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Stephen Looney Speaks at NYU Tax Institute

Published: November 22nd, 2013

By: Stephen R. Looney

Dean Mead attorney Stephen Looney was a featured speaker at the 72nd NYU Tax Institute in San Francisco, California on November 20th, 2013.  Mr. Looney’s presentation was entitled Tax Effects of Converting Entities Under Check the Box, State Law Conversion Statutes, State Law Merger Statutes and “Manual” Conversions.  The presentation examined the federal tax consequences of changing from one form of entity to another form of entity under the various methods available, including conversions of sole proprietorships into corporations, the incorporation of a partnership, the conversion of a corporation into a sole proprietorship or a single-member LLC that is a disregarded entity, the conversion of a corporation into a partnership, the conversion of a disregarded entity into a partnership, and the conversion of a partnership into a disregarded entity.  In addition to highlighting the tax consequences of each of these transactions, the pitfalls associated with such transactions were also discussed.  This presentation marks the 11th time Mr. Looney has spoken at the NYU Tax Institute.