Steven A. Holt is the Chair of the Firm’s Taxation, Trusts and Estates and Charitable Organizations Departments, and is a member of the Firm’s executive committee. Steven is also active as a member of the Firm’s Corporate, Elder Law, Health Law and ERISA/Employee Benefits Practice Groups. He serves as outside general counsel to many business entities and not-for-profit organizations, and advises them on business, tax, succession planning, transactional planning and general business and commercial matters.

Steven represents business entities, corporate executives, individuals, entrepreneurs, professionals (including physicians, dentists, veterinarians and their practices), in all aspects of personal and business planning. He enjoyed a more than 25-year association as outside general counsel to the Tumi brand and continues to work closely with branded companies in the luggage and bag, apparel, luxury goods and travel goods industries.

Steven concentrates his practice in many areas of sophisticated estate and family wealth transfer planning, asset protection planning, federal and state income taxation matters affecting individuals, corporations, partnerships and trusts, foreign taxation, corporate law and corporate transactions, tax aspects of business transactions, mergers and acquisitions, private equity placements, qualified and non-qualified compensation planning, commercial law and commercial transactions, life insurance, choice of entity planning, business reorganizations, organization of and planning and compliance for exempt organizations, and lifetime and testamentary charitable gift planning using charitable annuities, private foundations, donor-advised funds, charitable lead trusts and charitable remainder trusts.

Steven enjoys affiliations as a member of the Board of Trustees of the Mandelbaum Barrett Charitable Foundation; a member of and the Secretary of the Board of Trustees of the Institute of Medicine and Public Health of New Jersey; and a member of the Board of Directors of the Northern New Jersey Estate Planning Council. Steven was a founding member and serves on the board of the Metro Professional Group, a networking group for professional in New York and New Jersey. He is also a member of Junto New York-2, a networking group with a more than 15-year history and broadly diversified membership.

Steven is a member of the Board of Trustees of The Institute of Medicine and Public Health of New Jersey, a member of the Board of Directors of the Ben Appelbaum Foundation (an organization that mentors new business owners and start-up charitable organizations) and President and Chairman of the Board of National Development and Research Institutes, Inc., a prominent research organization concentrating on public health and addiction. He is a member of the Estate Planning Council of Northern New Jersey.

  • Commonwealth of Pennsylvania, 1984
  • State of New Jersey, 1984
  • New York, 2017
  • U.S. District Court, District of New Jersey, 1984
  • U.S. Tax Court

  • New York University School of Law, Master of Law(s) in Taxation, 1986
  • Rutgers, The State University of New Jersey School of Law, J.D., 1984
  • University of Wisconsin-Milwaukee, B.A., 1980

Traveling a Long Road with Tumi

January 2, 2014

Tumi, Inc., the worldwide premiere brand of high-end luxury luggage, leather goods, bags and business accessories, continues to be one of Mandelbaum Barrett's most well-known clients. Tumi has engaged the firm as outside counsel for more than 20 years, under the direction of relationship manager

New Legislation Drops Notable Tax Law Changes: What You Need to Know

November 1, 2021

Earlier this week legislation was introduced in Congress that reflects President Biden's "Build Better" plan. This replaces legislation previously introduced on September 13, 2021 and there are a number of notable tax law changes that were dropped. Many of our clients have been doing significant planning and even accelerating certain actions in an attempt to avoid the harsh tax impact of the September 13th legislation, but much of that planning may no longer be necessary or at least not urgently necessary.

Another Uncertainty Under the CARES Act Resolved

May 1, 2020

May 1, 2020 By Steven A. Holt On Thursday, April 30, the IRS published Notice 2020-32, which clarifies that no deduction will be allowed for any otherwise deductible expense where the payment of the expense results in forgiveness of a loan received pursuant to the CARES Act and where the income associated with the forgiveness […]

Required Contribution Relief

April 9, 2020

April 9, 2020 By Steven A. Holt ERISA and the Internal Revenue Code impose strict funding requirements on defined benefit pension plans. Recent IRS guidance gives sponsors of single-employer pension plans additional time to meet their 2020 funding obligations, including obligations to make quarterly plan contributions. The due date for any contributions otherwise due during […]

Relief From Failure To Make Employment Tax Deposit

April 3, 2020

April 3, 2020 By Martin D. Hauptman and Steven A. Holt The IRS provides that an employer will not be subject to a penalty under Code Sec. 6656 for failing to deposit employment taxes relating to qualified leave wages or qualified retention wages in a calendar quarter if: (1) The employer paid qualified leave wages or […]

Tax and ERISA Update

March 31, 2020

March 31, 2020 By Martin D. Hauptman and Steven A. Holt Mandelbaum Barrett’s Taxation and ERISA Departments will be keeping you informed as we learn more about the CARES Act and other developments affecting you as taxpayers. Here are a few updates: Coronavirus Relief Package and its Impact on Retirement Plans The recently enacted Stimulus […]

Tax and Estate Planning Alert

March 24, 2020

March 24, 2020 By Martin D. Hauptman and Steven A. Holt We want all of you, our valued clients and friends, to know that the Firm is "open for business" and that we are available to handle your estate planning needs on an emergent basis, including wills and living will. Accessing Qualified Retirement Fund Balances […]

Treasury Department Announces New July 15 Filing Deadline

March 18, 2020

Treasury Secretary Steven Mnuchin announced today that the filing date for individual tax returns for the 2019 tax year has been moved to July 15, 2020. “We are moving Tax Day from April 15 to July 15,” Mnuchin wrote on Twitter. “All taxpayers and businesses will have this additional time to file and make payments […]

“How can I get senior community to release assets to this trust?”

April 11, 2022

Steven Holt, Esq., Chair of the Tax Law and Trusts & Estates departments at Mandelbaum Barrett was recently interviewed by NJ.com to answer this question. “The solution here is to reach out to the community and have them explain why they are asking for this and alert them to the fact that the unit is held in […]

Steven Holt, Esq. was recently interviewed for an NJ.com article titled “Executor won’t sell this house. What can we do?”

April 8, 2022

“As part of their fiduciary obligations, the executors must protect the assets of the estate and act to facilitate the disposition of the assets consistent with the will,” Mr. Holt states. Read the full article here: https://bit.ly/3umz9U9

Join Us For Our 7th Annual Tax, Trusts & Estate Planning Forum

November 7, 2019

We will be discussing timely developments in Estate and Federal Taxation at this 1.5 CE accredited program for CPAs and CFPs. To RSVP, please contact Laure Lynch at 973.243.7951 or llynch@lawfirm.ms.

Steven Holt Answers NJ.com Reader's Question on Financial Responsibilities When a Spouse Dies

October 8, 2018

Steven Holt answered a reader's question on NJ.com about a recent widow's inheritence and what steps to take next. Click here to read more.

Steven Holt Answers Reader Question on NJ.com About an Inherited IRA

October 4, 2018

Steven Holt, Chair of Mandelbaum Barrett's Trusts and Estate Practice Group, answered a reader's question on NJ.com about how much you can take from an inherited IRA. Click here to read the full article.

Steven Holt Publishes Article for ROI-NJ on The IRS Tax Amnesty Programs

September 20, 2018

Steven Holt, Chair of Mandelbaum Barrett's Tax, Trusts & Estates Practices recently authored an article for ROI-NJ on the IRS Tax Amnesty Programs for those with undisclosed holdings overseas and issues a warning that the IRS increasingly wants to know about your money overseas. Read what Holt cautions here.

Steven Holt Authored an Article for NJCPA on the Offshore Voluntary Disclosure Incentive Program

August 27, 2018

Steven Holt, Chair of Mandelbaum Barrett's Tax, Trusts & Estates Practices and Alan Glazner, Of Counsel to the Firm's Tax Practice, authored an article for NJCPA on the Offshore Voluntary Disclosure Incentive Program which is ending September 28th. We encourage tax professionals, accountants and other advisors who advise clients on tax matters to read this!

Tax, Trusts & Estates Chair Steve Holt Talks About Brand Value and Business Succession Marketing

August 13, 2018

Ever wonder the value of a strong brand in Business Succession Marketing and Planning? Check out Leon Grassi's latest DSM blog featuring a Q&A with Mandelbaum Barrett's Tax, Trusts & Estate's Chair Steven Holt. This is a must read for business owners!

Steven Holt Featured in a Q&A for Leon Grassi's DSM Blog on The Value of a Strong Brand in Business Succession Marketing and Planning

August 10, 2018

Ever wonder the value of a strong brand in Business Succession Marketing and Planning? Check out Leon Grassi's latest DSM blog featuring a Q&A with Mandelbaum Barrett's Tax, Trusts & Estate's Chair Steven Holt. This is a must read for business owners!

Steven Holt Answers NJ.com Question on a Deceased Parent's Unpaid Taxes

July 24, 2018

Steven Holt, Chair of Mandelbaum Barrett's Trusts and Estates Practice Group, answered a reader's question on NJ.com about unpaid taxes on a deceased parent's behalf and the statute of limitations that may apply.

Latest Nj.com article on Things to Think About Now for 2018 Tax Returns Featuring MS Attorneys Holt, Strober and Fox

May 18, 2018

Check out the latest NJ.com article highlighting many of the changes brought on by the Tax Cuts and Jobs Act and what you need to start thinking about now for your 2018 return! Our own Steven Holt (Chair, Tax, Trusts & Estates), Lynne Strober (Co-Chair Family Law) and Lisa Fox (Member, Tax, Trusts & Estates) give expert analysis on these changes and tips to consider. It is important to plan throughout the year so you aren't blindsided in April when tax time rolls around again.

Steven Holt Has Been Appointed to the Board of the Estate Planning Council of Northern NJ

April 30, 2018

Steven Holt Chair of the Firm's Tax, Trusts & Estates Practice Group has been appointed to the board of the Estate Planning Council of Northern, NJ. Congratulations Steven on this honor! For more about the ECPCNNJ visit www.epcnnj.org.

Steve Holt Answers NJ.Com Readers on the Taxability of 529 Accounts

December 28, 2017

Steven Holt, Chair of the Firm's Tax and Trusts and Estates Practice Group's was asked by an NJ.com reader about 529 accounts and what is taxable.

Steven Holt Answers NJ.Com Biz Brain Readers Question on Gift Taxes on a Deeded Home

December 20, 2017

Steven Holt, Chair of the Firm's Tax and Trusts & Estates Practice Groups recently answered a NJ.com BizBrain reader's question on gift taxes on a deeded home. Check out Steve's answer here.

Steven Holt Answers Nj.com Biz Brain Question on Property Tax and Mortgage Deductions

August 10, 2017

Steve Holt, Chair of the Firm's Tax and Trusts & Estates Practice Groups recently responded to a NJ.Com Biz Brain readers question on property tax and mortgage deductions! Read what Steve had to say.

Steven Holt Answers nj.com Biz Brain Question on How the Federal Estate Tax is Calculated

July 13, 2017

Steven Holt, Chair of Mandelbaum Barrett's Tax and Trusts and Estates departments, answered a nj.com readers "Biz Brain" question on how the federal estate tax is calculated.

Steven Holt authors article for New Jersey Business Magazine on Irrevocable Trusts

June 22, 2017

Steven Holt, Chair of Mandelbaum Barrett's Tax Law Department, was recently featured in the May 2017 New Jersey Business Magazine with an article on Irrevocable Trusts.