Richard S. Levine

Special counsel | New Haven, New York

Richard is special counsel in the private client and tax team.

He is familiar with the taxation of partnerships, LLCs, corporations and trusts from both an income and an estate tax perspective, along with knowing how to incorporate them into international structures, he is one of our renaissance lawyers who ties together many aspects of our tax practice for individuals and wealthy families. Richard recently helped a real estate developer transfer minority interests in closely-held entities to trusts to minimize both state income tax and federal estate taxes; a hedge fund manager form a private trust company to administer both personal and charitable assets; a wealthy entrepreneur to create an insurance dedicated fund as part of US pre-immigration planning; and an investment professional to expatriate while minimizing his exit tax. When he is not using private placement insurance and annuity structures to confound the IRS, he is busy confounding opponents decades his junior by blowing up their tanks in late night games of Battlefield on his son’s Xbox. He is one of the few lawyers in our firm who has read every page of the US FATCA regulations (both the Chapter 3 and 4 portions), as well as the OECD CRS Standards, Commentary and Implementation Handbook, and stands ready to explain all the new international transparency and automatic exchange of information regimes without putting the audience to sleep. A tax lawyer who speaks plain English (well American), Richard would be happy to discuss arcane points of international compensation planning and the use of bilateral tax treaties to minimize US tax on investment income, but he would rather delve into which type of bitters to add to his next recipe for raspberry jam.

Richard is our resident tax guru. No, really, he has had the e-mail address taxguru@aol.com since 1992. But please use his Withers e-mail for work related communication since the spam filter on the other address is quite savage these days and we wouldn’t want urgent information to be overlooked.

Secretary Karolyn DeGrand

Track record

Admissions

Publications

Memberships

Talks

Structuring UK operations for a hedge fund management company.

Structuring joint venture for US and UK investors in carbon trading operations.

US tax compliance and trust planning for wealthy Asian family.

State of New Jersey, 1986

State of New York, 1987

State of Florida, 1993

State of Illinois, 1996

State of Connecticut, 2002

‘House Tax Bill is Littered with Loopholes for Wall Street’s Wealthiest,’ Bloomberg News - November 21, 2017, quoted

‘The House Tax Plan is Conveniently Full of "Drafting Glitches" that Benefit the Rich,’ Vanity Fair - November 21, 2017, quoted

‘Tax Reform Bill Delays Estate Tax Repeal, Retains Basis Step-Up,’ Tax Notes - November 03, 2017, quoted

American Bar Association

PPLI/PPVA: Its Time Has Come’, M Group National Conference, Laguna Niguel, CA - February 27, 2018

‘The US Tax Cuts and Jobs Act of 2017 - What wealth management professionals outside the US need to know’, Withers seminar, Geneva and Zurich - January 2018

‘Planning Considerations for Foreign Grantor Trusts and Update on the IRS Voluntary Disclosure Program’, Morgan Stanley International Wealth Conference - December 19, 2017

Education


Languages


  • English

Dates


Joined

2001

Recognition


New Haven

157 Church Street,

CT 06510-2100

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New York

430 Park Avenue,

10th Floor,

NY 10022-3505

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