Bernard Rappaport is a tax partner at Anchin specializing in estate planning and taxation of closely held businesses. His client base consists of high net worth individuals, trusts and estates, real estate owners, law firms and money managers. He has assisted clients with sophisticated estate tax, income and multi-generational issues. Additionally, he has counseled clients on residency issues, and represented them on New York State residency tax audits.

With regard to estate planning, he has been involved with many high net worth families utilizing valuation techniques, family partnerships, and charitable entities. He has been involved in estate administration matters for a range of estates worth $10 million to $400 million, and has represented taxpayers before the IRS on valuation issues and deductibility of administrative expenses. Additionally, he has been involved in estate planning for real estate families in valuation and gifting, and the use of Freeze transactions to reduce the taxation of wealth transfers. He has also been involved in income tax planning for real estate dispositions (i.e. tax free exchanges, co-op and condominium conversions, dealer and transfer tax issues).

Bernie has served on the Partnership and Closely Held Business committees of the New York State Society of Certified Public Accountants (NYSSCPA). He is a former chairperson of their Estate Planning Committee, and remains a member of the committee. He has spoken for the NYSSCPA on valuation of closely held businesses, the use of GRATs, defective trusts and self canceling installment notes, succession planning, charitable remainder trusts, and generation skipping tax issues. Additionally, Bernie has chaired the annual S Corporation Conference for the New York State Society of Certified Public Accountants, and testified in Washington on proposed partnership regulations. He has also written several articles for professional publications and spoken on estate planning, valuation, and partnership taxation for the New York State Society of Certified Public Accountants.