Lawrence J. Arem
- Tax |
- Philadelphia, PA |
Biography
Larry concentrates his practice on rendering advice to clients on issues related to federal and state taxation. His strongest asset is the ability to bring a broad range of tax and business experience to bear on a matter and to address an issue in a practical manner, while paying careful attention to the requirements of the tax laws. He frequently advises clients on tax issues which include:
- All aspects of real estate taxation, including:
- Qualified Opportunity Zone Issues
- 1031 Transactions
- Disguised Sale Issues
- Partnership Taxation
- REIT Taxation
- Carried Interests
- Realty Transfer Tax
- Local Philadelphia Income and Other Taxes
- Pennsylvania Taxes
- Real Property Assessments and Appeals
- Historic Rehabilitation Tax Credits
- New Markets Tax Credits
- Cancellation of Indebtedness
- Insolvent Partnerships and Partners
- Mergers and Acquisitions
- Establishment of Investment Partnerships
- Estate Planning
- Establishment and Administration of GRATS
- Charitable Trusts
- Asset Protection Trusts
Education
University of Pennsylvania Law School, J.D.
New York University, LL.M.
New York University, B.S.
Admissions
Pennsylvania
U.S. Tax Court
Memberships
Philadelphia Bar Association
American Bar Association
Awards & Honors
Recognized as a leading tax law attorney in Pennsylvania by Chambers USA (2019-2022)
Named to “The Best Lawyers in America©” list for Tax Law (2016-2023)
Named as a “Lawyer of the Year” by “The Best Lawyers in America©” for Tax Law (2022)
Martindale-Hubbell “AV Preeminent” rated
News & Events
Author, “Reminder: Property Tax Assessment Appeal Deadline for Philadelphia is October 3,” September 13, 2022
Author, “2023 Property Tax Assessment Appeal Deadline Approaching,” July 27, 2022
Author, “Philadelphia Revised Assessments Due Out Today,” March 31, 2022
Author, “Property Tax Assessment Appeal Deadline Approaching,” July 21, 2021
Author, “Philadelphia Use and Occupancy (U&O) Tax Exemption Update,” April 15, 2020
Author, “COVID-19 and Qualified Opportunity Zone Timeline and Deadlines,” April 14, 2020
Author, “Philadelphia Revenue Department Clarifies COVID-19 Relief,” April 6, 2020
Author, “CARES Act – Business Interest Deduction and Qualified Improvement Property,” April 6, 2020
Presenter, “Qualified Opportunity Zones, An Unqualified Opportunity?” Accredited CLE, November 5, 2018
“What Every Real Estate Lawyer Needs to Know: Philadelphia Taxation of Real Estate Entities,” PBI, Taxes in Real Estate Transactions, 2011
“Codification of Economic Substance,” Philadelphia Bar Association’s Tax Section CLE, April 2011
“Revenue Ruling 99-6, Planning Opportunities and its Future,” PBI, 2011
"He has great command of the tax code and a great understanding of city and state transfer tax regulations." "He is a very talented lawyer."