Lawyer Barry Fox of New York could be in danger of losing his penthouse apartment after an appellate court ruled he isn’t entitled to rent-stabilization protections.
Fox, senior counsel with Cleary Gottlieb Steen & Hamilton, who lived in the Upper East Side building since 1975, never knew his former landlord was getting tax benefits for his apartment being rent-stabilized. He was paying market rent—$25,000 per month—and it wasn’t until 2014, when his building changed hands and a new landlord said it wasn’t going to renew his lease, that he learned he might have protections against eviction.
PDF: Penthouse in Peril for Cleary Gottlieb Lawyer _ New York Law Journal
The Republican tax bill, ever closer to becoming law, has been flooding tax attorneys with work as they scramble to understand how the proposals might impact their corporate clients.
The first major tax reform in three decades is all but the law of the land, as both the House and Senate have voted to approve it after last-minute details were hashed out this week.
But tax attorneys have already been hard at work ever since the bill started down the fast track in Congress, according to corporate tax lawyer David Miller, a partner at Proskauer Rose in New York.
PDF: Brew a Pot of Coffee, This Big Law Tax Attorney Is Burning the Midnight Oil _ Law