Background
Grace, Michael J. was born on January 10, 1954 in Joliet, Illinois, United States.
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- Works
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Other Work
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Author: "Passive Activities," Column, Journal of Taxation of Investments, 1991. "Proposed Regulations Clarify and Simplify Relationship Between Sections 708(b)(1)(B) and 704(c)," 13 Journal of Partnership Taxation 291 (Winter 1997). "Check-the-Box 'Top 40,'" 37 Corporate Tax and Business Planning Review S-348 (supplement to Tax Management Memorandum ) (November 25, 1996).
"Proposed 'Check-the-Box' Regulations Would Streamline But Not Eliminate Entity Classification Process," 37 Tax Management Memorandum 295 (September 30, 1996). "Recent Pass-Through Entity Developments," 3 Tax Planning for Joint Ventures, Partnerships and Other Strategic Alliances 525 (Practising Law Institute, 1996). "Final Passive Loss Regulations Explain Treatment of Rental Real Estate Owned Through Partnerships," 13 Journal of Partnership Taxation 172 (Summer 1996).
"New Final Passive ?Activity? Regulations Tighten Partial Disposition Rule," 12 Journal of Partnership Taxation 3 (Spring 1995). "Real Estate Professionals May Qualify to Deduct Passive Losses," 11 Practical Real Estate Lawyer 37 (May 1995). "IRS Broadens Applicability of Publicly Traded Partnership Rules," 83 Journal of Taxation 133 (September 1995).
"Final Anti-Abuse Regulation Expanded and Clarified, But Uncertainties Remain," 12 Journal of Partnership Taxation 91 (Summer 1995). "Partnership Anti-Abuse Rule Provokes Fury," 11 Journal of Partnership Taxation 257 (Fall 1994). "How the Passive Activity Limitations Apply to LLCs and Their Members," 1 Journal of Limited Liability Companies 99 (Winter 1994).
"Final Disguised Sale Regs. Add Clarification But Leave Some Issues Unaddressed," 10 Journal of Partnership Taxation 3 (Spring 1993). "Revised One Class of Stock Regulations Extinguish Bonfire of Controversy," 4 Journal of Taxation of S Corporations 5 (Winter 1992).
"Proposed Passive ?Activity? Regulations Substitute Rough Justice for Mechanical Tests," 77 Journal of Taxation 68 (August 1992). "Land Development, Passive Activities, and Interest Deductions: Where Are We Now?" 32 Tax Management Memorandum 263 (1991). "Self-Charged Interest Regulations Ease Consequences of Partner-Partnership Loans," 8 Journal of Partnership Taxation 203 (Fall 1991).
"Self-Charged Interest Prop. Regs. Provide Partial Relief for Owner-Entity Loans," 75 Journal of Taxation 26 (July 1991). "PAL Disposition Rule Imperfect, But Not Fatally Flawed," 51 Tax Notes 651 (May 6, 1991).
"Passive Loss Developer Rule Amendments Solve Most Problems With Lease-Up," 74 Journal of Taxation 76 (February 1991). "Passive Activity Limitations: Another Perspective on Condominium Hotels," 7 Tax Management Real Estate Journal 23 (February 6, 1991). "Amendments to IRS Regulations Cut Confusion on Passive Losses," 13 National Law Journal 16 (February 11, 1991).
"One Class of Stock Regulations Ignite Controversy," 3 Journal of Taxation of S Corporations 5 (Winter 1991). "New Amendments of Passive Loss Developer Rule: A Sensible Solution," 50 Tax Notes387 (January 28, 1991). "IRS Amends Passive Loss Developer Rule," Bender's Federal Tax Week (December 17, 1990).
"Proposals to Simplify Interest Deductions: An Admission Against Interest and Some Recommendations," 68 TAXES 737 (October 1990). Special Report, "Passive Loss Relief for Real Estate Entrepreneurs: How H.R. 3232/S. 2384 Would Provide It," 49 Tax Notes 1527 (September, 1990). "Viewpoint: The New Activity Regulations - An Exclusive Interview with Michael J. Grace," 67 TAXES 439 (July, 1989).
"Foreign Investment in United States. Real Estate: Is There Life After FIRPTA?," 34 S. Cal. Tax Inst. Ch. 12, 1982.
Adjunct Professor, "Partnership Taxation," George Mason University Graduate School of Business Administration, 1995. Co-Chairman: Prentice-Hall/Law and Business Seminar, "Passive Activity Losses: The Latest Regulations (Second Installment)," 1989. Speaker and Author: ALI-American Bar Association Advanced Course of Study, "Creative Tax Planning for Real Estate Transactions," 1989, 1990.
Speaker: "Practical Planning With 'Check the Box' Regulations," D.C. Bar Section of Taxation Pass-Through Entities and Real Estate Committee, Washington, D.C. (February 5, 1997). "Recent Developments Affecting Real Estate and Partnerships: The Washington Perspective," The Washington Conference: Real Estate Taxation, New York University, Washington, D.C. (December 9, 1996). "Passive Loss Planning Techniques," Committee on Real Estate, American Bar Association, Section of Taxation, Washington, D.C. (May 10, 1996).
Annual Conference on Federal Taxation of Real Estate Transactions, New York University, 1988-1990, 1995, 1996. Annual Partnership, LLC and S Corporation Tax Planning Forum, 1991, 1992, 1996. ALI-American Bar Association/AICPA Tax Practitioners Technical Round Table, 1987-1989.
Michael J. Grace
Edit ProfileEducation
University of Illinois at Urbana-Champaign (Bachelor of Science, highest honors, 1976) Beta Gamma Sigma, Phi Kappa Phi, Beta Alpha Psi, Phi Eta Sigma, Bronze Tablet Scholar, Edmund J. James Scholar. University of Michigan Law School (Juris Doctor, 1981).
Career
Worked at Ginsburg, Feldman and Bress, Chartered (Washington, District of Columbia) specializing in Taxation Law, Business and Succession Planning. Admitted to the bar, 1981, California. 1982, United States. Tax Court.
1983, Illinois.
1992, District of Columbia. Journal of Law Reform, Case Club Junior Clerk, 1981. American Jurisprudence Award (Debtors Reorganization).
Certified Public Accountant, Illinois, 1976.
Senior Attorney-Advisor, Office of Chief Counsel, Internal Revenue Service National Office, 1985-1990. Special Acting Awards (1987-1988).
Sustained Superior Performance Award, 1989. Author: "Passive Activities," Column, Journal of Taxation of Investments, 1991.
"Proposed Regulations Clarify and Simplify Relationship Between Sections 708(b)(1)(B) and 704(c)," 13 Journal of Partnership Taxation 291 (Winter 1997).
"Check-the-Box "Top 40,"" 37 Corporate Tax and Business Planning Review South-348 (supplement to Tax Management Memorandum ) (November 25, 1996). "Proposed "Check-the-Box" Regulations Would Streamline But Not Eliminate Entity Classification Process," 37 Tax Management Memorandum 295 (September 30, 1996). "Recent Pass-Through Entity Developments," 3 Tax Planning for Joint Ventures, Partnerships and Other Strategic Alliances 525 (Practising Law Institute, 1996).
"Final Passive Loss Regulations Explain Treatment of Rental Real Estate Owned Through Partnerships," 13 Journal of Partnership Taxation 172 (Summer 1996).
"New Final Passive Activity Regulations Tighten Partial Disposition Rule," 12 Journal of Partnership Taxation 3 (Spring 1995). "Real Estate Professionals May Qualify to Deduct Passive Losses," 11 Practical Real Estate Lawyer 37 (May 1995).
"Internal Revenue Service Broadens Applicability of Publicly Traded Partnership Rules," 83 Journal of Taxation 133 (September 1995). "Final Anti-Abuse Regulation Expanded and Clarified, But Uncertainties Remain," 12 Journal of Partnership Taxation 91 (Summer 1995).
"Partnership Anti-Abuse Rule Provokes Fury," 11 Journal of Partnership Taxation 257 (Fall 1994).
"How the Passive Activity Limitations Apply to LLCs and Their Members," 1 Journal of Limited Liability Companies 99 (Winter 1994). "Final Disguised Sale Regs. Add Clarification But Leave Some Issues Unaddressed," 10 Journal of Partnership Taxation 3 (Spring 1993).
"Revised One Class of Stock Regulations Extinguish Bonfire of Controversy," 4 Journal of Taxation of South Corporations 5 (Winter 1992).
"Proposed Passive Activity Regulations Substitute Rough Justice for Mechanical Tests," 77 Journal of Taxation 68 (August 1992). "Land Development, Passive Activities, and Interest Deductions: Where Are We Now?" 32 Tax Management Memorandum 263 (1991).
"Self-Charged Interest Regulations Ease Consequences of Partner-Partnership Loans," 8 Journal of Partnership Taxation 203 (Fall 1991). "Self-Charged Interest Propagation
Regs. Provide Partial Relief for Owner-Entity Loans," 75 Journal of Taxation 26 (July 1991).
"North American Palladium Ltd Disposition Rule Imperfect, But Not Fatally Flawed," 51 Tax Notes 651 (May 6, 1991). "Passive Loss Developer Rule Amendments Solve Most Problems With Lease-Up," 74 Journal of Taxation 76 (February 1991). "Passive Activity Limitations: Another Perspective on Condominium Hotels," 7 Tax Management Real Estate Journal 23 (February 6, 1991).
"Amendments to Internal Revenue Service Regulations Cut Confusion on Passive Losses," 13 National Law Journal 16 (February 11, 1991).
"One Class of Stock Regulations Ignite Controversy," 3 Journal of Taxation of South Corporations 5 (Winter 1991). "New Amendments of Passive Loss Developer Rule: A Sensible Solution," 50 Tax Notes387 (January 28, 1991).
"Internal Revenue Service Amends Passive Loss Developer Rule," Bender"s Federal Tax Week (December 17, 1990). "Proposals to Simplify Interest Deductions: An Admission Against Interest and Some Recommendations," 68 TAXES 737 (October 1990).
Special Report, "Passive Loss Relief for Real Estate Entrepreneurs: How Hassaram Rijhumal 3232/South. 2384 Would Provide lieutenant," 49 Tax Notes 1527 (September, 1990).
"Viewpoint: The New Activity Regulations - An Exclusive Interview with Michael J. Grace," 67 TAXES 439 (July, 1989). "Foreign Investment in United States. Real Estate: Is There Life After FIRPTA?," 34 South. California
Tax Institute.
Church 12, 1982. Adjunct Professor, "Partnership Taxation," George Mason University Graduate School of Business Administration, 1995. Company-Chairman: Prentice-Hall/Law and Business Seminar, "Passive Activity Losses: The Latest Regulations (Second Installment)," 1989.
Speaker and Author: American Language Institute -American Bar Association Advanced Course of Study, "Creative Tax Planning for Real Estate Transactions," 1989, 1990. Speaker: "Practical Planning With "Check the Box" Regulations," District of Columbia Bar Section of Taxation Pass-Through Entities and Real Estate Committee, Washington, District of Columbia (February 5, 1997).
"Recent Developments Affecting Real Estate and Partnerships: The Washington Perspective," The Washington Conference: Real Estate Taxation, New York University, Washington, District of Columbia (December 9, 1996).
"Passive Loss Planning Techniques," Committee on Real Estate, American Bar Association, Section of Taxation, Washington, District of Columbia (May 10, 1996). Annual Conference on Federal Taxation of Real Estate Transactions, New York University, 1988-1990, 1995, 1996. Annual Partnership, Limited Liability Company and South Corporation Tax Planning Forum, 1991, 1992, 1996.
American Language Institute -American Bar Association/American Institute of Certified Public Accountants Tax Practitioners Technical Round Table, 1987-1989.
Member, Board of Advisors and Contributors, Journal of Partnership Taxation and Journal of Taxation of Investments. Member, Advisory Board on United States.
Income, Tax Management, Incorporated. Member: The District of Columbia Bar.
State Bar of California.
Illinois State and American (Section of Taxation, Committee on Real Estate) Bar Associations.
Achievements
Works
Other Work
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Author: "Passive Activities," Column, Journal of Taxation of Investments, 1991. "Proposed Regulations Clarify and Simplify Relationship Between Sections 708(b)(1)(B) and 704(c)," 13 Journal of Partnership Taxation 291 (Winter 1997). "Check-the-Box 'Top 40,'" 37 Corporate Tax and Business Planning Review S-348 (supplement to Tax Management Memorandum ) (November 25, 1996).
"Proposed 'Check-the-Box' Regulations Would Streamline But Not Eliminate Entity Classification Process," 37 Tax Management Memorandum 295 (September 30, 1996). "Recent Pass-Through Entity Developments," 3 Tax Planning for Joint Ventures, Partnerships and Other Strategic Alliances 525 (Practising Law Institute, 1996). "Final Passive Loss Regulations Explain Treatment of Rental Real Estate Owned Through Partnerships," 13 Journal of Partnership Taxation 172 (Summer 1996).
"New Final Passive ?Activity? Regulations Tighten Partial Disposition Rule," 12 Journal of Partnership Taxation 3 (Spring 1995). "Real Estate Professionals May Qualify to Deduct Passive Losses," 11 Practical Real Estate Lawyer 37 (May 1995). "IRS Broadens Applicability of Publicly Traded Partnership Rules," 83 Journal of Taxation 133 (September 1995).
"Final Anti-Abuse Regulation Expanded and Clarified, But Uncertainties Remain," 12 Journal of Partnership Taxation 91 (Summer 1995). "Partnership Anti-Abuse Rule Provokes Fury," 11 Journal of Partnership Taxation 257 (Fall 1994). "How the Passive Activity Limitations Apply to LLCs and Their Members," 1 Journal of Limited Liability Companies 99 (Winter 1994).
"Final Disguised Sale Regs. Add Clarification But Leave Some Issues Unaddressed," 10 Journal of Partnership Taxation 3 (Spring 1993). "Revised One Class of Stock Regulations Extinguish Bonfire of Controversy," 4 Journal of Taxation of S Corporations 5 (Winter 1992).
"Proposed Passive ?Activity? Regulations Substitute Rough Justice for Mechanical Tests," 77 Journal of Taxation 68 (August 1992). "Land Development, Passive Activities, and Interest Deductions: Where Are We Now?" 32 Tax Management Memorandum 263 (1991). "Self-Charged Interest Regulations Ease Consequences of Partner-Partnership Loans," 8 Journal of Partnership Taxation 203 (Fall 1991).
"Self-Charged Interest Prop. Regs. Provide Partial Relief for Owner-Entity Loans," 75 Journal of Taxation 26 (July 1991). "PAL Disposition Rule Imperfect, But Not Fatally Flawed," 51 Tax Notes 651 (May 6, 1991).
"Passive Loss Developer Rule Amendments Solve Most Problems With Lease-Up," 74 Journal of Taxation 76 (February 1991). "Passive Activity Limitations: Another Perspective on Condominium Hotels," 7 Tax Management Real Estate Journal 23 (February 6, 1991). "Amendments to IRS Regulations Cut Confusion on Passive Losses," 13 National Law Journal 16 (February 11, 1991).
"One Class of Stock Regulations Ignite Controversy," 3 Journal of Taxation of S Corporations 5 (Winter 1991). "New Amendments of Passive Loss Developer Rule: A Sensible Solution," 50 Tax Notes387 (January 28, 1991). "IRS Amends Passive Loss Developer Rule," Bender's Federal Tax Week (December 17, 1990).
"Proposals to Simplify Interest Deductions: An Admission Against Interest and Some Recommendations," 68 TAXES 737 (October 1990). Special Report, "Passive Loss Relief for Real Estate Entrepreneurs: How H.R. 3232/S. 2384 Would Provide It," 49 Tax Notes 1527 (September, 1990). "Viewpoint: The New Activity Regulations - An Exclusive Interview with Michael J. Grace," 67 TAXES 439 (July, 1989).
"Foreign Investment in United States. Real Estate: Is There Life After FIRPTA?," 34 S. Cal. Tax Inst. Ch. 12, 1982.
Adjunct Professor, "Partnership Taxation," George Mason University Graduate School of Business Administration, 1995. Co-Chairman: Prentice-Hall/Law and Business Seminar, "Passive Activity Losses: The Latest Regulations (Second Installment)," 1989. Speaker and Author: ALI-American Bar Association Advanced Course of Study, "Creative Tax Planning for Real Estate Transactions," 1989, 1990.
Speaker: "Practical Planning With 'Check the Box' Regulations," D.C. Bar Section of Taxation Pass-Through Entities and Real Estate Committee, Washington, D.C. (February 5, 1997). "Recent Developments Affecting Real Estate and Partnerships: The Washington Perspective," The Washington Conference: Real Estate Taxation, New York University, Washington, D.C. (December 9, 1996). "Passive Loss Planning Techniques," Committee on Real Estate, American Bar Association, Section of Taxation, Washington, D.C. (May 10, 1996).
Annual Conference on Federal Taxation of Real Estate Transactions, New York University, 1988-1990, 1995, 1996. Annual Partnership, LLC and S Corporation Tax Planning Forum, 1991, 1992, 1996. ALI-American Bar Association/AICPA Tax Practitioners Technical Round Table, 1987-1989.
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Membership
Member, Board of Advisors and Contributors, Journal of Partnership Taxation and Journal of Taxation of Investments. Member, Advisory Board on United States. Income, Tax Management, Incorporated.
Member: The District of Columbia Bar.
State Bar of California. Illinois State and American (Section of Taxation, Committee on Real Estate) Bar Associations.
