Louis B. Schatz

Partner

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Louis Schatz is a member of the firm’s Management Committee. He is also the Co-Chair of the firm's Tax Practice Group. He is the past Chair of the Tax Section of the Connecticut Bar Association. He practices in the areas of federal and State of Connecticut tax with attention to the representation of closely held businesses organized as limited liability companies, partnerships and S corporations; real estate joint ventures; and the representation of taxpayers involved in Connecticut tax controversies (at the audit, appellate and court levels). He is a frequent lecturer on federal and State of Connecticut tax, partnership and limited liability company issues. For many years he has been providing annual updates on Connecticut tax developments to out-of-state accountants. His recent lectures include presentations to the Connecticut Bar Association, the Connecticut Society of CPA's, the Connecticut Business and Industry Association, the National Conference of CPA Practitioners, the New York State Society of CPA's, the Long Island Tax Practitioner Symposium, the National Business Institute, the University of Connecticut Income Tax School, and the Foundation for Accounting Education in New York City. Louis is widely published, including his co-authorship of "Connecticut Limited Liability Act: Forms and Practice Manual," the leading treatise in Connecticut on limited liability companies.

Distinctions

  • Special Master, Connecticut Tax Court
  • Member of Special Committee appointed by Connecticut Law Revision Commission to consider changes to the application of Connecticut's LLC law to professionals; 2002
  • Member of Special Committee appointed by Department of Revenue Services Commissioner to consider changes to Connecticut’s partnership tax laws; 2010
  • AV Peer Review Rated, Martindale-Hubbell
  • Listed as a Connecticut Super Lawyer®: Tax; 2006-2012
  • Listed in The Best Lawyers in America®: Tax Litigation & Controversy, Tax Law; 2012-2013
  • Named "Lawyer of the Year": Best Lawyers' 2013 Hartford Region Tax Law
  • Connecticut Bar Foundation: James W. Cooper Fellow 2008

Teaching Positions

  • University of Connecticut: Income Tax School
  • Guest Lecturer, University of Hartford: Barney School of Business

Professional Affiliations

  • American Bar Association: Taxation Section
  • Connecticut Bar Association: Past Chair of Tax Section; Limited Liability Company Sub-committee (former Chair); Property and Conveyance Tax Sub-Committee (former Chair) 
  • New York Bar Association
  • ISA (Independent State and Local Tax Alliance)

Ownership Restructure of Major Hotel at Connecticut Airport

Represented real estate developer in restructuring the ownership of a major hotel at a Connecticut airport.

Business and Tax Representation for Premier Caterers in Tri-State Area

Provide business and tax representation to premier caterers in New York, Connecticut, and New Jersey.  Venues include Pier 60 in New York City, the Botanical Gardens in the Bronx and Steiner Studios in Brooklyn.

Publications

October 30, 2012  MTA Payroll Tax Protective Refund Claims Due: UPDATE
October 10, 2012  Connecticut Tax Developments
October 9, 2012  Business Tax Policy Change Is In The Air (Again)
October 1, 2012  Connecticut Tax Developments 2012
June 22, 2012  2012 Regular and June Legislative Sessions: No News is Good News?
March 28, 2012  Connecticut Supreme Court Nexus Decision Expands Definition of Retailers Required to Collect Sales and Use Tax
November 3, 2011  Connecticut General Assembly Enacts Economic Growth and Jobs Creation Act in October Special Session
September 28, 2011  New IRS Classification Settlement Program Provides Tax Relief for Independent Contractor Misclassification
September 8, 2011  Tropical Storm Irene Prompts Connecticut and Federal Tax Filing Extensions
July 15, 2011  Legislative Sessions End with More Taxes and More Questions
May 6, 2011  Connecticut General Assembly Approves Budget for the Biennium
February 23, 2011  Governor's Budget Provides for More Taxes for Everyone
September 24, 2010  Connecticut Publishes Guidance on Economic Nexus Legislation
August 19, 2010  Exempt Organizations Update
July 1, 2010  Connecticut General Assembly Enacts Tax Law Changes During June Special Session
June 22, 2010  IRS Issues Guidance on the Indoor Tanning Services Excise Tax
June 16, 2010, Updated December 2010  Connecticut Tax Developments 2010
May 28, 2010  IRS Announces One-Month Application Period for Qualifying Therapeutic Discovery Project Tax Credit
May 3, 2010  Health Care Reform: Federal Tax Law Changes
December 2009  Connecticut Limited Liability Company: Forms and Practice Manual
October 23, 2009  Connecticut Tax Developments 2009
October 16, 2009  Special Connecticut Tax Settlement and Disclosure Programs
September 4, 2009  Connecticut Budget Impasse Resolved
April 1, 2009  Connecticut Tax Amnesty Program
February 6, 2009  Proposed Connecticut Tax Legislation
December 31, 2008  Connecticut Tax Developments 2008
November 14, 2008  Connecticut Tax Developments

Events

April 4, 2013  A Lawyer's Guide to Drafting Corporate and LLC Organizational Documents
December 5, 2012  New York State Society of CPAs, Rockland Chapter: 2012 Connecticut Tax Update
November 27, 2012  National Conference of CPA Practitioners: 2012 Connecticut Tax Update
November 15, 2012  Tax Professionals Symposium: 2012 Connecticut Tax Update
November 13-14, 2012  The 2012 University of Connecticut Income Tax School for Practitioners
November 12, 2012  Tri-State Taxation Conference: 2012 Connecticut Tax Update
July 19-20, 2012  Independent SALT Alliance: 2012 Summer Meeting
June 11, 2012  2012 CBA Annual Meeting: Unraveling the Mysteries of Tax Allocation Provisions
March 13, 2012  Connecticut Bar Association: Applying the IRS Safe Harbor Rules to the Tax Allocation Provisions of Operating Agreements
January 18, 2012  Tri-State Taxation Conference: 2011 Connecticut Tax Developments
November 16 - 18, 2011  The 2011 Long Island Tax Professionals Symposium
November 15 - 16, 2011  The 2011 University of Connecticut Income Tax School for Practitioners
November 9, 2011  2011 Tax 360 Conference: Federal Tax Legislative Update
November 7, 2011  New York State Society of CPAs, Westchester Chapter: Small Business Taxation Conference
June 22, 2011  Connecticut Business Tax Issues: Proper Planning Can Help Minimize Unanticipated Costs
November 17, 2010  The 2010 University of Connecticut Income Tax School for Practitioners
January 21, 2010  Tri State Taxation Conference: 2009 Connecticut Tax Developments
November 18, 2009  Annual Tax/Plenary Conference
October 26, 2009  New York State Society of CPAs, Westchester Chapter: Small Business Taxation Conference
September 10, 2009  Federal Income Taxation Committee
December 9, 2008  Westchester Chapter Tri-State Update
November 20, 2008  2008 Long Island Tax Practitioner Symposium
November 19, 2008  The 2008 University of Connecticut Income Tax School for Practitioners
December 3, 2007  The 2007 University of Connecticut Income Tax School for Practitioners
November 15, 2007  2007 Long Island Tax Practitioner Symposium
March 24, 2005  New Tax Rule Affects Compensation Practices
November 18, 2004  Legal Issues for Tax Practitioners
October 22, 2004  Recent Developments Affecting Connecticut LLC's
October, 2004  Connecticut Tax Developments
June 7, 2004  What Every Estate Planner Needs to Know About Partnership Taxation
January 8, 2004  Recent Connecticut Tax Law Changes
December 2, 2003  2003 Connecticut Tax Developments
December 2, 2003  Recent Connecticut Tax Developments
November 18, 2003  Legal Issues for Tax Practitioners
November 13, 2003  Income Tax Issues
June 19, 2003  2003 LLC update: The Continuing Evolution of Connecticut's Preferred Form of Entity
May 20, 2003  Like Kind Exchanges
February, 4, 2003  Tax Considerations for Sole Proprietorships, Partnerships, Limited Liability Companies, S Corporations and C Corporations in Connecticut
October, 2002  Connecticut Tax Developments
February 19, 2002  The Revised Article 9 of the Uniform Commercial Code in Connecticut
January 29, 2002  Commercial Lending Requirements and Loan Documentation in Connecticut
October 2001  Overview of Limited Liability Corporations
October, 2001  Connecticut Tax Developments
October 2000  Overview of Limited Liability Corporations
October, 1999  Limited Liability Companies
May, 1997  Connecticut Sales and Use Tax Update
1997  Limited Liability Companies and Limited Liability Partnerships
October, 1996  Federal Income Tax Developments
1996  Limited Liability Companies: The Entity of Choice in Connecticut
1996  Limited Liability Companies and Limited Liability Partnerships
October, 1995  Connecticut Sales and Use Taxes on the Construction Industry
October, 1995  Federal Income Tax Developments
1995  Limited Liability Companies: The Entity of Choice in Connecticut
1995  Limited Liability Companies and Limited Liability Partnerships
1994  Like-Kind Exchanges
1994  Limited Liability Companies: The Entity of Choice in Connecticut
1994  Update on Limited Liability Companies
1993  Impact of Connecticut Transfer Taxes on Workouts Involving Distressed Real Estate
1993  Update on Limited Liability Companies
1991  Impact of Connecticut Transfer Taxes on Workouts Involving Distressed Real Estate

Practice Areas

Industries & Featured Services

Education

  • Cornell Law School, J.D., 1979
  • New York University School of Law, LL.M. (in Taxation), 1980
  • Cornell University, B.A., 1976

Bar Admissions

  • Connecticut
  • New York

Court Admissions

  • U.S. Tax Court
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