Shah Law Firm, PLLC - "a LAW firm with a focus in estate planning, tax law, and business"

Neeraj Shah, Esq., MBA, CPA - call 585.388.8388, www.penfieldtax.com

Shah CPA Firm, PLLC - "a CPA firm that offers tax preparation and more"

The owner of the firms, Neeraj L. Shah, has earned the C.P.A. designation and is admitted as an Attorney and Counselor at Law in all of the Courts of NYS and the U.S. Tax Court. Taken together, Neeraj is in the unique position to deliver a superior product. To provide the best product to its clients, one must fully understand all of the moving parts. Namely, 1) the government's ever-changing tax and estate laws, 2) an individual's assets, liabilities, and income streams, and 3) a person's goals and dreams. Neeraj offers clients a depth of knowledge, skill and business acumen that very few practitioners can match. [Neeraj's background and qualifications]

His clients know that they will receive personalized service and can rely on the firm for all of their needs.

Main Building off Penfield Road

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Cost effective solutions for all of your financial needs
Individual, Partnership, and Corporate tax solutions
Estate Planning and Closely-held Business solutions
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Address and Contact Info

2033 Penfield Rd (in the rear of the parking lot; formerly 2041 Penfield Rd)
Penfield, NY 14526

Phone: (585) 388-8388
Email us at: neeraj AT penfieldtax DOT com

Directions from the Westside

  • FROM the west. Take 490 East to Exit 23, LEFT on Linden Ave (NY-441) towards Penfield. Continue on 441 for 4 miles. Linden Ave becomes Penfield Rd. Office is on the RIGHT side on top of the hill. 2033 Penfield Rd, Penfield NY 14526.

... you will pass the Penfield town line
... you will pass Five Mile Line Rd
... you will pass Baird Rd

... if you see the Penfield Wegmans, then you've gone too far!

... SHAH CPA FIRM, PLLC

BUSINESS SUCCESSION PLANNNING

  • transferring closely-held businesses to next generation

MEDICAID PLANNING

  • asset reallocation

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Practice Areas - Shah CPA Firm, PLLC

TAX SERVICES

  • income tax preparation - individual
  • income tax preparation - business
  • state income tax returns - all 50 states
  • sales tax
  • payroll tax
  • estate and gift tax; and trusts
  • tax planning
  • IRS or NYS representation

ACCOUNTING SERVICES

  • accounting
  • bookkeeping
  • payroll services
  • audits, reviews, and compilations

FINANCIAL PLANNING SERVICES

  • retirement and estate planning
  • business planning
  • debt counseling

OTHER SERVICES - Business

  • choosing the right entity for a new business
  • forming the new business
  • business succession planning
  • business sales and purchases
  • business valuation

Attorney Advertising Material
​This website aims to give the description of two legally separate businesses, Shah CPA Firm, PLLC and Shah Law Firm, PLLC. Information regarding Shah CPA Firm, PLLC (the CPA firm) can be found at http://www.penfieldtax.com/the-cpa-firm.html. Information regarding Shah Law Firm, PLLC (the LAW firm) can be found at http://www.penfieldtax.com/the-law-firm.html. This promotional page is only meant as a convenience.

Tips for both CPA and LAW practices...

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(December 12, 2017) Update Your Beneficiary Designations! – When clients come to me for estate planning, they often think it begins and ends with the drafting of a will. While your Last Will and Testament is a critical component of the process, the starting point of your plan begins with the title of your assets and your beneficiary designations.

Beneficiary designation gives direction who will receive some kind of proceeds when you pass away. Places where you will need to think about beneficiary designations include: life insurance policy, retirement accounts (IRA, Roth IRA, 401k, etc.), or any bank or investment account.

Some people forget to list a beneficiary designation in the first place (that’s bad). Other people list the beneficiaries and forget who is listed as beneficiaries (and that’s equally bad). Most often, these beneficiary designations stand alone and can create awkward situations when a person’s family situation changes. Imagine if your ex-wife was listed on the beneficiary designation.

Don’t rely on the courts – make it clear from the document itself and update your beneficiary designations every few years (and especially if your family situation changes).


(November 27, 2017) Entity Selection: LLC or Inc.? – Okay, you want to start a business. Do you want to operate as a sole proprietor or a general partnership – no liability protection? Or do you want to form a legal entity such as an LLC or Corporation?

Don’t make the mistake and make the important decision of which type of entity without analysis or considering all your options. Accountants will often suggest an entity to save you money, but sometimes look past legal issues or risks. Attorneys often are too conservative and protect the risk side of the equation, without considering tax-savvy options. I have had some clients choose their business entity on the advice of a neighbor, friend or relative. Each case is different, and you may want to consult a professional when you are ready to form a legal entity.

The different entities will provide distinct tax and business advantages. Some entities provide the benefit of pass-through taxation (that’s generally a good thing), while others are subject to double taxation (generally a bad thing). The formality, operations and conversion concerns are also unique to each.


(October 2, 2017) Estate Planning Tips: Did you know that a substantial portion of most estates do not pass at death under a Will or Trust, but rather by either operation of law (i.e. how an asset is titled) or according to a beneficiary designation (i.e. retirement plans or your insurance policy)? It is important to review your beneficiary designations from time to time and make sure that they work in tandem with your estate plan. BTW, do you have an estate plan in place?

Get Your Important Contact Information and Documents in Order: Being an Administrator or an Executor of an estate is not easy. Take time to organize your life to make things easier for others. Collect important papers (i.e. insurance policies, marriage license, birth certificate, will, recent tax returns, trust), Title and financial information (i.e. home, car, credit cards, bank accounts, investments), Benefit information (social security, employee benefits), and Contact information (i.e. attorney, accountant, doctor).


(March 12, 2017) The Foreign Account Tax Compliance Act (FATCA) Fallout: Many individuals in years past would proudly show off their “green card.” The thrill for immigrants to become permanent residents of the United States is not the same as before. In fact, a record number of US citizens are renouncing their citizenship these days. More Americans have renounced their US citizenship in 2014 than in any previous year. Why this trend? Many point to the demands of FATCA which requires annual disclosures of foreign accounts. The penalties for noncompliance are significant – stiff civil penalties, additional tax and even criminal liability in some instances. If you have foreign accounts that should be reported, we can help to bring you in compliance with the government. Remember, ignorance is not a defense. Contact us today.




Practice Tips

KEYWORDS: Neeraj Shah, Neeraj L. Shah, Neeraj, CPA, C.P.A., MBA, M.B.A., J.D., Esq., attorney, tax, law, estate planning, financial, legal, Rochester, Penfield, Fairport, Webster, Pittsford, tax preparation, tax prep, rochester tax preparation, penfield tax preparation, fairport tax preparation, webster tax preparation, pittsford tax preparation, perinton tax preparation, macedon tax preparation, walworth tax preparation, mendon tax preparation, canandaigua tax preparation, east rochester tax preparation, greece tax preparation, henrietta tax preparation, irondequoit tax preparation, rochester tax prep, penfield tax, rochester tax, 14526, 14625, 14580, 14534, 14450

​DISCLAIMER: Attorney Advertising. This website is advertising material. The choice of a lawyer is an important decision and should not be based solely upon advertisements. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. You are invited to contact the office by phone, letters or electronic mail. Contacting the office does not create an attorney-client relationship. Please do not send any confidential information to the office until an attorney-client relationship has been established in writing. Top 5 neighborhoods that we serve for tax preparation in Rochester, NY are: Penfield, Webster, Pittsford, Fairport and the city of Rochester. Also serve for tax preparation in: Irondequoit, Henrietta, Macedon, Walworth, and Mendon.

​OTHER SERVICES - Personal

  • retirement accounts (and associated required minimum distribution analysis)
  • property tax assessment consulting
  • long-term care planning

Practice Areas - Shah Law Firm, PLLC

ESTATE PLANNING

  • wills
  • trusts
  • health care proxy
  • estate tax planning
  • review life insurance policies
  • gift planning
  • probate
  • estate administration services

BUSINESS LAW

  • entity selection
  • entity creation (corporation, LLC, etc.)
  • drafting underlying documents
  • full transactional services

TAX LAW

  • audit representation
  • tax court representation
  • creating tax-friendly business solutions

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Neeraj L. Shah, Esq., MBA, CPA
(585) 388-8388

2033 Penfield Rd
Penfield, NY 14526​​

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​​​​​​​Attorney Advertising Material * CPA Advertising Material * With the designations of being an attorney and a CPA, we are proudly one of the most qualified tax preparation firms in Rochester, NY. Don't opt for an inferior product; call 585-388-8388! Webster tax preparation? We've got it. Fairport tax preparation? We've got that too. Yes, Pittsford tax preparation and of course, Penfield tax preparation. Top 5 neighborhoods that we serve for tax preparation in Rochester, NY are: Penfield, Webster, Pittsford, Fairport and the city of Rochester.  Brilliant tax preparation in 14526 and 14625.

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