Harvey N. Shapiro, partner, is an experienced tax lawyer and family business counselor. His practice emphasizes business and tax counseling, succession and estate planning. He has experience in many technical tax areas such as taxation of S corporations, partnerships, limited liability companies, real estate activities, and nonprofit entities. Harvey has substantial experience representing family businesses through intergenerational transitions. Throughout his career, he has successfully formed and advised family limited partnerships in various matters including management of wealth. He has lectured extensively on family limited partnerships, succession planning and estate planning, and philanthropic opportunities. His decades-long relationship with many of his clients is due in part to his focus on prudent and tax efficient asset management and protection for them, their businesses and future generations. Harvey likes to say “solved problems have easy solutions.”
Areas of Practice
Harvey sits on a number of boards in southern New Jersey, including the Jewish Federation of Southern New Jersey, of which he is a past president, the Jewish Community Foundation, of which he is counsel and a past president, and the Raymond and Gertrude Saltzman Foundation, of which he is president. He has received the “AV®” peer review rating from Martindale-Hubbell.
Previously, Harvey was an attorney with the Office of Chief Counsel, Internal Revenue Service, Washington, D.C., and Cleveland, Ohio and a partner at a number of prominent law firms.
Harvey is a graduate of the Wharton School of the University of Pennsylvania (B.S. 1962), the University of Pennsylvania Law School (LL.B., cum laude, 1965), and Case Western Reserve University (LL.M. 1971). When not practicing, Harvey enjoys pinochle and reading.
A common question for a new business is what type of business entity should be used to conduct the business and if possibly to be undertaken by an existing business entity if that entity should be used or if it is advantageous and economical (or even required) to form a new entity. While a major factor in that determination is the tax cost, it is not the only factor. Also, the issue of ownership of a new entity (e.g. by individuals, trusts, other entities, etc.) offers significant opportunities.
Multi-generational families often have multiple enterprises and own multiple asset classes. How most tax efficiently those activities are located and eventually how most advantageously they are passed to future generations is a recurring challenge which can have extremely beneficial (or unhappy) consequences.
“Key Income Tax Provisions in the CARES Act,” Co-author, Hyland Levin Shapiro LLP eAlert, April 2020
Case Western Reserve University (LL.M. 1971)
University of Pennsylvania Law School (LL.B., cum laude, 1965)
Wharton School of the University of Pennsylvania (B.S. 1962)
- New Jersey
- Pennsylvania (inactive status)