Ray has been a Connecticut tax attorney since graduating from law school at the University of Connecticut in 1968. He became a member of the Connecticut Bar Association in 1968. Ray’s professional concentration has been in the tax law area since graduation from law school. Ray supplemented his legal education by obtaining an LLM – TAX advanced legal degree in taxation front the prestigious graduate tax program at New York University Law School. To enhance his proficiency and depth of understanding of tax law, Ray also became a CPA in 1972.
Tax law has been Ray’s primary professional focus throughout his career. His experience ranges from basic tax law interpretation to influencing tax legislative matters in order to enhance his client’s success. Old Saybrook tax lawyer Ray Muratori has extensive experience in the world of corporate law, where he was exposed to a full range of tax issues. He served as head tax counsel at Connecticut Mutual Life, Phoenix Home Life and Mass Mutual where he supervised a staff of 4-5 tax lawyers. Ray had complete responsibility for all company and advanced underwriting product tax matters. An award was granted to Ray by Phoenix Home Life for his highly successful resolution of that company’s multi-million dollar Federal Tax Claims for a five-year period.
Tax Planning Experience
A major focus of Ray’s corporate legal function expanded to tax planning, both foreign and domestic. In an increasingly competitive business world, Ray’s clients sought tax relief and equality under the applicable provisions of the tax law. Ray was a major contributor in researching the tax law in order to issue opinions and interpretations that provided tax beneficial results for his clients. The tax law, as well as other law areas, is naturally subject to interpretation and Ray always provided his clients consultations regarding the benefit of what the laws were intended to accomplish. As part of the comprehensive services offered by Ray, he established a tax-exempt foundation to provide his company with a tax effective method to carry out its charitable support obligations.
In addition to his focus on corporate tax provisions, Ray was also instrumental in all the tax areas pertaining to insurance products, such as life insurance, annuities, welfare benefit plans and employee benefit plans. He experienced the assault on those products by government to limit their tax effectiveness. Ray, along with other tax professionals and insurance company management, took issue with the repeated governmental attempts to reduce or eliminate the long-standing tax and financial benefits associated with insurance products, welfare benefit plans and employee benefit plans. Ray and others were largely successful in their defense of the benefits of insurance products, welfare benefit plans and employee benefit plans by emphasizing the legislative intent involved when the laws were originally enacted.
Ray was honored for his long time service and contributions on the advisory board of the industry leading Hartford Institute on Insurance Taxation. The Institute was comprised of leading insurance tax professionals from both the corporate and private practice areas.
Committed to Tax Law and Tax Controversies
Beginning in 2001, Ray enhanced his professional experience through private practice as a tax attorney after his corporate career. His involvement with a nationwide tax planning company allowed Ray to provide his clients with opportunities in both the domestic and offshore communities. Old Saybrook tax lawyer Ray Muratori reviewed legal opinions for his clients advising on the effectiveness of various tax planning opportunities. His review took into account all of the various governmental rules and restrictions that were enacted to curtail the improper use of tax planning products. Ray advised that all tax planning opportunities contain sufficient independent economic substance in addition to tax benefits. This area of practice enhanced Ray’s experience with the tax and financial use of insurance products, employee benefit plans and welfare benefit plans in the business planning area.
Ray’s private practice expanded by providing tax counsel to major regional CPA firms. This also afforded Ray the opportunity to be involved with tax compliance matters and thus experience the end result impact of tax planning efforts. Being involved with tax compliance and preparation matters also provided Ray exposure to the detailed operation and impact of federal and state tax laws on the client’s business bottom line. Ray has further expanded his private tax law practice by providing wills, trusts and probate services for his clientele. He also advises on business formation alternatives for small business clients and formed LLCs and other entities to carry out their objectives. He continues his representation of clients concerning federal and state tax controversy matters.
Contact a Skilled Connecticut Tax Attorney
With over 25 years of experience, you can be assured that any matter entrusted to Attorney Ray Muratori will receive his personal attention and his thorough legal and tax analysis. To contact an experienced Old Saybrook tax lawyer and learn more, please call 860-388-3599.