Mark E. Wilensky is a partner in the Tax & Tax Controversy Practice Group at Meltzer, Lippe, Goldstein & Breitstone, LLP. Prior to joining the firm Mark was a tax attorney in the New York City office of Roberts & Holland LLP for twelve years. In September 2017, Mark was elected a Fellow of the American College of Tax Counsel (or “ACTC”) in recognition of his exceptional degree of professional commitment to the practice of tax law. ACTC is a nonprofit professional association of tax lawyers in private practice, in law school teaching positions and in government who are recognized for their excellence in tax practice and for their substantial contributions and commitment to the profession.
A large part of Mark’s practice involves advising clients looking to sell, exchange, lease, or refinance real estate and take advantage of the tax deferral opportunities offered by section 1031 exchanges, qualified opportunity funds, installment sales, and long-term lease agreements. Mark frequently works with real estate counsel at the Firm advising clients operating as partnerships, limited liability companies, or S corporations on ways to achieve tax deferral from an exchange of property without triggering gain from receipt of taxable “boot.”
In February, 2019, Mark testified at the Department of Treasury/IRS hearing in Washington D.C. on the proposed Treasury regulations regarding investments in Qualified Opportunity Funds. Mark had principal responsibility for the ABA Tax Section’s comments on the proposed regulations that were submitted to members of the Department of Treasury and the IRS in January 2019