Overview

Alan is senior counsel in the firm’s Tax and Real Estate practice groups. He is highly experienced in federal and state tax credit finance, including new markets tax credits, low-income housing tax credits, historic tax credits, and other tax affiliated transactions.

His practice also includes community and economic development, taxable and tax-exempt bond financing; enterprise awards; capital magnet fund awards; CDFI bond guarantees; HOME loans; housing preservation grants; multi-family housing direct loans; multi-family housing loan guarantees; multi-family housing rental assistance; choice neighborhoods planning grants; choice neighborhoods implementation grants; continuum of care; community development block grants; intermediary relending; rural business development grants; rural business investments; rural economic development loans and grants; rural community development initiatives; rural community development initiative demonstration loans and grants; community facilities direct loans and grants; rural cooperative development grants; community facilities loan guarantees; community facilities relending; and economic impact initiatives.

His practice also focuses on federal and state income taxation related to limited liability companies, partnerships, corporations, S-corporations, nonprofits, real estate investment trusts, regulated investment companies, like-kind exchanges and various debt/equity matters.

Alan’s clients include real estate developers, nonprofits, manufacturers, healthcare providers, community development entities, state and local governments and financial institutions. He has participated in closing over $5 billion of financings over his 30-year career.

Alan previously practiced as a certified public accountant, certified managerial accountant, certified internal auditor and certified fraud examiner and achieved certification in financial management.

Publications
  • “New Markets Tax Credit Program: Opportunities for Nonprofits in Distressed Communities,” Taxation of Exempts, March/April 2020
  • “New Markets Tax Credit Financing Available for Manufacturers,” Illinois Manufacturer, Winter 2012
  • “New Markets Tax Credits,” Green Pearl Seminar, New York City, September 22, 2011
  • “New Market Tax Credits Financing,” Practical Law, June 2011
  • “Stimulus Targeting Investments In Community Development and Housing,” Corporate Taxation, Vol 37, No. 1, January/February 2010
  • “Introduction to QLICIs” and “Low Income Communities,” Novogradac New Markets Tax Credits Investors Conference, Chicago, October 2009
  • “Tax Credit for Proposed Real Estate Projects,” Real Estate Taxation, Vol.36, No.3, 2nd Quarter 2009
  • “American Recovery and Reinvestment Act of 2009 Provides New Business Tax Incentives,” Corporate Business Taxation Monthly, Vol. 10, No. 7, April 2009
  • “NMTCs: An Opportunity In A Bad Economy,” Law 360, April 1, 2009
  • “Bond Issuers Should Apply for New Markets Tax Credits,” The Bond Buyer, February 2009
  • “Historic Tax Credit: An Opportunity for Corporate Investors,” Corporate Taxation, Vol. 32, No. 4, July/August 2005
  • “Nonqualified Deferred Compensation Plans Under New Code Section 409A,” Corporation Business Taxation Monthly, Vol. 6, No. 6, March 2005
  • “Charities and Politics: Permitted, Restricted and Prohibited Activities,” The Exempt Organization Tax Review, Vol. 46, No.2, November 2004
  • “New Markets Tax Credit: A New Investment Opportunity,” Journal of Taxation of Investments, Vol. 22, No. 1, Autumn 2004
  • “Split-Dollar Life Insurance: Analysis Under the Equity and the Loan Regimes,” Tax Management Compensation Planning Journal, Vol. 32, No. 9, September 2004
  • “Golden Parachute Payments to Disqualified Individuals,” Corporation Business Taxation Monthly, Vol. 5, No. 12, September 2004
  • “Golden Parachute Payments: ‘In the Nature of Compensation,” Corporate Business Taxation Monthly, Vol. 5, No. 11, August 2004
  • “Final Corporate Tax Shelter Regulations: Corporations Take Note,” Corporate Taxation, October/November 2003
  • “Unresolved Corporate Tax Shelter Issues,” Corporate Business Taxation Monthly, Vol. 4, No. 13, September 2003
  • “Constructive Sales and Gains from Constructive Ownership Transactions: An Overview,” Journal of Taxation and Regulation of Financial Institutions, Vol. 17, No. 2, November/December 2003
  • “Avoidance of Termination of a Partnership,” Tax Notes’ Special Report, Vol. 100, No. 11, September 15, 2003
  • “Section 501(j): Qualified Amateur Sports Organizations and Related Issues,” The Exempt Organization Tax Review, Vol. 41, No. 3, September 2003
  • “Unresolved Corporate Tax Issues,” Corporate Business Taxation Monthly, Vol. 4, No. 12, September 2003
  • “The Hedge Fund Verses the Mutual Fund,” The Tax Lawyer, Vol. 57, No. 1, Fall 2003
  • “Statutory Options: The New Proposed Regulations,” Tax Management Compensation Planning Journal, 39, No. 9, September 5, 2003
  • “Understanding The Jobs and Growth Tax Relief Reconciliation Act of 2003,” Corporate Business Taxation Monthly, Vol. 4, No. 11, August 2003
  • “The 2003 Final Tax Shelter Regulations,” Corporate Business Taxation Monthly, Vol. 4, No. 9, June 2003
  • “The Hedge Fund: Assessing the Risks” The Corporate Lawyer, Vol. 40, No. 10 and No. 11, April and May 2003
  • “Current Deduction for Contested Liabilities,” Mergers and Acquisitions, Vol. 3, No. 7, November 2002
  • “Characterization of Business Hedging Transactions,” Mergers and Acquisitions, Vol. 3, No. 3, July 2002
  • “The Limited Liability Company Verses the ‘S’ Corporation,” Corporate Business Taxation Monthly, Vol. 3, No. 9, June 2002
  • “Corporate Tax Shelters: Recent Court Decisions and IRS Guidance,” Mergers and Acquisitions, Vol. 3, No. 2, June 2002
  • “Annual Report: Financial Transactions,” The Tax Lawyer, Vol. 47, No. 4, Summer 2004, Vol. 56, No. 4, Summer 2003; Vol. 55, No. 4, Summer 2002; Vol. 54, No. 4, Summer 2001; Vol. 53, No. 4, Summer 2000 and Vol. 52, No. 4, Summer 1999
  • “Using Financial Asset Securitization Investment Trusts,” Corporate Business Taxation Monthly, Vol. 2, No. 12, September 2001
  • “Asset-Backed Securitizations,” Corporate Business Taxation Monthly, Vol. 2, No. 11, August 2001
  • “Tax Issues Relating to Futures and Forward Contracts,” Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings, Practicing Law Institute, Vol. 11, 2004, 2003, 2002, 2001, 2000
  • “IRS Enforcement Imperils Tax-Exempt Bonds (Parts I and II),” Corporate Business Taxation Monthly, Vol. 1, No. 2 and Nov 3, November 1999 and December 1999
  • Principles of Financial Derivatives: U.S. and International Taxation, Warren Gorham & Lamont/RIA Group, 1999
  • “Swaps, GICs and Other Investment Vehicles, National Association of Bond Lawyers,” 2003, 2002, 2001, 2000 and 1999
  • “Final Regulations: Tax-Exempt Private Activity Bonds – Strict New Rules for Municipal Finance,” Journal of Taxation, Vol. 86, p. 354, July 1997
  • “Final Mark-to-Market Regulations Much Improved But Create Problems for Non-Consolidated Affiliates,” Tax Management Memorandum, Vol. 38, No. 4, February 17, 1997
  • “Final Debt Modification Regulations Still Quick on the Trigger,” Tax Management Memorandum, 37, p. S-229, August 19, 1996
  • “FASITs: New Tax Rules for Asset Securitization,” Tax Management Memorandum, Vol. 37, No. 26, 1996
Presentations
  • "Bridging the Gap in Your Capital Stack with New Markets Tax Credits", Thompson Hine Webinar, February 23, 2021
  • “Upcycle Opportunities: Key Value Add and Redevelopment Strategies,” Institute Property Advisors, Chicago, Illinois, April 4, 2017
  • “Ask an Expert: New Markets Tax Credits,” Council of Development Finance Agencies’ 2012 CDFA National Development Finance Summit, Charleston, South Carolina, November 2015
  • “New Markets Tax Credits and Historic Tax Credits,” Texas Housing Conference, July 24, 2014
  • “Introduction to QLICIs and “Recapture,” Novogradac New Markets Tax Credits Investors Conference, San Diego, January 2014
  • “Overview of New Markets Tax Credits 101,” Texas Housing Conference, July 22, 2013
  • “Introduction to Community Development Entities” and “Qualified Equity Investments and Substantially-All Requirement,” Novogradac New Markets Tax Credits Investors Conference, San Diego, January 2012
  • “Cutting-Edge Layered Tax Credit Financed Projects,” Council of Development Finance Agencies’ 2012 CDFA National Development Finance Summit, Washington D.C., August 1, 2012
  • “New Markets Tax Credits and Other Tax Incentives for Real Estate Development: Qualifying, Applying for and Using Tax Credits to Structure Real Estate Projects,” Strafford Publications Webinar, July 31, 2012
  • “Overview of New Markets Tax Credits - Residential Retail and For-Sale Housing,” Texas Housing Conference, July 23, 2012
  • “Closing A Deal,” Reznick’s 2012 New Markets Tax Credit Summit, Miami, April 2012
  • “Introduction to New Markets Tax Credits,” Fundamentals of Economic Development Finance Webcourse, Council for Development Finance Agencies, June 22-24, 2010
  • “Recent Developments in New Markets Tax Credits,” National Housing & Rehabilitation Association’s Annual Meeting & New Markets Tax Credits Symposium, Miami, March 2010
  • “Investment Tools: Tax Credits and Innovation Finance,” Texas Economic Development Council Fundamentals of Economic Development Finance Seminar, Austin, Texas, April 3, 2009
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