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Matthew Frank Medaglia

Matthew Frank Medaglia

  • Business Law, Tax Law, Estate Planning...
  • New Jersey, New York
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Summary

Matthew Medaglia is an attorney in Staten Island New York. He has received a J.D. as well as a LL.M. in tax law from New York University and a M.B.A. from Baruch University. Before starting his solo law practice, Matthew spent ten years at a fortune 100 company creating risk management solutions. The Law Offices of Matthew F Medaglia were started with the intention of serving clients who are traditionally ignored by the large law firms. Entrepreneurs starting a small family business, working to middle class families approaching retirement, first responders and military personnel who protect us on a daily basis, all have issues where an attorney can provide valuable guidance. We are here to help you grow your assets now, and protect those assets so they can remain in your family. We combine a knowledge of business, law and taxation to analyze your goals and issues from multiple angles. The result of this combination are strategies that push for high returns while minimizing tax burdens and avoiding excessive risk.

Practice Areas
  • Business Law
  • Tax Law
  • Estate Planning
  • Arbitration & Mediation
Fees
  • Free Consultation
Jurisdictions Admitted to Practice
New Jersey
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New York
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Languages
  • English: Spoken, Written
Professional Experience
Business Analyst
American international Group
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Education
New York University School of Law
LL.M. (2015) | Taxation
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New York University School of Law
J.D. (2014)
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City University of New York - Baruch College
MBA (2009) | Finance and Marketing
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Rutgers University - New Brunswick/Piscataway
B.A. (2005) | Economics
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Professional Associations
State Bar of New Jersey # 186342016
Member
Current
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State Bar of New York # 5379763
Member
- Current
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Websites & Blogs
Website
Legal Answers
5 Questions Answered

Q. So i have a question about a case. It was listed on Mcdonalds Website that today only they would be offering this sauce
A: What would you be suing for? You have no damages.
Q. Do I charge a New York State Sales Tax on a 50% Deposit Payment
A: if you are on the accrual method, you will generally record the sale when it is made. In that case you should collect sales tax at that time. If you are on the cash method, you should collect sales tax as you receive payments. Generally, NY wants sales tax when the customer takes possession. You should speak to an accountant for best practices on this issue.
Q. IN NJ - if a trust was drawn up and not filed in the court, is it still valid, or is it null and void?
A: Typically the trust doesn't have to be filed in court. The 2 sons who are named trustees will have control over the property in the trust. The executor will have control of the property that goes through probate.
Q. A neighbor of mine has inherited $1.5 Million. Will she have to pay income tax. What percentage?
A: No, inheritance in not considered income for income tax purposes. If the inheritance is an Ira or some other instrument with special tax characteristics, then there may be tax consequences to that. Also if there are capital gains after your neighbor gets the assets, those gains are taxable on the sale of the assets. As for other taxes, it depends a bit on what state the decedent was in, 6 states have an inheritance tax that will be deducted before your neighbor gets the check. The federal government, and many states, including NY, also have an estate tax. There is not enough info to say if the estate is over the federal exemption, it would be over NY's. That would be paid by the estate however, not the recipient of the bequest.
Q. See detail.Is it illegal for her to use 2 address? Is it legal to use PA address while living in NY?Any further problems
A: As to the insurance contract, the question would be what the insurance contract says. Does it define what living in NY means? It may have a percentage of time or just say that the person needs to be a resident. As she spends more than 50% of the time in NY, she could be considered an NY resident. Having the house in PA and using that address for everything does create the potential issue of her being treated as a resident of both states for taxes. This will most likely increase the amount of taxes she has to pay overall. If she gets an NY drivers license and starts using the NY address, then that would show a desire to permanently change her domicile to NY and lessen the multiple taxing states issue.
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Contact & Map
Office
136 Bay Street
Staten Island, NY 10301
USA
Cell: (718) 873-6751