Team

Lisa Rispoli

Lisa Rispoli, CPA, AEP, TEP

Partner, Trust & Estate Services Leader

  • Jericho
  • (516) 336-2444
Lisa Rispoli is the Partner-in-Charge of Trust & Estate Services at Grassi & Co. 
 
With over 30 years of experience in accounting, estate planning and gift, estate and trust taxation, Lisa is adept at working with clients and their other professional advisors to develop estate plans to transfer family, businesses and personal wealth to the next generation and to charitable organizations.
 
Lisa assists executors and trustees, providing administration and fiduciary services – including litigation support tax compliance, income tax planning, and court-prescribed accountings. Her expertise in post-mortem planning and compliance, guides executors through the complex process of administering estates. Her knowledge in these areas is complimented by her attention to detail and the individual needs and unique financial circumstances of her clients.
 
Lisa is well recognized as an Estate Accounting Expert by various Surrogate Courts and works closely with many of the tri-state’s leading attorneys. She is recognized by the National Association of Estate Planners & Councils (NAEPC) as an Accredited Estate Planner (AEP) and holds the Trust and Estate Practitioner (TEP) designation from the Society of Trust and Estate Practitioners.
 
Prior to joining Grassi & Co. in 2015, Lisa was the president of her own firm which she founded in 2000 after transitioning from a successful career at a Big 4 firm. Among her many professional and civic accolades, Lisa was recognized in 2016 by the Long Island Business News (LIBN) as one of the Top 50 Women in Business and was listed in the publication’s Who’s Who for Women in Professional Services in 2017. She was also a 2017 Midas Award recipient, an honor which recognizes individuals who exemplify quality in their professions and communities.
 
Lisa earned her BBA in accounting from Adelphi University and her Masters in Taxation from Long Island University. She is an active member of the New York State Society of CPAs, AICPA, Estate Planning Council of New York City and Nassau County, Columbian Lawyers, and the Westchester Bar Association. She has written for several Long Island periodicals, including Newsday, CNN, and Bar Association Journals on topics relating to Estate and Trust Planning & Administration. She has served on the Board of Bethany House, an organization that provides emergency shelter and services for women and children.
 

Alert: MAJOR News For Nonresident Real Estate Holders in the State of CT

In a ruling by the Department of Revenue Services for the State of Connecticut, new tax legislation was recently passed concerning nonresidents owning real estate in Connecticut.
 

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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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EVENT: 8th Annual White Collar Crime Institute

Grassi & Co. will be sponsoring this annual event on Wednesday, May 15th! Register today!

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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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