Scott P. Borsack
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
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
“NJBIA Businesses Get Answers On PPP Loan Rules” – NJBIA Article, May 2020
“Paycheck Protection Program: Your Questions Answered” – NJBIA Webinar, May 2020
“Loan Forgiveness Under the Paycheck Protection Program” – NJBIA Webinar, April 2020
“Navigating the Paycheck Protection Program” – NJBIA Webinar, April 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