Scott Paul Borsack

Practice Details

• Payment Information
  Payment & Cost Features

  Free initial consultation
  
• Video Calls
  Offers Video Calls

  Video Call Options

  Zoom
  
• Firm Information
  Position

  Partner

  Firm Name

  Szaferman, Lakind, Blumstein & Blader, P.C.
• Representative Cases & Transactions
  Transactions

  Represented an individual in a gift tax audit, securing a reduction of more than $2 million in proposed gift taxes; Represented a lender restructuring a loan and taking an equity interest in the borrower that saved more than $25 million in income taxes; Represented a family wishing to pass a majority interest in the family owned business to the next generation; using sophisticated gift giving techniques more than $10 million in gift taxes were saved; Represented a family with 500 acres in the Marcellus Shale region; devised a plan that allowed the parents to retain several million dollars of future royalties while passing on the excess to the next generation, saving several million dollars in estate and gift taxes; Represented shareholders in a corporation on the sale of their business; structured the transaction to meet the purchaser's requirement that there be an asset sale, while getting capital gain treatment for the shareholders saving more than $5 million in income taxes; Represented the general partner of an investment limited partnership and structured tax provisions in various transaction documents to maximize income tax efficiency while insuring that the sophisticated distribution requirements of limited partners were properly reflected in transaction documents; Represented foreign investors to create a structure in the United States to promote the funding of litigation by plaintiffs in need of capital while minimizing US taxation on the proceeds to be received under the funding relationship.