Norman Lencz focuses his practice on a broad range of international, federal, state and local tax matters. He advises clients on tax issues relating to corporations, partnerships, limited liability companies, joint ventures, REITs and RICs; tax-free and taxable mergers, acquisitions and spin-offs; compensation planning; installment sales and like-kind exchanges; and real estate development and investment. Norman’s practice encompasses all aspects of both tax planning and tax controversy matters. He combines innovative thinking, a deep knowledge base and broad experience to provide creative solutions to the tax issues facing his clients.
Norman is an adjunct professor at the Graduate Tax LL.M. Program of Georgetown University Law Center, where he teaches an advanced course called 'Tax Planning for Real Estate Transactions.' The course examines the effect of federal income taxes on the real estate market and real estate transactions; sales (including installment sales) and like-kind exchanges of real estate; choice-of-entity (including partnerships, LLCs, S corporations and REITs) for the ownership and development of real estate; landlord/tenant tax issues; the tax impact of creative financing techniques, such as the sale-leaseback; basis (including at-risk) and basis adjustments; passive activity loss limitations; and the tax consequences of foreclosures, bankruptcies, and debt work-outs.