Tax

Our Tax Group advises businesses ranging from multinationals to startups, as well as high-net-worth individuals and first-time entrepreneurs. We counsel our clients on a wide variety of international and domestic income tax issues. Much of our work is centered around helping our clients minimize the tax burden on business transactions.

 

  • Structured a like exchange of several pieces of real estate owned by a partnership to allow a family to split up its property without paying income taxes.   
  • Successfully represented an individual working in New York City before the New York State Division of Tax Appeals in establishing that he was not a New York City resident, resulting in a savings in taxes and interest of over $1,000,000.
  • Structured the tax provisions of an operating agreement for a nursing home operator that allowed the operator to receive a significant interest in the property without paying current taxes.
  • Designed a Phantom Stock Plan for a key employee of a construction company, allowing the employee to get a significant upside if the value of the company increased, while allowing the owner to maintain 100 percent legal ownership.

Overview

Our Tax Group advises businesses ranging from multinationals to startups, as well as high-net-worth individuals and first-time entrepreneurs. We counsel our clients on a wide variety of international and domestic income tax issues. Much of our work is centered around helping our clients minimize the tax burden on business transactions.

 

Representative Matters

  • Structured a like exchange of several pieces of real estate owned by a partnership to allow a family to split up its property without paying income taxes.   
  • Successfully represented an individual working in New York City before the New York State Division of Tax Appeals in establishing that he was not a New York City resident, resulting in a savings in taxes and interest of over $1,000,000.
  • Structured the tax provisions of an operating agreement for a nursing home operator that allowed the operator to receive a significant interest in the property without paying current taxes.
  • Designed a Phantom Stock Plan for a key employee of a construction company, allowing the employee to get a significant upside if the value of the company increased, while allowing the owner to maintain 100 percent legal ownership.

Contacts

Jack Wilk
T +1 212 981 2333

Marc Selden
T +1 212 421 2902