Profile

Stephen Land
Partner
Duval & Stachenfeld

Stephen Land, who is one of the top international tax lawyers in the United States, is chair of the Firm’s Tax Practice. Mr. Land is known for his creative problem-solving approach and his responsiveness to client needs. He has brought those skills to bear on some of the largest international M&A transactions and restructurings of distressed assets and companies. He regularly advises on tax and ERISA for real estate, private equity, and hedge funds and their investors, regarding both the structure of the funds and their investments. He also has extensive experience in the structuring of complex financial instruments and derivatives. Recognized as a thought leader in the field, Mr. Land speaks regularly on tax topics at conferences in the United States and elsewhere. He is an officer of the Tax Section of the New York State Bar Association, and has been published in The Tax Lawyer and Tax Law Review, among others. Mr. Land has been recognized as a leading tax practitioner by Chambers, Legal 500 and other legal directories. Mr. Land’s principal papers provide novel insights into some of the knottiest problems of the tax law. In addition, these papers have been into a two-volume hardcover set, available online through Lulu, a web-based direct publisher. Mr. Land routinely advises our real estate clients on the following: formation of tax-efficient structures; negotiating fund-operator joint ventures; New York State and City Transfer Taxes; foreign investment in US real estate (including avoiding FIRPTA for foreign investors); structures for investment in non-US real estate and debt; real estate fund formation; fund manager compensation; complex equity participations and debt restructurings; avoiding cancellation of indebtedness income; arranging tax-free like-kind exchanges; tax-exempt investors (including UBTI and fractions rule compliance); managing REIT compliance; and ERISA investors (including VCOCs and REOCs). He also regularly advises our non-U.S. clients on a myriad of issues relating to investments in the United States, including the following: securing treaty benefits; avoiding being engaged in a “trade or business” in the U.S.; minimizing withholding tax burdens; navigating anti-deferral regimes such as the PFIC and CFC rules; integrating U.S. and foreign tax planning to minimize overall tax burdens; dealing with FATCA and other foreign accounts reporting; and preserving exemptions for foreign pension and sovereign wealth funds. Mr. Land is licensed in New York. Prior to joining the firm, Mr. Land was the head of the U.S. tax practice at Linklaters. Before that, he practiced at Howard, Darby & Levin (now part of Covington & Burling) and Sullivan & Cromwell. Mr. Land received his A.B., cum laude, from Harvard College in 1975; his J.D., magna cum laude, from Harvard Law School in 1979; and his M.B.A. with High Distinction (Baker Scholar) in 1979. Mr. Land is licensed in New York.


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