Scott P. Borsack
Partner

Phone: 609.779.6543
Fax: 609.779.6556
SBorsack@szaferman.com
101 Grovers Mill Road
Suite 200
Lawrenceville, NJ 08648
Scott Borsack has more than 30 years of experience representing clients in a variety of transactional matters. Working as part of a team, Scott is routinely called upon to structure a variety of transactions to minimize the burden of federal and state taxes. Scott has worked with clients and their advisors to bring tax efficiency to mergers, acquisitions, dispositions, fund formations, workouts and debt restructuring, inbound and outbound investments, and the use of tax pass-through entities such as partnerships and S corporations. Scott also represents regional and community banks, directing their loan transactions, preparing loan documents and clearing title issues. He also represents borrowers in loan transactions with their banks.
Scott counsels clients on the means of passing wealth from one generation to another while limiting federal and state taxes, using sophisticated techniques involving pass-through entities and trusts. With an eye toward wealth succession, Scott is able to introduce estate tax saving concepts to entrepreneurs while developing plans for a liquidity event, as well. Inevitably, estate planning also requires participation in estate administration matters, and Scott is equally adept in this arena.
Additionally, Scott represents clients before federal and state taxing authorities. He has represented clients involved in all phases of civil and criminal tax investigations before administrative agencies as well as federal and state courts. As the Internal Revenue Service, in particular, has gotten more aggressive in its enforcement activities, the ability to defend positions before governmental authorities can be a significant benefit to clients.
Before entering private practice, Scott began his career as a trial attorney for the United States Department of Treasury, representing the Commissioner of Internal Revenue before federal courts. Scott returned to the firm after spending six years in Philadelphia directing the Tax and Estates Practice for a major Center City law firm. Scott is married and lives with his wife and two children in West Windsor, New Jersey.
Scott is a frequent author and lecturer on topics of tax planning, estate planning and estate administration.
New York, 1987
New Jersey, 1987
Pennsylvania, 1993
Mercer County Bar Association
LL.M. – Taxation, New York University School of Law, 1991
J.D. – Case Western Reserve University School of Law, 1987
B.S., Economics & Political Science – Brooklyn College of the City University of New York, 1984
NJBIZ Town Hall: Ask Our Experts – April 30, 2021
SBA Provides Lender Guidance on Refunds of EIDL Grants – January 11, 2021
Eligible PPP Non-Payroll Expenses Expanded – December 22, 2020
More PPP Relief Coming from Washington – December 21, 2020
SBA Essentially Exempts Loans of $50,000 or Less From Forgiveness Process – October 12, 2020
SBA Revisess Loan Forgiveness Application – June 17, 2020
SBA Releases Guidance Following PPP Flexibility Act – June 11, 2020
Paycheck Protection Flexibility Act Headed to the President’s Desk – June 4, 2020
U.S House of Representatives Passes PPP Flexibility Act – May 29, 2020
SBA Releases Additional Forgiveness Guidance – May 23, 2020
SBA Release PPP Loan Forgiveness Application – May 19, 2020
New PPP Eligibility Guidance Release by SBA – May 13, 2020
SBA Poised to Change PPP Eligibility Rules Before May 14, 2020 – May 11, 2020
“NJBIA Businesses Get Answers On PPP Loan Rules” – NJBIA Article, May 2020
“Paycheck Protection Program: Your Questions Answered” – NJBIA Webinar, May 2020
PPP Loans to Large Companies Cause Backlash and Questions – April 27, 2020
Loan Forgiveness Under Paycheck Protection Program Requires Attention to Detail – April 15, 2020
“Loan Forgiveness Under the Paycheck Protection Program” – NJBIA Webinar, April 2020
“Navigating the Paycheck Protection Program” – NJBIA Webinar, April 2020
Q & A: Paycheck Protection of the CARES Act – March 30, 2020
Paycheck Protection Provisions in the CARES Act – March 26, 2020
“Doing Business: LLP, Inc or LP?” – NJBIA Webinar, March 2017
“LLCs vs Incs vs Partnerships and Why It Matters What You Choose.” – Interview, NJBIA, March 2017
Tax Landscape Changes In NJ – New Jersey Business, January 2017