Lawrence J. Arem

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

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