Richard is counsel to the firm’s Tax & Tax Controversy, Trusts & Estates and Wealth Preservation & High Net Worth Planning practice groups.
During his six year tenure at LILCO, Richard was responsible for all tax planning including tax audits, executive and employee compensation and benefits, real property tax litigation and state and local tax matters.Most notably, he directed the tax planning involved in the $12 billion LILCO, LIPA, Brooklyn Union Gas transaction — one of the most complicated corporate tax transactions in recent times — including obtaining of the critical IRS tax ruling needed to close the transaction.
Prior to joining LILCO, Richard was a senior tax partner in the New York office of the national accounting firm Ernst & Young where he also acted as the National Director of Executive Compensation Planning. He worked with clients involved in mergers and acquisitions, corporate and real estate transactions, financial restructurings, tax structuring of investments, and executive and employee compensation planning. At the same time, Richard served as tax advisor to the Urban Development Corporation’s High Technology Council.
Widely published, his most recent publication is Bloomberg BNA Portfolio 1750, “State Taxation of Executive and Employee Compensation and Benefits.” He is aslo the author of “Leveraged Buyout Financing in Business Combinations and Restructuring,” “The Limited Partnership as an Investment Vehicle,” and contributes frequently to Practical Tax Strategies.
Richard is a member of the Bloomberg Bureau of National Affairs Tax Management Advisory Board, the International Fiscal Association and the Tax Executives Institute, as well as the tax section of the New York State Bar Association where he has served on its Executive Committee.
Richard is an Adjunct Professor teaching Advanced Corporate Tax at the Hofstra University School of Law and courses in Taxation for the Baruch College Zicklin School of Business.