Taxation

Taxation is an integral part of the diverse areas of our practice, since the tax laws affect almost every conceivable business and personal financial transaction. We continually search for the creative tax solution that is consistent with the overall business and financial objectives of the client.

Our tax practice spans the following areas:

Real Estate. We advise owners and operators of commercial and residential properties, and real estate lenders, about all income tax aspects of real estate acquisition, financing, development and disposition, including tax-free exchanges, cooperative and condominium conversions, debt restructurings and workouts, and the sophisticated tax issues applicable to REITs.

General business matters. We counsel corporations, partnerships and individuals on the wide range of income tax issues affecting the organization, acquisition, operation and disposition of businesses. This encompasses such matters as recommending the appropriate form of business organization for the transaction, structuring taxable and tax-free acquisitions and dispositions (such as mergers, reorganizations and spin-offs), and business liquidations.

We advise our clients on the most tax-efficient way to conduct their business operations, as well as on matters such as the effective utilization and preservation of net operating loss carryovers.

Foreign transactions. We represent domestic businesses wishing to establish a foreign branch or subsidiary, or acquire a foreign company, as well as foreign entities owning property or businesses in this country.

Individuals, charities. We counsel individual clients with sophisticated tax planning advice on non-business issues, such as creating family charitable foundations, using family investment partnerships and limited liability companies, and divorce taxation. Where appropriate, we coordinate with the client's accountants or other financial representatives.

State and local. We represent clients before state and local taxing authorities on such matters as income tax, real property taxes and estate and gift taxes.

Tax litigation. We represent clients in tax litigation matters in the United States Tax Court, the District Courts and Courts of Appeal.