Team

Lisa Rispoli

Lisa Rispoli, CPA, AEP

Partner, Trust & Estate Services Leader

  • Jericho
  • (516) 336-2444
Lisa is a Partner Trust & Estate Services Leader at Grassi & Co.  Lisa has an impressive 30 year career as a CPA with acclaimed success in the areas of estate and trust administration, individual taxation, income taxation of estates and trusts, and estate and gift tax. Lisa also has expertise in post-mortem planning and compliance, assisting executors in the complex process of administering the estate, and complex structures in estate planning. Her knowledge in these areas is complimented by her attention to detail of the individual needs and unique financial circumstances of each of her clients.
 
Prior to joining Grassi & Co. in September 2015, Lisa was the President and Founder of her own firm named Rispoli & Co. CPAs. Lisa started her own firm in 2000 after working at a Big 4 Firm. 
 
Lisa is a recognized Estate Accounting Expert at various Surrogate Courts and works closely with many of tri-state’s leading attorneys and judges.
 
Lisa is recognized by the National Association of Estate Planners & Councils (NAEPC) as an Accredited Estate Planner (AEP).  This graduate level designation in estate planning allows Lisa to bring expertise in the field of multi-disciplinary planning.
 
Lisa has been recognized as one of the 2016 Honorees of Long Island’s Top 50 Women in Business by Long Island Business News. This honor recognizes the Island’s top women professionals for business acumen, mentoring and community involvement. Lisa is also a recipient of the 2017 Who’s Who for Women in Professional Services by LIBN and a 2017 Midas Award recipient, which is awarded to individuals who exemplify quality in their professions and communities.
 
Lisa has written for several Long Island periodicals, including Newsday, CNN, and Bar Association Journals on topics relating to Estate and Trust Planning & Administration.  

Alert: Important Tax Update on QBI and Trusts

The Tax Cut & Jobs Act of 2017 provided a new Section 199A deduction on qualified business income for certain pass through entities (sole proprietorships, partnerships & S corps). This deduction, which is generally 20% of QBI with certain limitations, is temporary and expires at the end of tax year 2025.
 

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EAlert: Capital Gains Reinvested in Qualified Opportunity Zones

The Tax Cuts and Jobs Act of 2017 created code section 1400Z, which is designed to encourage economic growth and development through private investment in specific low income or rural communities and disaster areas.

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EAlert: IRS Issues Workarounds for SALT Deduction

On December 22, 2017 President Trump signed into law the Tax Cuts and Jobs Act. 

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EAlert: Estate and Gift Taxes Under New Tax Law

The Holidays are over, for now—and so are estate and gift taxes, for some, for now.
The New Year brings in a significant increase in the estate, gift and generation-skipping tax exclusion amount. 
 

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EAlert: IRS Issues Notice on Implementation of Executive Order 13789

On July 7, 2017 the internal revenue service issued Notice 2017-38, 2017-30 IRB[1] which announced the implementation of Executive Order 13789.  Executive order 13789 was issued by President Donald J. Trump on April 21, 2017, and was a directive designed to reduce tax regulatory burdens.

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IRS Passes New Revenue Procedure—Simplifies Surviving Spouse Portability Election

The Federal government  imposes an estate tax which is calculated on the value of your assets when you die.  The first $5,490,000 (2017 exemption) is excluded for Federal Estate tax purposes.  This is a cumulative lifetime exemption; therefore taxable gifts made during your lifetime utilize part of this exemption.  Upon death, the remaining exemption is essentially applied to the remaining estate.

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EAlert: IRS has issued Notice 2017-15

The IRS has issued Notice 2017-15 which provides relief for estate or gift tax transfers to same-sex spouses.

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Portability and Re-Marriage—A Match Made in IRS Heaven

As a result of the enactment of the American Taxpayer Relief Act of 2012, portability was made permanent in the transfer tax system. But what is portability and how does it affect individuals who remarry?

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Education

    MS in Taxation, Long Island University

    BBA, Adelphi University
     

Memberships

    New York State Society of Certified Public Accountants (NYSSCPA)

    American Institute of Certified Public Accountants (AICPA)

    Estate Planning Council, New York City & Nassau County

    Columbian Lawyers

    Westchester Bar Association

    Bethany House, Board Member

    Girl Scouts, Nassau County
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