Overview
Gary M. Edelson is a partner in Montgomery McCracken’s business department. Gary advises businesses, investment vehicles and individuals on the tax issues that shape their transactions, estates and disputes. His practice covers income tax, taxation of pass-through entities (including investments by tax-exempt entities), estate and gift tax, mergers and acquisitions, and qualified plans.
Gary has represented S corporations, limited liability companies, partnerships (including private investment vehicles), registered investment companies, and grantor trusts across industries such as real estate, health care, manufacturing, investment management, and computer software.
In Depth
Gary M. Edelson concentrates his practice on issues related to income tax, taxation of pass-through entities, estate and gift tax, mergers and acquisitions, taxation of qualified plans and tax-exempt entities that invest in pass-through entities. In connection with these matters, Gary has represented "S" corporations, limited liability companies and partnerships (including private investment vehicles), registered investment companies and grantor trusts.
Gary represents clients in the real estate, health care, manufacturing, investment management and computer software industries. He represents large publicly held companies in dispositions and acquisitions of large real estate holdings by pass-through entities using like-kind exchanges, as well as large privately held pass-through entities in the sale of partnership interests to large pension funds. He was counsel to senior management personnel in sales of large blocks of low basis publicly traded stock using charitable remainder unitrusts.
Gary is frequently consulted by litigation lawyers regarding the tax aspects of litigation and is called up to be a tax expert in malpractice cases where an attorney failed to properly advise a client on the tax aspects of a transaction or course of conduct.
Gary received an LL.M. in Taxation, summa cum laude, from Temple University School of Law in Philadelphia, Pennsylvania and received his J.D. degree, summa cum laude, from Capitol University Law School in Columbus, Ohio, where he was notes editor for the Law Review. A summa cum laude graduate of the Ohio State University, Gary earned a B.S. in Business Administration. He also received a Griffen Foundation Scholarship and the Phi Alpha Kappa Award for the highest grade-point average in corporate finance.
How Gary Helps
- Taxation of pass-through entities
- Tax planning for mergers and acquisitions
- Like-kind exchanges for real estate holdings
- Estate and gift tax planning
- Qualified plans and tax-exempt investors
- Tax consulting and expert testimony in litigation
The Record
Credentials
Admitted to Practice
- New York
- Pennsylvania
Selected Speaking Engagements
- March 2018 Presenter “The New Federal Tax Law & Your Business” Montgomery County Development Corporation’s Business Seminar Series
- September 2015 Presenter
- May 2015 Presenter
Selected Publications
- March 2021 Co-Author
- May 2018 Quoted “Big Fox shareholder urges Rupert Murdoch to overlook his self interest and consider Comcast cash deal” The Philadelphia Inquirer
- April 2018 Quoted
- January 2018 Quoted “Why The Tax Law Might Turn Your Lenders Into Investors” GlobeSt.com
- January 2018 Quoted “A C Corp. Or A Pass-Through Entity?” GlobeSt.com
- January 2018 Quoted “The Many Unknowns In The Tax Bill’s CRE Provisions” GlobeSt.com
- December 2017 Author “Do it now! Tax reform actions that may be taken before Dec. 31” Philadelphia Business Journal
- February 2015 Quoted
Professional Activities
- Member, American Bar Association
- Member, Pennsylvania Bar Association
- Member, Philadelphia Bar Association
Education
Law School
- Temple University James E. Beasley School of Law
- Capitol University Law School
Undergraduate School
- Ohio State University
Insights
Shared Thinking
Talk With Gary
Philadelphia 215-772-7264 gedelson@mmwr.com