of the firm’s Private Client Group and Trust & Estates Services Group.
Throughout his career, Tamir has handled all aspects of taxation and planning for high net worth families and large trusts and estates. He brings a distinctive outlook and expertise to his clients.
Tamir has been involved with setting up creative estate plans and effective wealth transfer strategies for many of Anchin’s long-standing clients. He works closely with trustees and executors, leading them through intricate tax laws and collaborating with top professionals in the industry.
Tamir also specializes in the preparation of complicated estate and gift tax returns, fiduciary income tax returns, and judicial accountings and has rendered expert testimony in Surrogate Court.
Tamir is a frequent speaker on trust and estate topics. He has been a keynote speaker for the Foundation for Accounting Education (FAE) Estate Administration Conference and has authored numerous articles on a variety of subjects.
Tamir has published work in the Law Firm Partnership & Benefits Report and Accounting and Financial Planning for Law Firms; he has also been quoted in the New York Times and featured in several webinars:
- Anchin webinar “The Tax Effects of Healthcare and HIRE Legislation.”
- Anchin webinar “Charting a Course in Uncertain Waters: Finding Savings with Tax Planning Strategies.”
- Anchin webinar “Cashing in on the New Tax Law: Hot Topics in the 2010 Tax Relief Act.”
- Anchin webinar “Frequently Asked Questions about Year-end Tax Planning”
- Clarity Corporate Growth webinar “Estate Planning Strategies & What The Fiscal Cliff Might Mean To You."
Tamir is a member of the Estate Planning Council of NYC and is currently serving on the Estate Planning Committee of the New York State Society of Certified Public Accountants (NYSSCPA). Tamir completed his Bachelor’s Degree in Science – Business Administration with a focus in Accounting & Finance at the Boston University School of Management and completed his Juris Doctor at Brooklyn Law School. He is fluent in Hebrew & conversant in Farsi.
- Family Office Support and Business Management
- Private Client
- Tax Planning and Compliance
- Trusts and Estates
- Anchin's Year End Trusts & Estates SeriesDecember 17, 2020
This series provides insights on how estate and trust planners may capitalize on the market’s historically low interest rates, and how high net-worth families could take advantage of trust and estate planning strategies before the new administration takes office in January.
- Two Easy Ways to Use Low Interest Rates in Your Estate PlanNovember 24, 2020
Current estate planning has focused on utilizing a taxpayer’s historically large lifetime exemption because this amount is slated to decrease under the current law in a few years (and possibly sooner by government action). When the exemption has already been used, here are two more planning techniques that will also help the taxpayer benefit from the unusually low interest rate environment.
- Preserving Your Family Legacy with Spousal Lifetime Access Trusts (SLATs)November 13, 2020
We are currently experiencing a perfect storm for estate planning – a historically high Federal gift tax exemption coupled with depressed values, largely attributable to the pandemic. A married couple has the ability to transfer up to $23 million out of their estate with no gift tax payable. This exemption is scheduled to be reduced by half in five years, or sooner, through new legislation. While taking advantage of this significant estate planning opportunity is very appealing, many people are reluctant to part with this level of assets. Fortunately, there is a vehicle which allows for assets to be transferred to a trust, removing them from the estate, while still allowing access if needed.
- Gearing Up for Estate PlanningFebruary 28, 2020
Reviewing the previous year’s financial data when preparing taxes often spurs families to think about changes they may want to make in both the near and long term.
- Proper Funding of Revocable Trust is the Key to Unlocking its BenefitJune 28, 2019
If an estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including asset management (in the event that the owner becomes incapacitated), probate avoidance and privacy. But these benefits aren’t available if the trust isn’t funded.
- Crossing State Lines to Gain Tax Savings and Other BenefitsMay 31, 2019
People who live in states with high income taxes sometimes relocate to a state with a more favorable tax climate. A similar strategy can be available for trusts. If a trust is subject to high state income taxes, it may be possible to make changes to reduce tax exposure.
- A Total Return Unitrust Can Help Maintain Family Harmony March 20, 2019
A traditional trust can sometimes create a conflict between the lifetime and remainder beneficiaries. For example, investment strategies that provide growth that benefits remainder beneficiaries can leave lifetime beneficiaries with little or no annual payouts. This makes it more difficult for a person’s estate plan to achieve his or her objectives and places the trustee in a difficult position. A total return unitrust (TRU) may offer a solution.
- A SLAT Offers Estate Planning Benefits and Acts as a Financial Backup PlanFebruary 28, 2019
Some of the most effective estate planning strategies involve the use of irrevocable trusts, but it can be uncomfortable for someone to place assets outside of his or her control. What happens if a grantor’s financial fortunes take a turn for the worse after a large portion of wealth has been irrevocably transferred?
- What’s the matter with the Kiddie Tax today?February 5, 2019
Anchin's Tamir Dardashtian shares some alternatives.
- Use the Proper Tools to Fix a Broken TrustOctober 31, 2018
An irrevocable trust has long been a key component of many estate plans. But what if it no longer serves its original purpose? Is it too late to change it? Depending on applicable state law, there may be options to fix a broken trust.
- Beware IRD If Anticipating an InheritanceAugust 29, 2018
Most people are genuinely appreciative of inheritances, yet sometimes a well-intentioned gift can have steep tax consequences. While inherited property is typically tax-free to the recipient, this is not the case with an asset that is considered income in respect of a decedent (IRD). If someone inherits previously untaxed property, such as an IRA or other retirement account, the resulting IRD can produce significant income tax liability.
- Naming a minor as beneficiary of a life insurance policy or retirement plan can lead to unintended outcomesJuly 31, 2018
Challenges often occur in instances when a minor is designated as beneficiary — or contingent beneficiary — of a life insurance policy or retirement plan. While making a young child the beneficiary of such assets may seem like an excellent way to provide for him or her, in the case of a parent’s untimely death, doing so can have significant undesirable consequences.
- Turning Over the Keys to the Family BusinessDecember 29, 2017
Owning a business is one part of the American Dream, and seeing it successfully transferred to the next generation ensures that dream continues. Yet with competing interests among family members in addition to financial considerations, transferring a business to the next generation is often a daunting task. Having frank conversations with family members early on and employing the right experts can make the transfer easier.
- Does Taking Care of My Parents Mean That I've Made a Taxable Gift?October 31, 2017
As baby boomers age, younger generations must contemplate the question of what needs to be done when it comes to taking care of their parents. The answer depends upon where you reside and how payments are made.
- How to Minimize Estate IssuesJune 30, 2017
In recent years, the passing of pop culture icons has brought attention to the issue of estate matters. Michael Jackson’s death in 2009 posed an interesting estate valuation issue.
- Skipping a Generation - Why and HowAugust 31, 2016
Leaving assets to grandchildren might make sense for some estates with multi-generational goals
- The NYSSCPA Technical Hotline: the Expertise You DeserveJanuary 21, 2014
Anchin's Tamir Dardashtian shares his experiences as a hotline volunteer.
- Need Guidance? Remember the NYSSCPA Technical HotlineDecember 1, 2011
Anchin's Tamir Dardashtian shares that those who provide answers also benefit.
- In Agreement on Estate Taxes, Even More ComplicationsSeptember 9, 2011
Anchin's Tamir Dardashtian comments on this newly complex tax issue.
- The HIRE Act and the Health Care Reform ActsJune 1, 2010
It is safe to say that March 2010 was an extremely busy month for the tax community as President Obama signed into law the Hiring Incentives to Restore Employment Act (“HIRE Act”) on March 18, and the Patient Protection and Affordable Care Act on March 23, as amended by the Health Care and Education Reconciliation Act (“Health Care Reform Acts”) on March 30. The new laws have several significant tax-related provisions that affect individual and business taxpayers including law firms, attorneys, their staff, and their clients.
- Some Highlights of The Recently Enacted Stimulus BillApril 1, 2009
On Feb. 17, 2009, the newly elected President Obama signed into law the colossal $800 billion American Recovery and Reinvestment Act of 2009 (the “Act”). This 1,000-pluspage piece of legislation contains many important tax-breaks and enhancements that can benefit law firms and their clients, as well as individual attorneys and staff members and their families. This article addresses several of these key tax provisions included in the new act that may be advantageous.
- The Housing Assistance Tax Act And the Emergency Economic Recovery ActFebruary 1, 2009
In response to the nation’s economic downturn, former President Bush signed into law the Housing Assistance Tax Act of 2008 (“Housing Act”) on July 30, 2008 and the Emergency Economic Recovery Act of 2008 (“Bailout Plan”) on Oct. 3, 2008. The new laws have several significant tax-related provisions that affect individual and business taxpayers including law firms, attorneys, their staff, and their clients.