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Tax

As the tax laws grow increasingly complex, and as tax controversies proliferate in response to revenue challenges at all levels of government, clients of all kinds turn to our Tax group for practical, easily understood advice that is fully in keeping with the underlying business issues they face. While the tax departments of most corporate law firms generally function as service arms of their corporate practices, ours has a remarkable track record of attracting clients on its own merits. Often enough, our success in tax matters serves as a client’s introduction to other Kramer Levin practices.

Our practice is rooted, not just in a thorough knowledge of the ever-changing tax laws, but also in the practical application of those laws to a client’s strategic goals. In a wide variety of corporate and real estate transactions, our clients rely on us to clearly communicate the tax implications, and to deal with those implications in a manner entirely consistent with business objectives.

While we routinely handle the tax issues inherent in virtually every type of transaction, we are particularly known for groundbreaking work in several areas:

Middle-market M&A is a particular strength, and we regularly represent both sellers and acquirers in the creation of tax-efficient transaction structures.

We also represent creditors, creditors committees and debtors in the tax aspects of many of the largest and complex recent bankruptcy restructurings.

Capital assets planning is another strong area where we quite literally wrote the book—a definitive treatise on capital gains.

We are especially valued for our widely acknowledged expertise in state and local taxation. Our long experience mastering the tax complexities of both New York State and New York City—the city is itself the fourth largest tax jurisdiction in the nation—has made us the “go-to” firm for tax controversies in this area. Many of these matters come to us as referrals from other law firms whose clients face state or local tax issues requiring special knowledge.

Our services encompass the tax ramifications of a full range of transactions and matters, including: 

  • Mergers and acquisitions 
  • Restructurings 
  • Capital Markets 
  • Corporate finance and financial products 
  • Partnerships and limited liability companies 
  • International 
  • Real estate 
  • State and local taxation 
  • Investment funds 
  • Private foundations and charitable organizations 
  • Entertainment and Sports 
  • Tax controversies 
  • Executive compensation planning