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Title

Tax

Description
We're known for our tax work in middle-market mergers and acquisitions, real estate transactions, and bankruptcies and restructurings.
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  • Overview
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  • Recognition
  • With a clear understanding of our clients’ business needs and a deep knowledge of the ever-changing tax laws, we develop creative and practical client-specific solutions to help our clients accomplish their goals. We advise public and private companies, including private equity firms and hedge funds, as well as high-net-worth individuals, on a broad range of domestic and international transactions.

    We are particularly well-known for our experience in the real estate, entertainment, sports, fashion, financial services, life sciences and consumer brands industries. While we routinely handle the tax issues inherent in virtually every type of transaction in these and other industries, our team is responsible for groundbreaking tax work in middle-market mergers and acquisitions, bankruptcy restructurings, and capital asset planning. We also provide guidance in the context of partnerships and limited liability companies and are highly regarded for our success in handling U.S. federal, state and local tax controversies as well as French/EU tax disputes.

    Defining Matters

    • One for the books: A record-setting REIT IPO

      VICI continues to blaze trails and create new milestones in the marketplace. In February 2018, the company completed a record-setting $1.4 billion initial public offering (IPO), the fourth-largest REIT IPO in history and the largest in the hotel and leisure sector, eclipsing MGM Growth Properties, which previously held the top spot. Shares began trading on the New York Stock Exchange on Feb. 1. ... Kramer Levin began representing VICI from its inception in October 2017. But our story begins in 2014 — the year prior to the commencement of Caesars Entertainment Operating Co. Inc.’s Chapter 11 bankruptcy case.
    • Tax reform: A seismic shift in the US economic landscape

      As Benjamin Franklin famously noted, death and taxes are the only certainties in this world, affecting everyone and everything. It’s as true now as it was in 1789, which is what makes Congress’ tax reform, known as the Tax Cuts and Jobs Act (TCJA), a monumental piece of legislation. The new law is the largest overhaul of the U.S. tax code in more than a generation, and its effects are reverberating throughout the economy and will continue to do so for years to come. ... Kramer Levin’s Tax group has been working with our clients across the entire spectrum of our practice groups in analyzing the impact of tax reform on their businesses and on material transactions.

    Focus Areas

    • Tax: State and Local
    • Fashion and Consumer Brands
    • Real Estate Investment Trusts (REITs)
    • Opportunity Zones
    [Their Tax group] has a broad range of attorneys to handle matters of the highest complexity and sophistication.
    — Client quote, Chambers USA

    Practice Contacts

      • Barry Herzog

        • Partner
        • Partner, Chair, Tax
        • New York
        • bherzog@kramerlevin.com
        • T 212.715.9130
        • F 212.715.8130
      • vcard
      • Pamela M. Capps

        • Partner
        • Partner, Chair, State and Local Tax; Co-Chair, Women's Initiative Committee
        • New York
        • pcapps@kramerlevin.com
        • T 212.715.9275
        • F 212.715.8275
      • vcard
      • Abraham (Avi) Reshtick

        • Partner
        • Partner, Tax; Co-Chair, Israel and Middle East Practice
        • New York
        • areshtick@kramerlevin.com
        • T 212.715.9250
        • F 212.715.8250
      • vcard
      • Pamela M. Capps

        • Partner
        • Partner, Chair, State and Local Tax; Co-Chair, Women's Initiative Committee
        • New York
        • pcapps@kramerlevin.com
        • T 212.715.9275
        • F 212.715.8275
      • vcard
      • Rita Celebrezze D'Souza

        • Special Counsel
        • New York
        • rdsouza@kramerlevin.com
        • T 212.715.9206
        • F 212.715.8000
      • vcard
      • James G. Greilsheimer

        • Counsel
        • New York
        • jgreilsheimer@kramerlevin.com
        • T 212.715.9136
        • F 212.715.8436
      • vcard
      • Barry Herzog

        • Partner
        • Partner, Chair, Tax
        • New York
        • bherzog@kramerlevin.com
        • T 212.715.9130
        • F 212.715.8130
      • vcard
      • Mariya Khvatskaya

        • Associate
        • New York
        • mkhvatskaya@kramerlevin.com
        • T 212.715.9344
        • F 212.715.8344
      • vcard
      • Abraham (Avi) Reshtick

        • Partner
        • Partner, Tax; Co-Chair, Israel and Middle East Practice
        • New York
        • areshtick@kramerlevin.com
        • T 212.715.9250
        • F 212.715.8250
      • vcard

  • Perspectives

    Search More
    • Category
      Announcements
      Date
      Oct. 24, 2024
      Title
      2024 New York Super Lawyers and Rising Stars Lists Include Over 90 Kramer Levin Attorneys
      Read More
    • Category
      Defining Matters
      Date
      Oct. 21, 2024
      Title
      Kramer Levin Advises BlackRock Impact Opportunities in Joint Venture With Greystone Housing Impact Investors to Finance Construction and Rehabilitation of Affordable Housing in the US
      Read More
    • Category
      Defining Matters
      Date
      Oct. 14, 2024
      Title
      Kramer Levin Advises Investment Manager in $43 Million Follow-On Private Exchange Offer
      Read More
    • Category
      Announcements
      Date
      Oct. 10, 2024
      Title
      Kramer Levin Formalizes Private Credit Practice, Serving Clients Seeking Creative Financing Strategies and Access to New Asset Classes
      Read More
    • Category
      Defining Matters
      Date
      Sept. 30, 2024
      Title
      Kramer Levin Closes $445 Million Timeshare Securitization Transaction
      Read More
    • Category
      Defining Matters
      Date
      Sept. 30, 2024
      Title
      Kramer Levin Closes $66 Million Timeshare Loan Securitization
      Read More
    • Category
      Defining Matters
      Date
      Sept. 26, 2024
      Title
      Kramer Levin Closes $402.8 Million Solar Securitization Transaction
      Read More
    • Category
      Defining Matters
      Date
      Sept. 19, 2024
      Title
      Kramer Levin Closes $200 Million Timeshare Securitization Transaction
      Read More
    • Category
      Client Alerts
      Date
      Aug. 19, 2024
      Title
      IRS Announces a Second Voluntary Disclosure Program for COVID-Era Employee Retention Credit Claims
      Read More
    • Category
      Announcements
      Date
      July 02, 2024
      Title
      Barry Herzog and Abraham (Avi) Reshtick Named to Turnarounds & Workouts 2024 Bankruptcy Tax Specialists in the Nation's Major Law Firms List
      Read More
    • Category
      Client Alerts
      Date
      June 27, 2024
      Title
      IRS Prepares for Next Stage of Combating Fraudulent Pandemic-Related Employee Retention Credits (ERCs)
      Read More
    • Category
      Announcements
      Date
      June 27, 2024
      Title
      Legal 500 US 2024 Recognizes Kramer Levin
      Read More
    • Category
      Announcements
      Date
      June 06, 2024
      Title
      Chambers USA 2024 Recognizes Kramer Levin
      Read More
    • Category
      Speaking Engagement
      Date
      March 05, 2024
      Title
      Strafford Webinar: US-Chile Dual Taxation Issues and Strategies: Key Tax Treaty Provisions, Reporting and Pitfalls
      Read More
    • Category
      Client Alerts
      Date
      Jan. 25, 2024
      Title
      US-Chile Bilateral Income Tax Treaty Enters Into Force
      Read More
    • Category
      Client Alerts
      Date
      Jan. 10, 2024
      Title
      Voluntary Disclosure Program Announced for Pandemic-Related Employee Retention Credits
      Read More
    • Category
      Client Alerts
      Date
      Dec. 08, 2023
      Title
      Tax Court Hampers Funds’ Ability To Exclude Income of Non-Passive Limited Partners From Self-Employment Net Earnings
      Read More
    • Category
      Client Alerts
      Date
      Nov. 15, 2023
      Title
      Pandemic-Related Employee Retention Credits: Increasing IRS Scrutiny and Related M&A Considerations
      Read More
    • Category
      Client Alerts
      Date
      Nov. 08, 2023
      Title
      US-Chile Income Tax Treaty Approval Process Continues
      Read More
    • Category
      Announcements
      Date
      Sept. 22, 2023
      Title
      2023 New York Super Lawyers and Rising Stars Lists Include Over 90 Kramer Levin Attorneys
      Read More
    • Category
      Announcements
      Date
      Sept. 20, 2023
      Title
      Barry Herzog, Avi Reshtick Named to Turnarounds & Workouts Bankruptcy Tax Specialists in the Nation's Major Law Firms List for 2023
      Read More
    • Category
      Defining Matters
      Date
      Sept. 05, 2023
      Title
      Kramer Levin Represents Administrative Agent and Lender in $65 Million Home Improvement Loan Warehouse Facility
      Read More
    • Category
      Articles
      Date
      2023
      Title
      Capital Assets
      Read More
    • Category
      Defining Matters
      Date
      Aug. 17, 2023
      Title
      Kramer Levin Closes $194 Million Residential PACE Securitization
      Read More
    • Category
      Defining Matters
      Date
      Aug. 16, 2023
      Title
      Kramer Levin Closes Clean Energy Land Lease Securitization
      Read More
    • Category
      Defining Matters
      Date
      Aug. 15, 2023
      Title
      Kramer Levin Advises PBF Energy in $500 Million Offering of Senior Notes
      Read More
    • Category
      Client Alerts
      Date
      July 17, 2023
      Title
      Tax Court Dispenses Favorable Guidance on Profits Interest Safe Harbor
      Read More
    • Category
      Announcements
      Date
      June 08, 2023
      Title
      Legal 500 US 2023 Recognizes Kramer Levin
      Read More
    • Category
      Announcements
      Date
      June 01, 2023
      Title
      Chambers USA 2023 Recognizes Kramer Levin
      Read More
    • Category
      Client Alerts
      Date
      May 17, 2023
      Title
      IRS Denies Deductibility of Sell-Side Advisory Fees
      Read More
    View More
  • Recognition

    Year
    2010 – 2015, 2018 – 2020, 2022 – 2025
    Name
    U.S. News & World Report and Best Lawyers' Best Law Firms
    Description
    Recognized for Tax (National, New York)
    Year
    2007, 2009 – 2024
    Name
    Legal 500 US
    Description
    Recognized for Tax: US (non-contentious)
    Year
    2010 – 2024
    Name
    Chambers USA
    Description
    Recognized for Tax (New York)
    Year
    2018
    Name
    International Tax Review's Americas Tax Restructuring Deal of the Year
    Description

    Toys “R” Us restructuring

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  • Real Estate Investment Trusts (REITs)
  • Banking and Finance
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  • Bankruptcy and Restructuring
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  • Environmental
  • Land Use
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  • Employment Law
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