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Thomas R. Levy

Partner

Bar Admissions

State Bar of California

State Bar of New York

Previous Employment

Debevoise & Plimpton LLP

Education

LL.M. in Taxation, New York University School of Law

J.D., University of Florida College of Law, Order of the Coif, with honors

B.S., California State University, Northridge Finance and Real Estate, magna cum laude

Tom has been with Elkins Kalt since the firm’s start, concentrating primarily on the tax aspects of business and asset acquisitions and dispositions, real estate investment funds, entity formation, business succession planning and estate planning. Tom is a hands-on attorney and believes – as Elkins Kalt’s partners all do – in doing the work, and he closely advises clients on complicated real estate transactions, helping sponsors, investors, and other partners form joint ventures in the pursuit of real property acquisitions. Tom also enjoys working with entrepreneurs and business owners on wealth transfer and tax matters, incorporating their business interests into their estate plans.

Associations

Past Chair, Los Angeles County Bar Association Taxation Section

Publications and Speaking

Distressed Debt Restructuring: Are you Triggering Taxable Income?  (Client Newsletter)

The Role of Limited Liability in Determining Self-Employment Income Tax: The Continuing Conundrum of the LLC Member (Tax Notes Today)

Transferring US Funds Overseas (IMPACT: Identifying Opportunities & Risks in Global Market)

Buying and Selling Your Client’s Business: Overview of Opportunities and Pitfalls (2015, 2016)

LLCs: Advising Small Business Start-Ups and Larger Companies in California (2013, 2005, 2004)

California Property Tax Overview (2011)

Cancellation of Debt Income: The Basics (2010)

Debt Forgiveness & Restructuring (2009)

Case Studies in Debt Forgiveness: Taxation for Pass through Entities (2009)

Federal Tax Penalties (2006)

The Role of Limited Liability in Determining Self-Employment Tax (2005)