Leslie Loffman concentrates his practice on providing tax structuring and business risk advice to leading REITs and opportunity funds and their partners in the United States, Europe, and Asia. He has more than 25 years of experience handling all aspects of tax and business structuring matters for REITs, (including going private and merger transactions), private equity funds, partnerships, corporations, and limited liability companies.

Mr. Loffman is a well-known author and frequent lecturer on numerous tax issues including REITs, opportunity funds and other partnership structures, like-kind exchanges, investments by pension trusts and other tax-exempt entities, and tax aspects of workouts and bankruptcies.

He is a member of the ABA Task Force on Bankruptcies and Workouts; served as national chairman of the American Bar Association’s Committee on Real Estate from 1995 to 1997; and co-chaired the ABA Task Force on Publicly-Traded Partnerships.

Mr. Loffman is co-chair of Practising Law Institute’s Annual Real Estate Tax Forum and has co-chaired Practising Law Institute's REIT Program. He has chaired New York University's Annual Conference on Real Estate and its Conference on Partnerships and other Passthrough Entities. He is on the advisory boards of the National Real Estate Institute and Tax Management, Inc. Mr. Loffman has served on the board of contributing editors for the Journal of Real Estate Taxation and was a regular columnist for the Journal of Passthrough Entities. He is the co-author (with Peter Fass and Sanford Presant) of the two-volume treatise Tax Aspects of Real Estate Investments.

The respected English publisher Chambers and Partners cites him in Chambers USA: America's Leading Lawyers for Business and has described him as "a major force in the industry." In 2007, he was named a New York Super Lawyer.

Felvétel

• New York

Tagságok

• Chairman, American Bar Association Committee on Real Estate (1995-1997)
• Vice Chairman, ABA Task Force on Publicly-Traded Partnerships (1995 to Present)
• NYSBA Committees on Partnerships and Income from Real Property (1987 to Present)
• Association of the Bar of the City of New York, Committee on Passthrough Entities (1990 to Present)
• ABA Task Force on Section 108: Bankruptcy and Workouts (1991 to Present)
• Advisory Board, National Real Estate Institute (1990 to Present)
• Advisory Board, Tax Management Inc. (1997 to Present)

Publikációk

Books:

• Tax Aspects of Real Estate Investments, two-volume treatise, Clark Boardman Callaghan Co. (1992) (with Peter M. Fass, Robert J. Haft, and Sanford C. Presant)
• The Tax Reform Act of 1986, Clark Boardman Co. (1987) (with Peter M. Fass and Sanford C. Presant)
• The Effect of the Tax Reform Act of 1984 on Tax Shelters, Clark Boardman Co. (1987) (with Peter M. Fass and Sanford C. Presant)
• Real Estate Syndication Tax Handbook, Clark Boardman Co. (1987) (with Peter M. Fass and Sanford C. Presant)

Articles:
Unless otherwise indicated, all these articles were co-authored with Sanford C. Presant.

• “Avoiding Phantom Income Traps in Real Estate LLCs and Partnerships,” Journal of Passthrough Entities, CCH Incorporated (July-August 1999)
• “Effecting Tax-Free Property Contributions to UPREITs and Other Partnerships,” Journal of Passthrough Entities, CCH Incorporated (May-June 1999)
• “Income Recognition Checklist for Property Contributions to UPREITs and Other Partnerships,” Journal of Passthrough Entities (March-April 1999)
• “Sustaining Partner Allocations -- IRS’s Key Ruling on Deficit Restoration Obligations,” 88 Journal of Taxation No. 2 (February 1998) (with Richard M. Lipton and Sanford C. Presant)
• “Final PTP Regs. Abandon Restrictive Conditions and Adopt Workable New Exemptions,” 84 Journal of Taxation No. 5 (May 1996) (with Richard M. Lipton and Sanford C. Presant)
• “Allocation of Nonrecourse Liabilities: IRS Takes Two Steps Forward, One Back,” 83 Journal of Taxation No. 5 (November 1995) (with J.D. Dell, Michael G. Frankel, Sanford C. Presant and Blake Rubin)
• “Restrictive Proposed Regulations on Publicly-Traded Partnerships Could Cause Any Partnership to be Taxed as a Corporation,” 73 Taxes No. 9, at 475 (September 1995) (with Richard M. Lipton and Sanford C. Presant)
• “Final Allocation Regulations Add Simplicity but Retain Planning Opportunities,” 80 Journal of Taxation No. 6 (June 1994) (co-authors: Michael G. Frankel and Sanford C. Presant)
• “Final Allocation Regulations Still Permit Planning to Avoid Impact of the Ceiling Rule,” 80 Journal of Taxation No. 5 (May 1994) (co-authors: Michael G. Frankel and Sanford C. Presant)
• “Lease Incentives in the 1990s -- Business and Tax Alternatives,” Chapter 20, USC Major Tax Planning Institute (1994)
• “IRS Issues Proposed Partnership Allocation Rules for Contributed Property,” Journal of Taxation (May 1993)
• “Planning Opportunities Exist Under the Allocation Methods for Contributed Property,” Journal of Taxation (April 1993)
• “Avoiding Minimum Gain Recapture in Workouts Under the Final Section 704(b) Regulations,” 20 Journal of Taxation 237 (Spring 1993)
• “Tax Consequences of Restructuring the Real Estate Partnership in Default,” Tax Aspects of Loan Workouts and Bankruptcies, California Continuing Education of the Bar (Fall 1992)
• “The Final Regulations Under Section 752,” 19 Journal of Real Estate Taxation 121 (Summer 1992)
• “Proposed Regulations Create Self-Charged Interest Exempt Under the Passive Loss Rule,” 19 Journal of Real Estate Taxation 121 (Winter 1992)
• “The Federal Tax Consequences of Real Estate Partnership Workouts,” New York University Real Estate Review (Fall 1991) (with Willys H. Schneider)
• “Notice 90-41 Expands Ability to Use Borrowings in Real Estate Partnerships Having Tax-Exempt Partners,” Journal of Real Estate Taxation 314 (Summer 1991)
• “Leveraged Partnerships with Tax-Exempt Entities -- Qualified Allocations and the Fractions Rule,” New York University 48^th Annual Institute on Federal Taxation (February 1990)
• “A Practical Guide to the Section 752 Temporary Regulations,” 70 Journal of Taxation, 196, 260 (April-May 1989)
• “The Effect of IRS Notice 88-75 on Publicly-Traded Partnerships,” 40 Tax Notes 747 (Aug. 1988)
• “The Final Partnership Nonrecourse Debt Allocation Regulations,” Taxes Magazine (Feb. 1987)
• “Treasury Issues Final Partnership Tax Allocation Regulations,” ABA Section of Taxation Newsletter (Spring 1986)
• “Interest Accruals Under the Rule of 78’s -- A Postmortem,” Real Estate Review (Fall 1984)
• “How ACRS Anti-Churning Rules Affect Real Estate Partnerships and Their Partners,” 57 Journal of Taxation 148 (Sept. 1982)

Szemináriumok

• Annual Real Estate Tax Forum, Practicing Law Institute (1998 - Present)
• “REITs -- Using Financing and Legal Techniques to Capitalize on the Expanding Market,” Practicing Law Institute (1998 - Present)
• Ninth Annual New York University Conferences on Federal Taxation of Real Estate Transaction (1987)
• “Sophisticated Tax Planning for Real Estate Transactions,” Practicing Law Institute (1988)