Our Tax Department lawyers provide pragmatic advice for a broad range of sophisticated tax issues in corporate, financial, real estate and art transactions. Strategic solutions, risk reduction and minimizing tax controversy are integral parts of our team’s value-added approach. Our broad range of experience allows us to anticipate issues arising on either side of a transaction and deliver efficient tax solutions that successfully meet our client’s goals.
We counsel domestic and international clients across a broad range of industries, from financial institutions and major real estate developers to world-renowned sports teams. We regularly advise banks, insurance companies, investment funds, family offices, and high-net-worth individuals on tax and wealth planning matters.
Areas of Focus:
We assist clients with tax issues arising out of nearly every type of corporate transaction, including joint ventures, mergers and acquisitions, business formation, financings, workouts and restructurings, fund formation, and private equity and venture capital transactions.
Working with attorneys in our leading real estate practice, our tax attorneys advise on the full breadth of tax-related considerations including addressing issues ranging from real property transfer tax to 1031 exchanges and other tax-deferred disposition strategies. We also provide tax services for real estate joint ventures, real estate funds, project financings, property development and conversion, commercial foreclosures, construction loans and commercial leasing.
Cross-border investment structures
Drawing on our strong domestic and cross-border experience, we advise foreign investors on the tax implications of acquisitions and investments in the United States. Our attorneys work across industries to provide seasoned advice on a broad range of commercial investments for international investors.
Commercial art transactions
Herrick maintains a preeminent commercial art law practice and provides related tax services, including advice on U.S. sales tax and 1031 exchanges. We actively represent clients in all types of art transactions, including the purchase, consignment, sale and auction of major works of art, and domestic and international loans of significant artworks and collections.
State and local tax
Our tax attorneys regularly advise on a variety of state and local tax matters including sales and use taxes and real estate transfer taxes.
We represent clients at every level and in every type of dispute resolution with taxing authorities, including at audit, administrative appeal, and mediation and arbitration.
Personal income tax planning
We coordinate with our Trusts and Estates colleagues to provide trust and estate planning, including international tax planning, charitable giving and counsel on tax controversies.