516-227-0700

Louis
Vlahos

Tax

Partner

Uniondale

T: 516-227-0639

LinkedIn Icon

About Louis

Louis Vlahos practices tax law and has extensive experience in corporate, individual and partnership income taxation, and in estate and gift taxation, including tax planning, ruling requests, and tax controversy.

He advises clients in connection with corporate operations and reorganizations; sales and acquisitions of businesses; corporate distributions, redemptions, liquidations, and spin-offs; shareholder and buy-sell agreements; partnership organizations and transactions; real estate sales, exchanges, and operations; executive and deferred compensation arrangements; estate and succession planning, including the transfer of business interests, and estate and gift tax audits; charitable giving; private foundation, tax exemption, not-for-profit restructuring, charitable gift acceptance, and excess benefit issues. He is a frequent contributor to the firm’s Tax Law for the Closely Held Business blog and also writes for the firm’s New York Trusts & Estates Litigation blog.

Lou counsels not-for-profit corporations in connection with reorganizations. He has advised cultural institutions, hospitals and other nonprofit organizations on their tax-exempt status, corporate restructuring, the creation and operation of supporting organizations (including fundraising entities), the structuring and acceptance of charitable gifts (including charitable trusts), compensation and other excess benefit issues, deferred compensation arrangements, and the taxation of unrelated business income.

Additionally, he has lectured on subjects such as corporate transactions and tax issues in the not-for-profit community and has written for various legal publications.

Read More

Credentials

Education

  • Columbia College
  • Harvard Law School
  • New York University School of Law (LL.M.)

Bar Admissions

  • New York

Court Admissions

  • U.S. Tax Court

Affiliations & Appointments

  • Former Member, IRS Taxpayer Advocacy Panel (TAP)
  • Estate Planning Council of Nassau County

Articles & Advisories

S Corps, CFCs & The Tax Cuts & Jobs Act

Louis Vlahos, partner, was published in Chapter 6 of the e-book publication The Tax Cuts and Jobs Act: A Guide for…

December 26, 2018

Read more

“Tax-Free” Exchanges May Not Be Free of Tax

Business owners love to hear the words “tax-free” when considering the disposition of business assets. Unfortunately, many fail to grasp…

June 07, 2017

Read more

Elder Law/Trusts & Estates: Disposing of Real Property in a Tax-Advantaged Manner

This article is reprinted with permission by the Nassau County Bar Association. Many of our clients are heavily invested in…

March 01, 2017

Read more

Did You Say a Taxable Partnership?

To learn about partnerships, partnership audits, the Bipartisan Budget Act of 2015 (“BBA”), the BBA’s changes, the “taxable partnership” and…

July 08, 2016

Read more

“Partnering” With an S Corp.

Reprinted with permission from The Suffolk Lawyer, January 2016 issue. Why, Oh Why? We’ve heard it before: “Why would you…

February 03, 2016

Read more

SCIN Alive?! A Tale of Death, Taxes, Doubt, and Redemption

Reprinted with permission by The Suffolk Lawyer, Vol. 31, No. 2, October, 2015. Davidson was dead to begin with —…

October 23, 2015

Read more

Good Deeds and Good Business

Reprinted with permission from This is Queensborough magazine, February 2014 issue. Many successful business people are also community-minded.  They have…

February 09, 2015

Read more

Arm’s Length Merger or Gift?

Reprinted with permission from The Suffolk Lawyer, Vol. 30, No. 4, January 2015.   Every now and then, a case…

January 15, 2015

Read more

Transferring the Family Business – Part IV: Not Just Gifting

Reprinted with permission from The Suffolk Lawyer, November 2014 issue. Our last post covered certain gifting techniques. Today, we will…

December 12, 2014

Read more

Transferring the Family Business – Part V: Compensation

Reprinted with permission from The Suffolk Lawyer, Vol. 30, No. 3 – December 2014     “Call it what you want, incentives…

December 01, 2014

Read more

The 2013 Rate Increases and Deferred Compensation

November 25, 2014

Read more

Succession Planning: Several Ways to Skin a Cat

Reprinted with permission from IMA.   One of the issues most often encountered by the owner of a closely held…

October 02, 2014

Read more

Family Transfers, Part II: Gifts

Reprinted with permission from The Suffolk Lawyer, September 2014.   In an earlier post, we noted that a parent who…

September 01, 2014

Read more

Prodigal Son Redux?

Reprinted with permission from The Suffolk Lawyer, Vol. 29, No. 9 – June 2014.   “There was a man who…

July 01, 2014

Read more

FLP Distributions

May 01, 2014

Read more

The Family Foundation – Breaking up May be Hard to do

April 01, 2014

Read more

From The Experts – The NY Nonprofit Revitalization Act of 2013 enacted some major changes to the rules governing not-for-profits in New York, (Part 1).

April 01, 2014

Read more

New York Business, Federal Tax Return and New York Domicile

Reprinted with permission from The Suffolk Lawyer. We all know a story like Bill’s: Bill is a New Yorker that…

March 01, 2014

Read more

Foreign Investment in U.S. Real Property

February 10, 2014

Read more

New York Nonprofit Revitalization Act of 2013 – What NFPs Need to Know

The NY Nonprofit Revitalization Act of 2013 enacted some major changes to the rules governing not-for-profits (“NFPs”) in New York. …

February 10, 2014

Read more

Related Party Sales

Reprinted with permission from The Suffolk Lawyer.   In the context of a family business, we are sometimes presented with…

January 10, 2014

Read more

Rescinding A Transaction

December 09, 2013

Read more

S-Corporations: Should They Sell Assets in 2013?

December 09, 2013

Read more

‘Wandry-ing’ About Defined Value Clauses?

November 01, 2013

Read more

Splitting Up the Family Corporation

October 01, 2013

Read more

Client Advisory: Obama’s 2014 Budget Estate and Gift Tax Proposals: How Might They Impact Your Estate Plan?

As we reached the end of 2012 and the expiration (or so we thought) of the $5 million gift/estate tax…

July 24, 2013

Read more

Foreign Accounts: Now is the Time to Disclose

July 01, 2013

Read more

Charitable conservation easements

June 01, 2013

Read more

S Corp sales, built-in gain, and 2013

May 01, 2013

Read more

Client Advisory – IRS Eases Qualifications for Employers to Reclassify Independent Workers as Employees

The Internal Revenue Service (IRS) has recently announced expansion of its Voluntary Classification Settlement Program (VCSP). This program, developed by…

April 02, 2013

Read more

Advisory — Deferred Compensation Under the American Jobs Creation Act of 2004

November 01, 2004

Read more

Read More

News

Spin Doctors: Attorneys, M&A Advisors Assist Clients With Corporate Spin-offs and Divestitures

A whole is often better than the sum of its parts, but some business owners choose to roll the dice…

December 10, 2019

Read more

Not So Fast, Mr. Trump! Relocating to a Low-Tax State Is Hard to Do

Farrell Fritz tax partner Lou Vlahos provided insight for this article, which explores the current issues facing President Trump in his…

November 12, 2019

Read more

Will Trump escape New York taxes with Florida move?

President Trump on Thursday night said he changed his residency to low-tax Florida after paying “millions of dollars” in taxes as a New…

November 11, 2019

Read more

Tax Travails Trump Could Face In Trying To Escape New York

Lou Vlahos was mentioned in a Don’t Mess With Taxes article which discusses possible challenges facing President Trump that might…

November 08, 2019

Read more

All The Reasons Trump’s Move From New York To Florida For Tax Purposes Could Be ‘Doomed’

Louis Vlahos was quoted in a MarketWatch article which discussed possible obstacles President Trump might face in his attempt to…

November 05, 2019

Read more

Taxing College Athletes’ Scholarships? How It Could Work

Lou Vlahos was quoted in a Fox Business article regarding the impact of compensation for collegiate athletes and whether or…

November 04, 2019

Read more

Made money on bitcoin? IRS wants a bite!

The IRS is coming after cryptocurrency traders. And the government isn’t being nice about it. At the end of July,…

August 06, 2019

Read more

Clever Techniques To Defer Capital Gains – Maybe Too Clever

Does MIS Work? Mr. Greenwald told me that he thinks [monetized installment sales] work provided the transaction is executed as…

July 10, 2019

Read more

Wealth Tax – That Pesky Constitution Might Get In The Way

I reached out to Louis Vlahos of Farrell Fritz for some thoughts on the constitutionality of a wealth tax.  After a pretty…

June 27, 2019

Read more

Whether a Taxpayer Qualifies for 199A Depends on Who You Ask

Disagreements over business owners’ use of the new passthrough deduction and the application of the aggregation rules have made for…

April 19, 2019

Read more

Selling Your Business – Watch Out For Effect On 199A Pass-Through Deduction

My conclusion is that 199A considerations are unlikely to make or break a deal and in many contexts, they will…

April 05, 2019

Read more

Zone Defense: Panel Discusses Limits and Advantages of New Opportunity Zones Program

Louis Vlahos, partner at Farrell Fritz, is quoted in this Long Island Business News article. The opportunity zones program, which…

February 21, 2019

Read more

Speakers: TCJA Means Treating Nonprofits More Like For-Profits

The Tax Cuts and Jobs Act has a number of provisions that both directly and indirectly affect not-for-profit organizations, but…

January 18, 2019

Read more

Property Rules

Why investing in real estate can boost your retirement income. Louis Vlahos, partner at Farrell Fritz, was quoted in this…

January 14, 2019

Read more

Boom time ahead for Long Island?

Louis Vlahos, partner, who leads the Farrell Fritz tax practice group is quoted in this article. Tax reform, Wayfair case and…

August 01, 2018

Read more

To C or Not to C?

Louis Vlahos, partner at Farrell Fritz is mentioned in this article. C-Corp offers tax treasures and traps as new code…

July 09, 2018

Read more

Understanding the Specifics of a Business Divorce

Breaking up is hard to do, so Uniondale-based law firm Farrell Fritz has set up a practice group to make…

June 30, 2016

Read more

Farrell Fritz Counsels Disputing Partners with Business Divorce Practice Group

The attached advertorial, published in the May 27, 2016 issue of Long Island Business News, discusses the launch of Farrell Fritz’s…

June 02, 2016

Read more

Estate Planning Client Strategies

Louis Vlahos has recently been published in the book, Inside the Minds: Estate Planning Client Strategies. The book provides insider…

September 18, 2014

Read more

Uniondale Business, Farrell Fritz, P.C. Attorneys at Law, Supporting St. Mary’s Healthcare System for Children With Spec

April 30, 2009

Read more

Ones to Watch in Law: Louis Vlahos

March 10, 2009

Read more

LI People on the Move: Louis Vlahos Named to Long Island City Business Development Corp. Board

February 17, 2009

Read more

JLNS: Louis Vlahos Appointed to the Board of Directors of Long Island City Business Development Corporation

February 05, 2009

Read more

Newsbriefs: Louis Vlahos Appointed to Long Island City Business Development Corporation Board of Directors

February 04, 2009

Read more

Who’s Who in Tax & Bankruptcy Law

February 15, 2008

Read more

Chamber Hosts Economic Development Forum

July 01, 2006

Read more

Read More

On Demand Webcasts

Expert Webcast: Opportunity Zones — Tax Planning for Closely Held Businesses

July 18, 2019

View Webcast

“Business Purpose” And Dividing The Family Corporation: Think Before You Let it Rip

Lou Vlahos, tax partner at Farrell Fritz, will present this Celesq webcast. The “family” is sometimes described as the smallest…

April 01, 2019

Read more

Qualified Opportunity Zones

April 11, 2019

View Webcast

Maximizing Proceeds in Private Company Exits: ESOPs and Other Alternatives

Louis Vlahos, tax partner at Farrell Fritz, will be a speaker for the webcast, along with David Johanson, partner at…

December 13, 2018

Read more

Tax Considerations in M&A for Buyers and Sellers

View Webcast

What Business Owners Need to Know About Successfully Transitioning Their Company

View Webcast

Family Business Exit Planning: Key Pitfalls and How to Avoid Them

View Webcast

Liquidity Options for a Closely-Held Company

View Webcast

The New Section 199A Qualified Business Deduction: Opportunities and Stumbling Blocks for Your Business

View Webcast

Estate Planning for Business Owners and High Net Worth Families Under the New Tax Law

View Webcast

Read More

Press Releases

29 Farrell Fritz Attorneys Recognized as 2019 Leading Lawyers in Their Respective Areas of Practice

Farrell Fritz has a combined total of 29 attorneys selected to the 2019 New York Metro Super Lawyers and New…

September 17, 2019

Read more

30 Farrell Fritz Attorneys Recognized as 2018 Leading Lawyers in Their Respective Areas of Practice

Farrell Fritz had a combined total of 30 attorneys selected to the 2018 New York Metro Super Lawyers and New…

September 13, 2018

Read more

31 Farrell Fritz Attorneys Recognized as 2017 Leading Lawyers in their Respective Areas of Practice

Farrell Fritz had a combined total of 31 attorneys selected to the 2017 New York Metro Super Lawyers and New…

September 20, 2017

Read more

30 Farrell Fritz Attorneys Recognized as 2016 Leading Lawyers in their Respective Areas of Practice

Farrell Fritz had a combined total of 30 attorneys selected to the 2016 New York Metro Super Lawyers and New…

September 21, 2016

Read more

Farrell Fritz Launches Business Divorce Practice Group

Farrell Fritz is pleased to announce the launch of the firm’s Business Divorce practice group. Led by Peter A. Mahler,…

June 06, 2016

Read more

30 Farrell Fritz Attorneys Recognized as 2015 Leading Lawyers in their Respective Areas of Practice

Farrell Fritz had a combined total of 30 attorneys selected to the 2015 New York Super Lawyers and New York…

September 16, 2015

Read more

30 Farrell Fritz Attorneys Recognized as 2014 Leading Lawyers in their Respective Areas of Practice

Farrell Fritz had a combined total of 30 attorneys named to the 2014 New York Super Lawyers and New York…

September 23, 2014

Read more

Farrell Fritz Partner Louis Vlahos Recognized at SmartCEO 2014 CPA & ESQ Awards Program

Farrell Fritz is pleased to announce that partner Louis Vlahos was an Attorney of the Year finalist at Citibank’s SmartCEO…

June 30, 2014

Read more

Queens Organizations Honor Two Farrell Fritz Partners

On Thursday, May 15, 2014, tax partner Louis Vlahos will be among the honorees at Flushing Town Hall’s 35th Anniversary…

May 09, 2014

Read more

Farrell Fritz Partner Louis Vlahos Re-Elected to the Queens Chamber of Commerce Board of Directors

Farrell Fritz is pleased to announce that tax partner Louis Vlahos was recently installed as secretary on the Queens Chamber…

June 04, 2013

Read more

Farrell Fritz Tax Partner, Louis Vlahos, to Receive Pro Bono Service Award from LANY

Louis Vlahos, a Port Washington resident, will receive the Lawyers Alliance for New York’s Cornerstone Award at a volunteer recognition…

November 09, 2011

Read more

Louis Vlahos Appointed to the Board of Directors of the Long Island City Business Development Corporation

February 03, 2009

Read more

Farrell Fritz Sponsors Not-for-Profit Education & Assistance Corp.’s 8th Annual Spring Luncheon

May 21, 2008

Read more

Farrell Fritz Attorneys Honored for Aiding Veterans of Foreign Wars

October 16, 2007

Read more

Dual Board Appointments for Louis Vlahos

May 31, 2007

Read more

Louis Vlahos Honored by Touro Law Center

April 25, 2006

Read more

Read More

Pro Bono

Helping The Unisphere Foundation Beautify the City

The Unisphere Foundation is a not-for-profit foundation that was founded in 2003 and operates out of Queens, New York. Its…

August 11, 2011

Read more

MovINNg Along: Buying & Selling Buildings, Revising Certificates of Incorporation

The INN (Interfaith Nutrition Network) is a not-for-profit corporation that provides food, shelter, and support services to the hungry and…

July 26, 2011

Read more

Long Island Arts Alliance

Thanks to Long Island’s diverse and impressive cultural institutions, residents don’t have to go far to see a Rodin or…

January 01, 2010

Read more

Nassau County Museum of Art

Farrell Fritz has been in the legal picture for Long Island’s leading art museum for years. Louis Vlahos, who heads…

January 01, 2010

Read more

Long Island Alzheimer’s Foundation

LIAF began in 1988 in typical grass-roots fashion. Five women, each of whom had a parent or grandparent with Alzheimer’s…

January 01, 2010

Read more

Queens Theater in the Park

Queens Theatre in the Park, located in Flushing Meadows Corona Park, is one of the borough’s premier venues for theater,…

January 01, 2010

Read more

Separating Church and Housing Development

A local area church faced a tricky political problem that required the skills of Farrell Fritz attorneys. The problem occurred…

January 01, 2010

Read more

The Donna Dennis Foundation

Over the years, Farrell Fritz has reached out through its pro bono program to numerous Long Islanders, most of whom…

January 01, 2010

Read more

East River Development Alliance

“Think Local” is a guiding principle of the East River Development Alliance, an organization founded in 2003 specifically to assist…

January 01, 2010

Read more

Queensbridge Scholarship Fund

Farrell Fritz first became involved with the Queensbridge and Ravenswood public housing projects in Long Island City through its pro…

January 01, 2010

Read more

Read More

Recognition

icon of a star inside a flag

Lawyers Alliance for New York

Cornerstone Award 2011

icon of a star inside a flag

SmartCEO CPA & ESQ

Attorney of the Year Finalist 2014

icon of a star inside a flag

Super Lawyers

New York Metro (Tax) 2013–Present

icon of a star inside a flag

Long Island Pulse

Top Legal Eagle 2013

icon of a star inside a flag

Queens Chamber of Commerce

Business Person of the Year 2010

icon of a star inside a flag

Long Island Business News

Who’s Who in Tax & Bankruptcy Law 2008, Who’s Who in Tax Law 2006

icon of a star inside a flag

AV Preeminent Martindale-Hubbell

Peer Review Rating

Community Work

Lou serves on the advisory board for the Long Island Community Foundation.

Lou is a member of The Society of Columbia Graduates board. The Society, comprised of fewer than 1,000 members, brings together alumni who have supported Columbia’s undergraduate schools, libraries, teams, programs, clubs, and publications, and mentors its students and graduates during the decade or more following their graduations.  He is a former board member of the Queens Theatre in the Park and the Queens Economic Development Corporation.