
Partner
Hartford
Email: mfiner@murthalaw.com
Phone: 860-240-6096
Fax: 860-240-5896
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Bar & Court Admissions
- Massachusetts
- U.S. Tax Court
- Connecticut
- New York
- New Jersey
Education
- New York University School of Law (LL.M. in Taxation, 1998)
- Hofstra University (J.D., 1994)
- Binghamton University (B.S., 1991)
Marc T. Finer
Marc T. Finer, a Murtha Cullina partner, is an accomplished tax lawyer who chairs the firm’s Tax Practice Group and its Pro Bono Committee.
Marc applies more than 25 years of experience in federal, multistate and business tax planning to deliver innovative solutions to closely held businesses, corporations, partnerships, limited liability companies, real estate and investment entities, tax-exempt organizations, entrepreneurs, individuals and families. He regularly advises clients on:
• Federal, state and local income, compliance and reporting tax issues
• Business and asset acquisitions and sales
• Joint ventures, mergers, reorganizations and divestitures
• Real estate purchases and sales
• Entity formations and liquidations
• Insurance and financial products
• Tax controversies
An integral part of Marc’s practice includes advising real estate professionals and investors on structuring tax-deferred exchanges under IRC Section 1031; minimizing the impact of net investment income taxes and real estate/controlling interest transfer taxes; identifying real estate dealer versus investor issues; and planning capital gains strategies. He regularly advocates for clients in U.S. Tax Court against the Internal Revenue Service and represents their positions before state and local taxing authorities.
As a natural extension of his tax practice, Marc assists business clients with general corporate and management matters that encompass business formation; governance; contract negotiations; and shareholder, partnership, employment, deferred compensation and buy-sell agreements.
Marc, who joined Murtha in 2018, draws on his accounting and legal degrees, Big 4 accounting firm experience, and work in the diversified tax practices of leading law firms to provide a comprehensive understanding of the complex tax and business issues facing his clients. Known for developing creative, common-sense solutions to difficult tax problems, he frequently speaks and authors articles on timely topics, and is a sought-after source for national media such as the Bloomberg Daily Tax Report.
When not practicing tax law, Marc enjoys spending time with his wife and two daughters, watching sports, and spending time outdoors skiing, fishing and hiking.
Representative Matters Include:
- Advised client on the tax rules relating to partnership divisions, sales and redemptions of limited liability company membership interests to increase inside tax basis of building owned by limited liability company to eliminate $130 million gain from cancellation of indebtedness triggered by foreclosure.
- Devised plan to effect tax-free split-up of $20 million real estate portfolio jointly held by two family members through a tax-free reogranization and split-up of corporate entity and merger of limited liability companies.
- Advised client on strategy to defer recognition of capital gain on sale of $100 million building through an IRC Section 1031 like-kind exchange.
- Restructured $50 million investment portfolio by creating tracking partnership to segregate family assets into different classes and provide for separate investments in the classes by various family members and trusts.
- American Bar Association
- Connecticut Bar Association, Pro Bono Committee
- Connecticut Bar Foundation, James W. Cooper Life Fellow
Authored "IRS Proposed Regulations Take the Bite Out of State Workarounds of SALT Deduction Cap", Bloomberg BNA (September 2018)
Authored "Connecticut's 'Kill Quill' Bet Seems To Pay Off", Law 360 (July 2018)
Authored "Key federal income tax considerations for real estate owners", New England Real Estate Journal (June 2018)
Authored "IRS Refuses to Acquiesce to ‘Estate Of Bartell' Decision on Non-Safe Harbor Reverse Like-Kind Exchanges", Bloomberg BNA (January 2018)
Co-Authored "Understanding Connecticut's Income Tax On Stock Options", Law 360 (February 2017)
Authored "Tax Court Holds Benefits and Burdens Test Does Not Apply to Non-Safe Harbor Reverse Section 1031 Exchange", GlobeSt.com (September 2016)
Co-Authored "Recourse or Non-Recourse? The Limited Scope of Partnership Liability Regs", LexisNexis Tax Law Newsroom (March 2016)
Co-Authored "Tax Risks Challenge Small Captive Insurers", LexisNexis Tax Law Newsroom (March 2016)
Co-Authored "When Surrender Leads to Success" (Private placement life insurance offers high net worth clients many tax benefits but they have to give up control of the assets in the account), Investment Advisor Magazine (December 2015)
Co-Authored "Taxpayers Wynnes: A Recent US Supreme Court Decision May Provide Refund Opportunity for New York City Residents", LexisNexis Tax Law Newsroom (July 2015)
Co-Authored “Like-Kind Exchange Can Help Foreign Investors Reach Goals”, Estate Planning Journal (July 2014)
- July 1, 2020 - Murtha Cullina LLP Successfully Represents Savant Systems, Inc. in Multifaceted Acquisition of GE Lighting
- May 7, 2019 - Murtha Cullina LLP Attorney Marc T. Finer Named James W. Cooper Life Fellow of the Connecticut Bar Foundation
- August 9, 2018 - Marc T. Finer Appointed Chair of Murtha Cullina LLP Pro Bono Committee
- January 23, 2018 - Two Partners Join Business and Finance Department
- November 10, 2020 - Bloomberg Daily Tax Report: SALT Cap Workarounds May Catch On in More States After IRS OK
- August 11, 2020 - Bloomberg Daily Tax Report: SALT Cap Pass-Through Workaround Holds Up After New IRS Rules
- July 15, 2020 - Bloomberg Daily Tax Report: Connecticut Issues Guidance on Tax Implications of Pandemic Relief
- March 24, 2020 - Tax Group and Labor & Employment Group News: IRS and DOL Preview How Employers Can Recoup Costs of Providing Paid Leave to Employees for Coronavirus-Related Absences
- September 6, 2019 - Bloomberg Daily Tax Report: Legislative Changes Affecting Connecticut Pass-Through Entity Tax
- August 6, 2019 - Bloomberg Daily Tax Report: IRS Pushback on SALT Workarounds Worries Connecticut Tax Pros
- February 15, 2019 - Tax Law360: Take Care Defining Health Services Under IRC Section 199A
- December 10, 2018 - Bloomberg Daily Tax Report: IRS Issues Eagerly Awaited Guidance on Qualified Opportunity Zones While States Decide Whether to Conform
- October 22, 2018 - Connecticut Law Tribune: The Good Fight: Meet Connecticut's Pro Bono Champs
- September 25, 2018 - Bloomberg Daily Tax Report: IRS Proposed Regulations Take the Bite Out of State Workarounds of SALT Deduction Cap
- July 26, 2018 - Tax Law360: Connecticut's 'Kill Quill' Bet Seems To Pay Off
- June 8, 2018 - New England Real Estate Journal: Key Federal Income Tax Considerations for Real Estate Owners
- January 25, 2018 - Bloomberg Daily Tax Report: IRS Refuses to Acquiesce to ‘Estate Of Bartell" Decision on Non-Safe Harbor Reverse Like-Kind Exchanges
- April 15, 2021 - Marc Finer Presenting At Connecticut Bar Association Webinar On Getting Involved With Pro Bono Projects
- January 26, 2021 - Marc Finer Participating on Tax Update Panel for Greater Manchester Chamber of Commerce
- January 14, 2021 - Marc Finer Participating on Tax Update Panel for Connecticut River Valley Chamber of Commerce
- January 13, 2021 - Marc Finer Participating on Tax Update Panel for South Windsor Chamber of Commerce
- January 7, 2021 - Marc Finer Participating on Tax Update Panel for Greater New Haven Chamber of Commerce
- December 8, 2020 - Marc Finer Participating on Tax Update Panel for Estate and Business Planning Council of Hartford
Marc T. Finer, a Murtha Cullina partner, is an accomplished tax lawyer who chairs the firm’s Tax Practice Group and its Pro Bono Committee.
Marc applies more than 25 years of experience in federal, multistate and business tax planning to deliver innovative solutions to closely held businesses, corporations, partnerships, limited liability companies, real estate and investment entities, tax-exempt organizations, entrepreneurs, individuals and families. He regularly advises clients on:
• Federal, state and local income, compliance and reporting tax issues
• Business and asset acquisitions and sales
• Joint ventures, mergers, reorganizations and divestitures
• Real estate purchases and sales
• Entity formations and liquidations
• Insurance and financial products
• Tax controversies
An integral part of Marc’s practice includes advising real estate professionals and investors on structuring tax-deferred exchanges under IRC Section 1031; minimizing the impact of net investment income taxes and real estate/controlling interest transfer taxes; identifying real estate dealer versus investor issues; and planning capital gains strategies. He regularly advocates for clients in U.S. Tax Court against the Internal Revenue Service and represents their positions before state and local taxing authorities.
As a natural extension of his tax practice, Marc assists business clients with general corporate and management matters that encompass business formation; governance; contract negotiations; and shareholder, partnership, employment, deferred compensation and buy-sell agreements.
Marc, who joined Murtha in 2018, draws on his accounting and legal degrees, Big 4 accounting firm experience, and work in the diversified tax practices of leading law firms to provide a comprehensive understanding of the complex tax and business issues facing his clients. Known for developing creative, common-sense solutions to difficult tax problems, he frequently speaks and authors articles on timely topics, and is a sought-after source for national media such as the Bloomberg Daily Tax Report.
When not practicing tax law, Marc enjoys spending time with his wife and two daughters, watching sports, and spending time outdoors skiing, fishing and hiking.
Representative Matters Include:
- Advised client on the tax rules relating to partnership divisions, sales and redemptions of limited liability company membership interests to increase inside tax basis of building owned by limited liability company to eliminate $130 million gain from cancellation of indebtedness triggered by foreclosure.
- Devised plan to effect tax-free split-up of $20 million real estate portfolio jointly held by two family members through a tax-free reogranization and split-up of corporate entity and merger of limited liability companies.
- Advised client on strategy to defer recognition of capital gain on sale of $100 million building through an IRC Section 1031 like-kind exchange.
- Restructured $50 million investment portfolio by creating tracking partnership to segregate family assets into different classes and provide for separate investments in the classes by various family members and trusts.
- American Bar Association
- Connecticut Bar Association, Pro Bono Committee
- Connecticut Bar Foundation, James W. Cooper Life Fellow
Authored "IRS Proposed Regulations Take the Bite Out of State Workarounds of SALT Deduction Cap", Bloomberg BNA (September 2018)
Authored "Connecticut's 'Kill Quill' Bet Seems To Pay Off", Law 360 (July 2018)
Authored "Key federal income tax considerations for real estate owners", New England Real Estate Journal (June 2018)
Authored "IRS Refuses to Acquiesce to ‘Estate Of Bartell' Decision on Non-Safe Harbor Reverse Like-Kind Exchanges", Bloomberg BNA (January 2018)
Co-Authored "Understanding Connecticut's Income Tax On Stock Options", Law 360 (February 2017)
Authored "Tax Court Holds Benefits and Burdens Test Does Not Apply to Non-Safe Harbor Reverse Section 1031 Exchange", GlobeSt.com (September 2016)
Co-Authored "Recourse or Non-Recourse? The Limited Scope of Partnership Liability Regs", LexisNexis Tax Law Newsroom (March 2016)
Co-Authored "Tax Risks Challenge Small Captive Insurers", LexisNexis Tax Law Newsroom (March 2016)
Co-Authored "When Surrender Leads to Success" (Private placement life insurance offers high net worth clients many tax benefits but they have to give up control of the assets in the account), Investment Advisor Magazine (December 2015)
Co-Authored "Taxpayers Wynnes: A Recent US Supreme Court Decision May Provide Refund Opportunity for New York City Residents", LexisNexis Tax Law Newsroom (July 2015)
Co-Authored “Like-Kind Exchange Can Help Foreign Investors Reach Goals”, Estate Planning Journal (July 2014)
- July 1, 2020 - Murtha Cullina LLP Successfully Represents Savant Systems, Inc. in Multifaceted Acquisition of GE Lighting
- May 7, 2019 - Murtha Cullina LLP Attorney Marc T. Finer Named James W. Cooper Life Fellow of the Connecticut Bar Foundation
- August 9, 2018 - Marc T. Finer Appointed Chair of Murtha Cullina LLP Pro Bono Committee
- January 23, 2018 - Two Partners Join Business and Finance Department
- April 6, 2022 - Tax Group News: New IRS Form 1099-K Rules May Create Tax Reporting Complications For Online Businesses And Gig Workers
- March 9, 2022 - Tax Group News: Short-Term Rentals Can Lead to Unexpected Tax Consequences
- January 18, 2022 - Tax Group News: U.S. Treasury Targets Money Laundering, Terrorism And Tax Fraud With Proposed Beneficial Ownership Rules
- December 7, 2021 - Tax Group News: IRS Provides Additional Guidance on Tax Treatment of Paycheck Protection Program Loan Forgiveness
- November 4, 2021 - Tax Group News: Connecticut Tax Amnesty Program Begins
- October 18, 2021 - Tax Group News: Massachusetts Enacts Pass-Through Entity Tax
- August 25, 2021 - Tax Group News: IRS Issues Employee Retention Credit Guidance for Third and Fourth Quarters of 2021
- July 21, 2021 - Tax Group News: Connecticut Budget Includes Several Tax Law Changes
- April 26, 2021 - Tax Group News: IRS Provides Guidance on Tax Credits for COVID-19 Vaccination Paid Time Off
- April 20, 2021 - Tax Group News: IRS Provides Guidance on Temporary 100% Business Meal Deduction
- March 17, 2021 - Tax Group News: A Summary of the Key Individual and Business Tax Provisions of the American Rescue Plan Act
- March 8, 2021 - Tax Group News: Connecticut Enacts State Tax Relief For Resident Commuters
- February 24, 2021 - Tax and Business Groups News: Biden Temporarily Limits Paycheck Protection Program Loan Access To Reach Smaller And Minority Businesses
- December 31, 2020 - Tax and Business Groups News: A Summary of the Key Individual and Business Tax Provisions of the Federal Coronavirus Stimulus Package
- November 23, 2020 - Tax and Business Groups News: IRS Denies Deduction of Qualifying PPP Loan Expenses If Taxpayer Reasonably Expects Loan Forgiveness
- November 19, 2020 - Tax Group News: IRS Provides Certainty Regarding Deductibility of Connecticut Pass-Through Entity Tax Payments
- November 18, 2020 - Tax and Business Groups News: Connecticut Announces Small Business/Nonprofit Grant Program
- October 15, 2020 - Tax Group News: IRS Updates Guidance on Business Meal and Entertainment Deductions
- October 8, 2020 - Tax and Business Group News: SBA Provides Guidance To PPP Loan Borrowers Engaging in M&A Transactions
- July 29, 2020 - Tax Group News: Massachusetts Department of Revenue Issues Guidance in Response to CARES Act Tax Relief Provisions
- June 23, 2020 - Tax and Business Groups News: New PPP Forgiveness Applications and Interim Rule Released
- June 5, 2020 - Tax and Business Groups News: Congress Passes Bill to Provide Further Flexibility to PPP Borrowers
- May 14, 2020 - Tax and Business Groups News: Treasury/SBA Extend “Safe Harbor” Period to May 18, 2020
- May 13, 2020 - Tax and Business Groups News: Treasury/SBA Announce Added Protections for Borrowers Who Make Good-Faith “Economic Necessity” Certification under the Paycheck Protection Program
- May 7, 2020 - Tax and Business Groups News: Treasury/SBA Extends “Safe Harbor” to May 14, 2020 for Return of PPP Loan Proceeds
- May 6, 2020 - Tax and Business Groups News: PPP Loan Forgiveness - “What if I Offer to Rehire an Employee and They Reject My Offer”?
- May 4, 2020 - Business and Tax Groups Webinar Recording: Update on Tax Relief, PPP Loans, and Other Economic Assistance Programs During COVID-19
- April 24, 2020 - Summary of CARES Act Alerts
- April 21, 2020 - Tax & Business Groups News: Overview of the Main Street Lending Programs Under the CARES Act
- April 16, 2020 - Tax and Trust & Estates Group News: Third Time's A Charm: IRS and Connecticut Extend Due Dates for Filing Returns and Paying Taxes for Nearly All Taxpayers
- April 13, 2020 - Tax Group News: The CARES Act: A Summary Of The Federal Tax Relief Provisions
- April 9, 2020 - Tax and Business Group News: *UPDATED* CARES Act - Understanding the Requirements and Benefits of the Obtaining Paycheck Protection Program Loans
- March 23, 2020 - Tax Group News: IRS Expands April 15 Federal Tax Filing and Payment Relief - Connecticut, New York and Massachusetts To Follow IRS Lead
- March 19, 2020 - Tax Group News: IRS Issues Formal Guidance on Postponement of 2019 Income Tax Payments and First Quarter 2020 Estimated Tax Payments
- March 18, 2020 - Tax Group News: IRS Delays April 15 Tax Payment Deadline By 90 Days
- March 16, 2020 - Tax Group News: Connecticut Extends Tax Filing Deadlines for Certain Businesses and May Offer Additional Extensions
- March 5, 2020 - Tax Group News: IRS Issues Favorable Taxpayer Guidance on Business Meal Deduction
- December 2, 2019 - Tax Group News: IRS Final Regulations Eliminate “Bottom Dollar” Guarantees
- June 13, 2019 - Tax Group News: Connecticut Budget Bill Has Significant Surprises and Changes to Tax Laws
- June 6, 2019 - Tax Group News: Round - IRS Issues Additional Qualified Opportunity Zone Regulations
- February 28, 2019 - Tax Group News: IRS Issues Final Guidance on 20% Pass-Through Entity Deduction
- January 3, 2019 - Tax Group News: IRS Issues Initial Guidance on Deferral Option for Qualified Equity Grants
- October 23, 2018 - Tax Group News: IRS Issues Favorable Taxpayer Guidance on Business Meal Deduction
- August 20, 2018 - Tax Group News: IRS Issues Much Needed Guidance on 20% Pass-Through Deduction
- June 14, 2018 - Tax Group News: Connecticut Department of Revenue Services Issues Further Guidance on Connecticut Pass-Through Entity Tax
- May 16, 2018 - Tax Group News: Legislative Changes to the Connecticut Income Tax
- April 25, 2018 - Tax Group News: Compliance with New Partnership Audit Rules May Require Amendments to Partnership/LLC Agreements
- February 13, 2018 - Health Care Group News: How Physicians Can Plan For The New 20% Deduction For Qualified Business Income From Pass Through Entities
- November 10, 2020 - Bloomberg Daily Tax Report: SALT Cap Workarounds May Catch On in More States After IRS OK
- August 11, 2020 - Bloomberg Daily Tax Report: SALT Cap Pass-Through Workaround Holds Up After New IRS Rules
- July 15, 2020 - Bloomberg Daily Tax Report: Connecticut Issues Guidance on Tax Implications of Pandemic Relief
- March 24, 2020 - Tax Group and Labor & Employment Group News: IRS and DOL Preview How Employers Can Recoup Costs of Providing Paid Leave to Employees for Coronavirus-Related Absences
- September 6, 2019 - Bloomberg Daily Tax Report: Legislative Changes Affecting Connecticut Pass-Through Entity Tax
- August 6, 2019 - Bloomberg Daily Tax Report: IRS Pushback on SALT Workarounds Worries Connecticut Tax Pros
- February 15, 2019 - Tax Law360: Take Care Defining Health Services Under IRC Section 199A
- December 10, 2018 - Bloomberg Daily Tax Report: IRS Issues Eagerly Awaited Guidance on Qualified Opportunity Zones While States Decide Whether to Conform
- October 22, 2018 - Connecticut Law Tribune: The Good Fight: Meet Connecticut's Pro Bono Champs
- September 25, 2018 - Bloomberg Daily Tax Report: IRS Proposed Regulations Take the Bite Out of State Workarounds of SALT Deduction Cap
- July 26, 2018 - Tax Law360: Connecticut's 'Kill Quill' Bet Seems To Pay Off
- June 8, 2018 - New England Real Estate Journal: Key Federal Income Tax Considerations for Real Estate Owners
- January 25, 2018 - Bloomberg Daily Tax Report: IRS Refuses to Acquiesce to ‘Estate Of Bartell" Decision on Non-Safe Harbor Reverse Like-Kind Exchanges
- April 15, 2021 - Marc Finer Presenting At Connecticut Bar Association Webinar On Getting Involved With Pro Bono Projects
- January 26, 2021 - Marc Finer Participating on Tax Update Panel for Greater Manchester Chamber of Commerce
- January 14, 2021 - Marc Finer Participating on Tax Update Panel for Connecticut River Valley Chamber of Commerce
- January 13, 2021 - Marc Finer Participating on Tax Update Panel for South Windsor Chamber of Commerce
- January 7, 2021 - Marc Finer Participating on Tax Update Panel for Greater New Haven Chamber of Commerce
- December 8, 2020 - Marc Finer Participating on Tax Update Panel for Estate and Business Planning Council of Hartford
- Massachusetts
- U.S. Tax Court
- Connecticut
- New York
- New Jersey
- New York University School of Law (LL.M. in Taxation, 1998)
- Hofstra University (J.D., 1994)
- Binghamton University (B.S., 1991)