Steven J. Fromm
Steven J. Fromm & Associates, P.C.
Steven J. Fromm has been admitted to practice law in Pennsylvania since 1977. In addition to his law degree, he holds a doctorate of law degree, called an LL.M. in taxation, from the NYU Graduate Division School of Law received in 1977.
He became a C.P.A. in 1981 and is a member of the American Institute of Certified Public Accountants. From 1977 to 1981, he served as legal tax counsel for tax departments in Big 8 and regional accounting firms.
Since 1983, he has been admitted to practice tax law before the U.S. Tax Court.
Since 1981, he has practiced exclusively as an attorney and has concentrated his practice primarily in the areas of estate planning and estate administration, trust matters, including the use of marital deduction and unified credit trusts, irrevocable trusts, charitable trusts, family limited partnerships.
In addition to his estates practice, he also provides legal services involving individual, corporate and partnership tax planning, business acquisitions and sales.
His legal practice provides tax counsel and representation before the Internal Revenue Service, the Pennsylvania Department of Revenue, the City of Philadelphia, and other tax authorities. In addition, he provides income tax planning and preparation for individuals, trusts, corporations, partnerships and other business entities.
His practice also focuses on retirement planning, retirement plan drafting and administration, and charitable planning.
- Tax Law
- Business Taxes, Estate Tax Planning, Income Taxes, International Taxes, Payroll Taxes, Tax Audits, Tax Planning
- Estate Planning
- Trusts, Wills
- Probate
- Probate Administration
- Business Law
- Business Formation, Mergers & Acquisitions
- Tax Preparation
- FOREIGN TAXATION: FBARS, STREAMLINED SUBMISSIONS, RELATED TAX PREPARATION
- Credit Cards Accepted
- Pennsylvania
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- United States Tax Court
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- English: Spoken, Written
- AV Rated Tax, Estates and Trusts Attorney
- Steven J. Fromm & Associates, P.C.
- - Current
- Tax representation before the Internal Revenue Service, the Pennsylvania Department of Revenue, the City of Philadelphia, and other tax authorities. Income tax planning and preparation for individuals, trusts, corporations, partnerships and other business entities. It is his firm's philosophy that building personal relationships with each client is the key to rendering legal services successfully. Carefully listening to them about their particular tax or business situation or their individual goals for their family as it relates to their estate plan is imperative to successfully implementing and drafting the proper legal documents. Steven J. Fromm has been and continues to be committed to providing close, personal and individualized attention to each of his clients. He takes pride in giving them the assurance that the individualized personal assistance they receive from him comes from years of legal and tax training, practical experience and the never-ending study of law.
- Tax and Estates Attorney, CPA
- Margolis & Company
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- Tax and Estates Attorney, CPA
- Touche Ross & Company
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- Tax and Estates Attorney
- Deloitte & Touche
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- New York University School of Law
- LL.M. | Taxation
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- The John Marshall Law School
- J.D. | Law
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- Syracuse University
- B.A. | Psychology
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- Best Estate Planning Attorney 2021 – Philadelphia – the USA.
- Wealth & Finance International
- Corp Today Magazine, selected Steven J Fromm & Associates, PC in the 2021 Wealth & Finance Awards category as the Best Estate Planning Attorney 2021 – Philadelphia – the USA. Corp Today is recognized as the Best Business Magazine in the world for enterprises.
- AV Preeminent Peer Review Rated Attorney
- Martindale Hubbell
- This award indicates the highest possible rating in both legal ability and ethical standards. The AV Preeminent peer rating is the pinnacle of excellence earned through a strenuous peer review rating process that is managed and monitored by the world’s most trusted legal resource, Martindale Hubbell. See my profile and the “AV Preeminent” peer review rating.
- AV Preeminent Peer Review Rated Attorney
- Martindale Hubbell
- The Three Best Estate Planning Lawyers in Philadelphia
- Three Best Rated
- The Three Best Tax Lawyers in Philadelphia
- Three Best Rated
- Failing to Update Retirement Plans - How to Avoid IRS Plan Disqualification & Penalties by Using VCP
- Blog and Ezine Publications and Living Trust Network
- Michael Jackson and Farrah Fawcett: Estate Plan Wake Up Call
- Blog, Living Trust Network, Ezine Publications
- Silver Lining of a Bad Economy-Gifting of Shares of Stock in a Closely Held Business
- Blog, Fizz Law and Ezine Publications and The Exit Planning Advisor
- Gifting Shares In A Closely Held Business
- Journal of Accountancy
- Federal Estate and Gift Taxation, Federal Estate and Gift Taxation, Philadelphia PA
- All day lecture on estate and gift tax planning
- Family Limited Partnerships, Bucks County Association of CPA Seminar, Trevose, PA
- Bucks County Association of CPA Seminar
- Seminar exploring the tax advantages of the family limited partnerships, along with due diligence and drafting considerations.
- Legal & Tax Implications of Various Business Entities, Legal & Tax Implications of Various Business Entities, Willow Grove, PA
- Seminar discussing choice of various business entities, exploring tax and practical implications.
- Certified Public Accountant
- Commonwealth of Pennsylvania - Department of State
Steven J Fromm & Associates, PC
- Q. case law regarding a will that sets money in a trust for grandchildren & the grandchild dies before receiving said money
- A: Fellow attorney Cherewka offers sound advice. Understand that a trust's terms and provisions are what the trustee must follow. If the trust terms and provisions require the payment to the surviving grandchild, that is what the trustee must do. He has no discretion to do anything else and if he does not follow the terms of the trust, he breaches his fiduciary duty and can be sued for such violation. To be sure, you must have an estate planning attorney review the trust document.
- Q. My father in law died in Oct. He owned a home had a life insurance policy and a union pension. No will help?
- A: My fellow attorneys here offer sound advice. The only point to add is that due to Covid -19 many of the Register of Wills offices have either special or emergency procedures for getting an estate probated. You should probably retain an estates attorney to assist you.
- Q. Questions about selling an inherited house
- A: Attorney Oakley offers sound advice regarding the estate administration process. From a tax perspective, you want to value the real estate at its true value at the date of death. You will have this as your basis for purposes of selling the property. This is the so-called " step up" in basis to the date of death value. So if the property is valued at $100,000 and you sell it later for $105,000, you would report a $5,000 long term capital gain.
