Tax,
Corporate
Nov. 15, 2019
Who wants (tax-free) $10 Million?
It sounds like a hustle you might hear on a dark street, the chance to get $10 million and not pay any federal income tax on, but it is possible. That prospect should figure into how transactional lawyers advise their clients on choosing the form of entity in which to conduct their business.
Michael Shaff
Stubbs Alderton & Markiles, LLPMichael is chair of the firm's Tax Practice group. Michael specializes in all aspects of federal income taxation. He has served as a trial attorney with the office of the chief counsel of the Internal Revenue Service for three years. He is co-author of the "Real Estate Investment Trusts Handbook" published annually by West Group. Michael received his A.B. at Columbia college in 1976, his J.D. from New York University School of Law in 1979 and his LL.M. in taxation from New York University School of Law in 1986.
It sounds like a hustle you might hear on a dark street, the chance to get $10 million and not pay any federal income tax on, but it is possible. That prospect should figure into how transactional lawyers advise their clients on...
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