Biography

Throughout his 45 year career, Mr. Grossman has counseled individuals, corporations, institutions, partnerships, limited liability companies and fiduciaries regarding planning and implementing business and personal transactions of all kinds, including trusts, syndications, pension investments and real-estate investment trusts.

Mr. Grossman has extensive experience handling negotiations with federal tax authorities at all levels. He routinely negotiates favorable settlements with the Internal Revenue Service involving the valuation of business real estate, corporate stocks and partnership interests. He also structures participating debt for pension-fund real-estate investments, ensuring that income earned is not treated as unrelated business taxable income.

Illustrating his experience, Mr. Grossman devised the first conversion of a publicly traded corporation into a publicly traded limited partnership and successfully litigated a landmark case involving the so-called "Crown Loan" in which both the Tax Court and the Court of Appeals agreed that low-interest and no-interest intrafamily loans did not constitute taxable gifts from the lender to the borrower. He also structured the tax-free split-up of numerous partnerships when partners left the nation's largest real estate developer to form their own development company.

Education

J.D., Northwestern University School of Law (1959)

Order of the Coif

B.B.A, University of Michigan (1956)

Admissions

• Illinois