Stephen M. Breitstone
516-747-0300 x241
sbreitstone@meltzerlippe.com


Stephen M. Breitstone
Equity Partner of the Firm
Recognized as a leading authority on matters related to taxation, Steve also has expertise in structuring business and investment activities, including tax and estate planning for high net worth individuals and foreign investors in the United States.
Areas of Practice:
  • Tax Law
  • Business Law
  • Real Estate
  • International Law
  • Estate Planning
  • Trusts and Estates
  • Tax-Exempt Organizations
Education:
  • New York University, B.S. in Accounting
  • Benjamin N. Cardozo School of Law, Juris Doctor
  • New York University School of Law, Master of Laws in Taxation
Admitted to the New York State Bar

 

Heads Meltzer Lippe's Tax Group.

Tax and estate planning strategist.

Expertise in structuring business and investment activities.

Frequent lecturer and author of numerous published articles.

Taught tax courses as an adjunct professor at Cardozo Law School.

Steve heads the Tax Law Group at Meltzer Lippe, which represents clients in Europe, Israel, South America, Australia, and elsewhere. He does sophisticated tax and estate planning for several large New York real estate families, Wall Street investment bankers, hedge fund managers, corporate executives, and others. He has pioneered many novel and sophisticated tax planning techniques, many of which have come into widespread use.

Steve began his practice in the realm of large New York City law firms, after graduating from law school in 1982. While beginning to practice as a tax lawyer, Steve also studied for his LL.M in Taxation at New York University School of Law and taught courses as an adjunct professor in taxation at Cardozo Law School. During that period, his clientele was comprised mainly of large domestic and international institutions and public corporations. After practicing for some years in the large public corporate arena, Steve decided to reorient his practice to representing a more entrepreneurial clientele. He began to represent high net worth individual clients with real estate holdings and closely-held businesses. During the early 1990's Steve's practice evolved with the changing economic climate. He became increasingly involved in structuring and negotiating real estate workouts and joint ventures. As economic conditions improved, with the rise of the bull market and rapidly accelerating merger and acquisition activity, Steve played a key role as tax advisor in connection with Meltzer Lippe's prominent corporate practice in structuring transactions. He also played a key role in structuring the tax aspects of Meltzer Lippe's technology oriented client activities.

In recent years, Steve has lectured to the American Bar Association Tax Section on topics such as Foreign Investment in U.S. Real Estate and Income Tax and Estate Planning for leveraged real estate. He has become a leader in development of the partnership freeze, an estate planning technique that avoids many income tax pitfalls for real estate and UPREIT share owners. Most recently, Steve has worked extensively with the "cash out" Section 1031 exchange transaction and other cutting edge tax solutions for real estate.

In 2001 Steve met with Senator Max Baucus, the Chairman of the Senate Finance Committee, to lobby on behalf of the Long Island real estate industry. Steve has also testified before the U.S. House of Representatives Small Business subcommittee at hearings regarding the repeal of the estate tax.

Steve, his wife Jill, who is also a lawyer, and their children Jason and Lauren live in Melville, Long Island. Steve enjoys sailing, woodworking, politics and charitable work. He is an active member of the American Israel Public Affairs Committee ("AIPAC").

Video:

Stephen M. Breitstone: "A closing window of opportunity to leverage estate planning for large estates."

Attorney Articles:

Income and Transfer Tax Planning for Negative Capital - The Entity Freeze Solution

Carried Interest Bill - A 'Death Trap' for Real Estate Partnerships

Madoff Victims Who Paid Taxes on Scheme Seek Refunds

Tax Perils for Beneficiaries of Q-Tip Trusts

Federal Estate Tax Repeal Could Bankrupt Land owner's Estates and Heirs

IRS Expands Tax-Free Exchanges of Real Estate

Section 1031 "Like-Kind" Exchanges - use of Tenants in Common to "Pool" Capital and to Create Liquidity

Popular Estate Planning Techniques Can Cause Income Tax Horrors for Real Estate Owners

Estate Planning for Negative Capital

Reckoning with New York's Marital Right of Election