Lary S. Wolf

Lary S. Wolf, for more than 35 years, has worked with U. S. and foreign clients to design tax-sensitive structures for the ownership, operation and disposition of real property. He has been active in all areas of real estate and partnership taxation, including the formation of REITs and the transfer of properties to REITs and umbrella partnerships. He has designed structures for domestic and international real estate funds that address the issues of foreign and exempt investors. He is co-author of the book Federal Taxation of Real Estate, A Guide for Advisors and Investors. He has worked closely with New York State and City tax officials to devise solutions to industry problems involving real estate transaction taxes and was instrumental in developing the New York State and City tax legislation that made it feasible to use the REIT structure for New York properties. His experience with New York transaction taxes gives him a unique perspective in designing loan workouts on troubled properties. In addition to restructuring debt utilizing securitized financing and offshore sources, he has been involved in all aspects of complex bankruptcy reorganizations, including planning for federal, State and City taxes. He has worked with corporate debtors to reserve tax attributes, such as net operating loss carryovers. He also assists clients in federal, New York State and City tax controversies. He has represented both private and publicly held companies with federal tax audits, appellate reviews and U.S. Tax Court litigation on complex issues involving valuation, inventories, capital/expense determination and net operating loss utilization. A member of the Advisory Boards of Tax Management and the NYU Real Estate Institute, he is also a member of the Board of Governors and Chairman of the Tax Policy Committee of the Real Estate Board of New York.

He received his B.A. and J.D. from Rutgers University, where he was an editor of the Law Review.