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Carmen Irizarry-Díaz assists US and international private clients in accomplishing their personal goals for legacy planning and charitable giving. Her practice encompasses all aspects of tax and charitable planning and related instruments and structures - including charitable foundations and trusts – the administration of trusts and estates, and related tax reporting and compliance, including the representation of clients and estates in intra-family controversies as well as before the Internal Revenue Service and other tax authorities. Carmen’s client base includes corporate executives, philanthropists, professionals, families with complex issues (including children with special needs), charitable entities, fiduciaries, and business owners – whom she also counsels on the efficient lifetime and death transfer, restructuring, and succession planning of their business interests, including sales, ESOPs, and other exit strategies. Carmen also advises accounting professionals on the reporting of transactions and compliance with adequate disclosure requirements.

Carmen is an empathetic listener who endeavors to understand her clients’ singular perspectives to best design their legacy plan and further their goals for preserving family harmony, providing incentives for social responsibility and positive values, and addressing the financial and philanthropic education of their legacy recipients. Carmen’s high standards of commitment to her clients and years of experience enable her to pinpoint core issues, create alternative and innovative courses of action, and identify the best strategies and opportunities while simplifying complexity, identifying efficiencies, and motivating others to take action, all in a client-centric, collaborative, and tax-conscious manner.

Carmen is a Martindale Hubbell AV® Preeminent (5 out of 5) rated tax attorney for ethical standards and professional ability in the areas of legal knowledge, analytical capabilities, judgment, communication, and legal experience, based on evaluations by other attorneys and the judiciary in the United States.

The Internal Revenue Service (IRS) publishes monthly the applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for October 2019 – Downward Trend Accelerates

The Internal Revenue Service (IRS) publishes monthly the applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for September 2019 – Downward Trend Continues

The applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520 rate (7520 rate) for a particular month
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for January 2019 – Generally Trending Down

The applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and Code Section 7520 rate (7520 rate) for a particular month are published by the Internal Revenue Service
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for September 2018 – Trending Up Again

The applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520 rate (7520 rate) for a particular month are published by the Internal Revenue Service (IRS) in a Revenue Ruling that is released around the 18th day of the immediately preceding month. Advance knowledge of the rates for the future month provides a window of opportunity for the quick or delayed implementation of income, gift, and estate-tax planning techniques in response to upward or downward trends. The effective implementation and management of interest-sensitive estate planning techniques also involves numerous other factors in addition to the relevant AFR or 7520 rate, including a client’s particular circumstances, and should be undertaken with the advice of competent tax counsel and financial advisors.

The IRS has issued Revenue Ruling 2018-21, which provides the AFRs and 7520 rate for August 2018.

Continue Reading Applicable Federal Rates and Code Section 7520 Rate for August 2018