On December 30, 2013, the IRS issued Revenue Procedure 2014-12, setting forth a safe harbor for federal historic rehabilitation tax credit (HTC) transactions. Investors have been skittish about HTC deals ever since the 2012 federal appellate court decision in the Historic Boardwalk Hall case, which disallowed the allocation of HTCs to an investor. The
Chair of the Income Tax Group, John has more than 30 years of experience in federal, state and local taxation matters. His expertise also includes corporate law, partnerships and real estate. He structures complex transactions to take advantage of tax opportunities and avoid tax pitfalls. John also handles tax controversy work, including audits, protests and appeals. His experience extends to nonprofit issues, including exempt status. John has achieved the highest rating, AV Preeminent®, from Martindale-Hubbell® and has been named to Best Lawyers in America®, in the area of Tax Law.