Donald Schapiro

Partner

Practice Description

Donald Schapiro’s practice focuses on both domestic and international tax, business, and trusts and estates matters. He advises individuals owning closely held businesses or significant family wealth regarding transfers of business interests and inter-generational issues on transfers of wealth. He advises clients in purchases and sales of businesses; in the organization of jointly owned entities to carry on business activities after the founder is no longer active; in organizing and operating charitable foundations; and in drafting wills and trusts which cater to the desire of individuals to control wealth during their lifetime and to pass it on to heirs at their death in a manner which seeks to reduce tax burdens, minimize controversy among siblings, and provide succeeding generations with maximum flexibility.

Mr. Schapiro has participated personally in a number of successful business ventures for which, in addition to contributing capital, he provided insights as to methods of structuring the transactions.

Honors

Activities and Affiliations

• Member: Association of the Bar of the City of New York; New York State Bar Association (Tax Section Executive Committee); American Bar Association (Section of Taxation); American Law Institute Advisory Group (large) on Subchapters C and K; American College of Tax Counsel
• Former member: Chairman, Tax Section of the New York State Bar Association; Financial Accounting Standards Advisory Committee, Financial Accounting Standards Board

Publications

Mr. Schapiro has written many articles on taxation, including those which developed the concepts embodied in changes to the Internal Revenue Code relating to commodity tax straddles in 1982 and passive losses in 1986.