Tax

Overview

Honigman’s Tax Practice Group assists clients in achieving their goals through the development and implementation of creative and practical tax strategies that address the challenges of a complex and quickly evolving regulatory environment. We are experienced in addressing varied and sophisticated tax issues. 

A major focus of our practice includes the structuring of transactions, from both a domestic and international perspective. In addition, attorneys in our Tax Practice Group assist with a wide variety of complex concerns, including matters involving corporations, partnerships and limited liability companies, exchanges and restructurings, executive compensation, mortgage backed securities and real estate mortgage investment conduits (REMICs), real estate investment trusts, real estate transactions, state and multi-state taxes, reallocation issues among commonly controlled entities, cross-border transactions, estate planning, new market tax credits, low income housing and historic rehabilitation credits, and energy credits. Our clients include individuals, publicly traded and privately held C corporations, subchapter S corporations, partnerships, limited liability companies, syndications, tax-exempt organizations, tax-qualified plans, and trade associations. These clients are technology companies, financial institutions, oil and gas developers, real estate developers, offshore captive insurance companies, private equity firms, and manufacturers, among others. 

Attorneys in our Tax Practice Group counsel clients directly and assist other attorneys at the firm in providing a full array of tax law services in such areas as:

  • Choice of entity
  • Structuring transactions
  • Securities offerings
  • Individual tax advice
  • Lobbying and participation in the tax legislative process
  • Tax credit transactions
  • Advice concerning return preparation
  • Business, estate and succession planning

We also frequently represent clients before federal and state tax authorities, administrative tribunals and the courts. 

To keep abreast of potential changes in tax laws or rules that may affect our clients,  we monitor the development of the tax laws through contacts with Congressional tax staffs, the U.S. Treasury Department and the Internal Revenue Service, as well as through computerized information services and numerous tax publications.  

Representative Matters

  • Represented condominium developer in partnership recapitalization involving redemption of an equity partner, admission of hedge fund as new equity partner, and refinancing of project debt
  • Advised client with respect to sale of manufacturing company to a private equity fund, with a tax-free rollover of a portion of seller equity interests
  • Represented developer in structuring and negotiating sale of low-income housing tax credits to equity investor
  • Counseled restaurant franchisee in restructuring ownership and entity structure of various operating companies to achieve tax, corporate, and other efficiencies
  • Represented client in partnership workout involving restructuring of distressed debt and buyout of partner’s equity position
  • Advised foreign partner of tax implications under the Foreign Investment in Real Property Tax Act (FIRPTA) of recapitalizing partnership owning U.S. real estate
  • Counseled publicly traded REIT on requirements for maintaining REIT status in connection with public offering of securities
  • Represented issuers with respect to tax issues arising in transactions involving offerings of public and private debt

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