James R. Grimaldi, Esq., CPA
James Grimaldi, a tax partner, has more than 30 years of experience providing strategic tax planning, research, and compliance services. His clients include business owners in a range of industries, including real estate, manufacturing, and family offices, as well as not-for-profits and high net worth individuals. As a tax attorney, he also advises clients on trust and estate planning.
Prior to joining Citrin Cooperman, Jim was a tax partner at two regional firms. He began his career in the tax department of a Big Eight firm.
As a specialist in tax controversy, Jim represents clients before the IRS Appeals Office, the U.S. Tax Courts, and state and local taxing authorities on personal, business, and fiduciary income tax matters. Additionally, he has successfully navigated the private letter ruling filing process and as a result was able to save millions of dollars in tax. Jim also has deep expertise in state residency audits, helping clients to minimize tax exposures and penalties.
Jim is also highly knowledgeable in federal and state tax credits. In the state tax area, he advises clients on various state and local tax issues, including state tax nexus.
As a business consultant, Jim helps S corporations, limited liability companies, and flow-through entities with tax planning and projections throughout the year. He works with closely held, family-owned businesses and commonly controlled businesses. For clients in the manufacturing industry, he advises on business purchases and sales.
As a member of the firm’s Trust and Estate practice and Chair of its Education Committee, Jim helps individuals and families preserve and grow their wealth through a variety of tax-efficient strategies. He is regularly involved with probating wills and assisting trustees, executors, and administrators in overseeing estates and trusts. He has also served as an executor and trustee.
Jim is a member of the firm’s Not-for Profit Committee and Tax Quality Control Committee.
Presentations and Publications
Jim is a frequent speaker on topics such as estate planning and entity selection for new businesses. His engagements have included not-for-profit and local business organizations. Jim has also been quoted as an expert on NY1 and in publications such as Forbes and Crain’s New York Business.
Jim is a member of the Tax Section of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA). He is also a member of the Tax Section of the New York State Bar Association (NYSBA) and serves on the Trusts & Estates Committee. In October 2002, the Department of the Treasury appointed him to the Taxpayer Advocacy Panel. He is also admitted to the New York State Bar, U.S. Tax Courts, and the Southern and Northern District Courts. Additionally, Jim serves on the board of directors of the Gotham Comedy Foundation, Inc. in Manhattan and the Carroll Gardens Association, Inc. in Brooklyn.
Education & Licenses
Jim earned his B.S. in Accounting from Fordham University and his law degree from Brooklyn Law School. He is a Certified Public Accountant in the State of New York.
Mar 21, 2017
Paying Off Student Loans more
Feb 17, 2017
Legal, Tax, and Financial Issues for Helping Parents from the CPA Journal more
Feb 09, 2017
Gift Tax Returns & IRS Examination more
Feb 02, 2017
Identity Theft; Tax and Financial Consideration more
Aug 16, 2016
6 Strategies for Challenging an IRS Deficiency Notice more
Apr 01, 2016
Getting Married: A Tax Perspective more
Mar 02, 2016
Partner Jim Grimaldi is quoted in U.S. News & World Report on when to hire a professional tax preparer more
Dec 13, 2015
Partner Jim Grimaldi is quoted in a Wall Street Journal article titled "What to Do If You Need to Reach a Live Person at the IRS" more
Oct 25, 2015
Partner Jim Grimaldi is quoted in an article in Accounting Today regarding IRS tax settlements more
Jun 10, 2015
Partner Jim Grimaldi is quoted in an article in The Street entitled “Should You Spend it All or Leave Some For The Kids?” more
Mar 05, 2014
Partner Jim Grimaldi shares his perspective on the impact of President Obama’s proposed budget more
Sep 21, 2016
Sidney Kess 47th Annual New York Estate, Tax & Financial Planning Conference more
Jun 14, 2016
Representing the Unmarried Couple: Tips for the Trusts & Estates and Elder Law Practitioner more
May 12, 2016
Divorce: Planning for a New Beginning more
Jan 28, 2016
Partner Jim Grimaldi to discuss post divorce financials on January 28, 2016 more
Jun 04, 2014
Jim Grimaldi is speaking at a seminar entitled, “10 Tips for Executors and Trustees” more