Marc A. Lewin

Marc practices tax and general business law.

Marc’s tax practice encompasses federal, Rhode Island, and other state and local taxation. Marc uses his broad experience to help individuals and businesses in the following ways:
(1) plan for and structure domestic and international tax implications of business transactions;
(2) resolve tax disputes with the IRS and state tax authorities; and
(3) assist with tax compliance issues for tax returns and information returns.
Because of his experience working for two public accounting firms, Marc understands that tax return mistakes can become complex tax problems with the IRS, Rhode Island, and other states and can result in substantial unpaid tax, penalties, and interest. Marc also enjoys helping others understand and navigate federal and state tax laws.

Marc’s corporate practice complements his tax practice. Marc works with business entities of all sizes, high net worth individuals and their trusts, as well as private foundations and public charities. Marc can assist both for-profit and non-profit organization by drafting and counseling with respect to:
(1) business legal entity formation, including choice of entity and federal tax exemption under 501(c) for non-profit organizations;
(2) stockholder agreements, partnership agreements, LLC operating agreements, and corporate bylaws;
(3) contracts for every type of business transaction; and
(4) executive compensation plans, including equity incentive plans.
Across industries, Marc has a passion for helping structure start-up companies and new non-profits, where he assists clients with making business entity selection.

Aside from his legal work, Marc is also the co-owner, with his wife, of a small e-commerce business. This experience and his experience having “hung his own shingle” as a solo lawyer gives Marc a business perspective uncommon among lawyers. Additionally, Marc serves on several nonprofit boards.

Georgetown University Law Center

LL.M. | Taxation

2007 - 2008

The John Marshall Law School

J.D. (2007)

2004 - 2007

Tufts University

B.A. (1998)

1994 - 1998

Counsel

Adler Pollock & Sheehan P.C.

2014 - Current

Practice tax and business law, assisting individuals, for-profit businesses, and nonprofit organizations.

New RI real estate conveyance tax: what you need to know now.

Adler Pollock & Sheehan P.C.

September 28, 2015

• FINRA Facts and Trends: May 2023
• Now and in 10: AG Consumer Priorities and Challenges Today and Tomorrow
• CFPB Puts Banks on Notice for Reopening Closed Accounts
• Court Of Appeal Holding: One Bad Agreement Spoils The Bunch

Recent Developments in State and Local Taxation, Year End Tax Seminar, Providence, Rhode Island

November 13, 2018

Discussion of sales tax after the South Dakota v. Wayfair case.

Affect of TCJA on Choice of Legal Entity, Adler Pollock & Sheehan P.C. Spring Seminar Series, Providence, Rhode Island

March 28, 2018

Adler Pollock & Sheehan P.C.

This seminar addressed how the Tax Cuts and Jobs Act changed the calculus for determining whether a pass-through entity or C corporation is the best choice for legal entity structure for a business.

Choice of Legal Entity for Your Business, Start Your Business. Grow Your Business, Providence, Rhode Island

November 12, 2014

Hatch Entrepreneurial Center

Tax perspective on formation, business structures, steps for formation, and an explanation of the primary business tax forms.

AV Preeminent Peer Review Rating

Martindale-Hubbell

2018

Maryland

Since 2008

Massachusetts

Since 2015

Rhode Island

Since 2015

Tax Court

Since 2008

• Free Consultation

• Tax-Exempt Organizations

Q. I have owned my home for 2 Years, 5 months. The first year we owned it, it underwent massive renovations

January 24, 2016

A: There's no clear answer provided in the tax laws that would establish your right to the income exclusion for the sale of a principle residence under IRC section 121. The regulations provide that in the case of a taxpayer using more than one property as a residence, whether property is used by the taxpayer as the taxpayer's principal residence depends upon all the facts and circumstances. In establishing whether a taxpayer has satisfied the 2-year use requirement, occupancy of the residence is required. However, short temporary absences, such as for vacation or other seasonal absence (although accompanied with rental of the residence), are counted as periods of use.

It seems that your situation is somewhere between the following two examples provided by the regulations.

Taxpayer D, a college professor, purchases and moves into a house on May 1, 1997. He uses the house as his principal residence continuously until September 1, 1998, when he goes abroad for a 1-year sabbatical leave. On October 1, 1999, 1 month after returning from the leave, D sells the house. Because his leave is not considered to be a short temporary absence under paragraph (c)(2) of this section, the period of the sabbatical leave may not be included in determining whether D used the house for periods aggregating 2 years during the 5-year period ending on the date of the sale. Consequently, D is not entitled to exclude gain under section 121 because he did not use the residence for the requisite period.

Taxpayer E purchases a house on February 1, 1998, that he uses as his principal residence. During 1998 and 1999, E leaves his residence for a 2-month summer vacation. E sells the house on March 1, 2000. Although, in the 5-year period preceding the date of sale, the total time E used his residence is less than 2 years (21 months), the section 121 exclusion will apply to gain from the sale of the residence because, under paragraph (c)(2) of this section, the 2-month vacations are short temporary absences and are counted as periods of use in determining whether E used the residence for the requisite period.

A tax lawyer or your tax return preparer could help you develop facts and circumstances that might assist you with claiming the gain exclusion. ... Read More

Q. Does RI impose a RE coveyance tax if the real property is transferring the controlling interest only?

October 2, 2015

A: Effective July 1, 2015, Rhode Island now imposes a realty conveyance tax on the transfer of controlling interests in a “real estate company,” in addition to any other state taxes. Please see an article that I just co-authored on the topic: https://www.linkedin.com/pulse/new-ri-real-estate-conveyance-tax-what-you-need-know-now-marc-lewin?trk=hp-feed-article-title-publish