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Case Study: Tax Planning and Coordination

Tax Planning and Coordination

It was September 30th and Ms. Murphy’s tax accountants desperately needed long overdue information to complete her very complicated tax return by the October 15th deadline. Recently separated from her spouse and in a new demanding job, Ms. Murphy knew that she needed help in order to locate the necessary documents and information in time.

Upon hearing about JDJ through a close friend, Ms. Murphy turned to JDJ for assistance. We met with Ms. Murphy to obtain the documents she had accumulated to date, and we walked her through a series of questions designed to gather other pertinent tax sensitive information (such as personal gifts and charitable donations). We also met with Ms. Murphy’s tax accountant. Using the prior year tax return, as well as information obtained from the client and tax accountant, JDJ established a checklist of all her investments to ensure that we would be able to track what was still needed. Where there was missing information, JDJ called investment managers and private investment companies to obtain 1099s and K-1s. We closely examined investment and banking statements to identify deductible expenses and even called the town clerk where Ms. Murphy resided in order to get real estate tax information. With JDJ’s help, the tax return was filed correctly and on time.

Ms. Murphy continues to work with JDJ and now takes advantage of our Personal Accounting and Net Worth Reporting, Investment and Balance Sheet Administration and Lifestyle Management services as well.

Personal Accounting and
Net Worth Reporting

Mr. Edward was a very busy man with a family, two homes and multiple business ventures. As one of his ventures evolved, the complexity of Mr. Edward’s day-to-day activities increased.

Building Meaningful
Relationships

Jane and Joseph Cooper were referred to JDJ by their accountant, who knew their household employment situation was in disarray.

Trust and Estate
Administration

Mr. Jones had a complicated estate plan consisting of multiple trusts. In addition, he had a disabled child who would benefit from a special needs trust.

Real Estate
Management

The Wilson family decided to purchase a home in an area of Florida where they often vacationed, and asked JDJ to assist them with this undertaking.

Wealth Analysis Tools
and Reporting

Mr. Marcus is a successful entrepreneur with multiple wealth managers, an active interest in alternative investments, and a net worth of over $100 million.

Domestic Staffing
Support

The Martin family came to JDJ for assistance managing their busy lives, which included young children, demanding careers, and multiple homes.

Simplified Yacht
Ownership

Acquisition of a yacht can be one of the stepping stones you have planned for in your life. Taking care of details, to ensure you enjoy that achievement is our job.

Fiscal
Education

It can be challenging for children of affluence to handle money in a responsible manner. As a result of our long-term client relationships, JDJ often works with multiple generations of a family...

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