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, in 1979 from Temple University School of Law in Philadelphia, Pennsylvania and received his J.D. degree, summa cum laude, in 1976 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 in 1973. He also received a Griffen Foundation Scholarship and the Phi Alpha Kappa Award for the highest grade-point average in corporate finance.
Employee Benefits and Executive Compensation
Trusts and Estates
Business Succession Planning
- Presenter, “The New Federal Tax Law & Your Business,” Montgomery County Development Corporation’s Business Seminar Series, March 6, 2018
- Presenter, “2015 Tax Law Update Series: Staying in Compliance with Employee Benefits, Foreign Assets and Investments,” Montgomery McCracken, September 21, 2015
- Presenter, “2015 Tax Law Update Series: S Corporations – Nine Topics You Need to Know,” Montgomery McCracken, May 18, 2015
- Co-author, “Important COBRA Changes in the American Rescue Plan Act of 2021,” March 2021
- Quoted in, “Big Fox shareholder urges Rupert Murdoch to overlook his self interest and consider Comcast cash deal,” The Philadelphia Inquirer, May 25, 2018
- Quoted in, “CRE Questions Unanswered In Treasury Guidance On New Business Interest Deduction Limit,” GlobeSt.com, April 11, 2018
- Quoted in, “Why The Tax Law Might Turn Your Lenders Into Investors,” GlobeSt.com, January 29, 2018
- Quoted in, “A C Corp. Or A Pass-Through Entity?” GlobeSt.com, January 23, 2018
- Quoted in, “The Many Unknowns In The Tax Bill’s CRE Provisions,” GlobeSt.com, January 2, 2018
- Author, “Do it now! Tax reform actions that may be taken before Dec. 31,” Philadelphia Business Journal, December 18, 2017
- Quoted in, “Tax returns need full disclosure on health coverage,” Newsday, February 1, 2015
- American Bar Association
- Pennsylvania Bar Association
- Philadelphia Bar Association
- Temple University James E. Beasley School of Law|Capitol University Law School
- Ohio State University
Important COBRA Changes in the American Rescue Plan Act of 2021
The American Rescue Plan Act of 2021 (“ARPA”), among other things, subsidizes COBRA health insurance premiums for laid off workers for the period beginning April 1, 2021 through September 30, […]
Montgomery McCracken Advises ClimeCo in Growth Equity Financing
Montgomery McCracken is pleased to announce its successful representation of ClimeCo, LLC, an advisor, transaction facilitator, and trader of environmental commodity market products, in its sale of a minority equity […]
Big Fox shareholder urges Rupert Murdoch to overlook his self interest and consider Comcast cash deal
Warning of conflicts of interest within the Murdoch family, a U.K. hedge fund with $5.3 billion in 21st Century Fox stock told 87-year-old Rupert Murdoch to disregard huge personal tax […]
CRE Questions Unanswered In Treasury Guidance On New Business Interest Deduction Limit
The notice does provide some helpful guidance to C Corporations but there are still unanswered questions about commercial real estate investment. […] These are helpful to C Corporations, Montgomery McCracken Senior […]