Assisted a professor in deferring tax on roughly 100 million dollars of gain from the sale of a drug patent through the use of a Charitable Remainder Unitrust. In addition to deferring capital gains tax, the use of the trust will greatly enhance the value of assets available for his private foundation.
Advised an African client in connection with a gift of 10 million dollars to build a new dormitory at his alma mater, a Massachusetts college.
Advised a Polish University was able to avoid a 30% withholding tax on a large pension account given to the University by a US resident alumnus.
State of Connecticut, 1983
Tax Court 1984
Commonwealth of Massachusetts, 1986
US Court of Claims 1986
US District Court, 1986
State of New York, 2001
Registered Foreign Lawyer in the UK, 2002
‘Sinking Charity Donations Should Level Off, Tax Attorney Says,’ __ Financial Advisor - June 28, 2019, quoted
‘Tax Law’s Effects on Colleges Unfolding,’ Inside Higher Ed - January 9, 2019, quoted
‘Clients Don’t Understand the Impact of Tax Reform on Giving,’ __ WealthManagement.com - November 6, 2018, quoted
‘Mandel Family’s $1 Billion Foundation to Sell Trophy Artworks,’ Bloomberg Markets - March 13, 2018, quoted
‘Consensus tax bill leaves out many changes for tax exempt organizations,’ Withers article - December 21, 2017, co-author
‘Senate and House Bills differ substantially on provisions for tax-exempt organizations,’ __ Withers article - December 6, 2017, co-author
‘Tax Plan Comes With a Few Surprises for Charities and Donors,’ - November 6, 2017 co-author
New York State Bar Association
Massachusetts Bar Association
Connecticut Bar Association
‘International Philanthropy: Overcoming Tax and Legal Obstacles,’ Lorman Education Services – May 29, 2019, co-presenter
‘Nonprofit Bylaws: Drafting Mistakes Attorneys Can’t Afford to Make,’ National Business Institute – May 23, 2019, co-presenter
‘Nonprofit Board Governance Liability,’ National Business Institute - October 29, 2018, co-presenter
‘Tax Strategies for Estate, Retirement and Financial Planning,’ National Business Institute - November 16, 2017, co-presenter
‘Tax Exempt Organizations Boot Camp’, NBI Inc. - August 30, 2017
Sotheby’s institute of Art, New York, guest lecturer
Art Appraisers Association Annual Conference, New York
‘Ten Threats to Your Art Collection’, Bruce Museum Greenwich Connecticut
‘Estate Tax Developments’, Wadsworth Atheneum
Charitable giving is very much about choosing the right vehicle from a very large menu of options
Choosing the correct option can greatly enhance the extent to which the Government will supplement your charitable gifts through the allowance of tax benefits. I have prepared numerous opinion letters allowing non-US charities to avoid withholding tax on US source investment income. I have an undergraduate background in economics and mathematics which has been extremely helpful in advising clients about their options.