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Partner - Louis B. Schatz

Louis B. Schatz

Partner

Hartford: (860) 251-5838
New York: (212) 376-3010
lschatz@goodwin.com
Hartford Office, New York Office
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Louis Schatz serves as Chair of Shipman & Goodwin’s Tax and Employee Benefits Practice Group. From 2007 to 2017, Lou served on the firm’s seven-person Management Committee. He is the past Chair of the Tax Section of the Connecticut Bar Association.

Lou practices in the areas of federal and State of Connecticut tax with attention to the representation of closely held businesses organized as limited liability companies, partnerships and S corporations; real estate joint ventures; and the representation of taxpayers involved in federal and Connecticut tax controversies (at the audit, appellate and court levels). He is a frequent lecturer on federal and State of Connecticut tax, partnership and limited liability company issues. For many years he has been providing annual updates on Connecticut tax developments to accountants practicing in New York and New Jersey. His recent lectures include presentations to the Connecticut Bar Association, the Connecticut Society of CPA's, the Connecticut Business and Industry Association, the National Conference of CPA Practitioners, the New York State Society of CPA's, the Long Island Tax Practitioner Symposium, the National Business Institute, the University of Connecticut Income Tax School, the New England Tax Institute, and the Foundation for Accounting Education in New York City. Louis is widely published, including his authorship of the latest edition of "Connecticut Limited Liability Act: Forms and Practice Manual," the leading treatise in Connecticut on limited liability companies.

As a member of the firm’s Opportunity Zones team, Lou advises clients on various aspects of the Qualified Opportunity Zones program.

Distinctions

  • Member of Connecticut State Tax Panel appointed by General Assembly's Finance, Revenue and Bonding Committee that was directed to review overall state and local tax structure (2014-2015)
  • Elected to House of Delegates, Connecticut Bar Association (2013-2016)
  • Member of Connecticut Department of Revenue Services Business/Practitioner Liaison Group, External Advisory Board (2016-present)
  • Member of Special Committee appointed by Department of Revenue Services Commissioner to consider changes to Connecticut’s partnership tax laws (2010)
  • Special Master, Connecticut Tax Court
  • Member of Special Committee appointed by Connecticut Law Revision Commission to consider changes to the application of Connecticut's LLC law to professionals (2002)
  • AV Preeminent® Rated, Martindale-Hubbell
  • Listed as a Connecticut Super Lawyer®: Tax (2006-2018)
  • Listed in The Best Lawyers in America®: Tax Law (2012-2019); Tax Litigation & Controversy (2013, 2015-2017, 2019)
  • Named "Lawyer of the Year": Best Lawyers Hartford Region Tax Law; (2013, 2018): Best Lawyers Hartford Region Tax Litigation & Controversy (2017, 2019)
  • Connecticut Bar Foundation: James W. Cooper Life Fellow

Teaching Positions

  • University of Connecticut Income Tax School
  • University of Hartford Barney School of Business: Guest Lecturer

Professional Affiliations

  • American Bar Association: Taxation Section
  • Connecticut Bar Association: Executive Committee, Business Law Section; Past Chair of Tax Section; Former Chair, Limited Liability Company Sub-committee; Former Chair, Property and Conveyance Tax Sub-Committee
  • New York Bar Association
  • ISA (Independent State and Local Tax Alliance): Member

Sale of Really Good Stuff, Inc.

Represented Really Good Stuff, Inc., a multi-channel marketer of innovative classroom products and teaching tools in its successful sale to Excelligence Learning Corporation, a leading developer, manufacturer, distributor, and multi-channel retailer of educational products. As an innovation leader, Really Good Stuff offers over 7,500 products (500 new products annually) to meet the needs of teachers and classrooms in the K-8th grade market.

The strategic acquisition of Really Good Stuff expands Excelligence’s market, which will now include pre-K early childhood programs, preschools and grades K-8, and allows both companies the opportunity to leverage their respective core strengths and resources to create customized solutions for school districts across the country. In connection with the acquisition, a team of Shipman & Goodwin attorneys, working with Really Good Stuff’s regular outside corporate counsel, represented Really Good Stuff on tax, pension, environmental and Connecticut business matters.  For more information, read the press release.

Real Estate Conveyance Tax Appeal at the Connecticut Supreme Court

The Connecticut Supreme Court held that a land seller could not be assessed a real estate conveyance tax based on money paid by the buyer of the property to a separate but related construction company that built a house on the land before the land seller conveyed the property, where the court concluded that the taxpayer had shown a legitimate business purpose for the structure of the transaction. Old Farms Associates v. Commissioner, 279 Conn. 465 (2006).

Publications

November 13, 2018  2017 Survey of Connecticut Tax Law Development
November 8, 2018  Federal Excise Taxes on Executive Compensation
November 2, 2018 - Updates to June 6 Publication  2018 Connecticut Tax Developments
February 1, 2018  A Strategy for Maintaining the Tax Efficiency of Charitable Contributions In 2018
December 29, 2017  The New Biennial Budget: Trick or Treat?
December 18, 2017  DRS Updates: New Withholding on Pensions and Annuities, Economic Nexus for Sales Tax and "Fresh Start" Program
2017 Vol. 90.4  2016 Survey of Connecticut Tax Law Developments
July 13, 2017  2017 Legislative Session: Refusing to Budge(t)
June 8, 2017  Eagerly Awaited "Market-Based Sourcing" Guidance Issued by Connecticut Department of Revenue Services
April 28, 2017  Update on Nonqualified Stock Options and Statutory Limitations on Refunds Claims
April 28, 2017  Connecticut Limited Liability Company: Forms and Practice Manual
June 30, 2016, Updated December 31, 2016  Connecticut Tax Developments 2016
June 2018  Connecticut Tax Developments
2016 Vol. 89.3  Recent Connecticut Tax Law Developments
12/15/15, Updated 12/29/15  Connecticut Tax Developments 2015
12/15/15, Updated 12/29/15  Connecticut Deficit Mitigation Package Contains Limited Tax Relief
September 11, 2015  Connecticut Establishes Procedure for Administrative Relief for Underpayment of 2015 Estimated Corporation Business Tax Payments
August 25, 2014  Connecticut Delays Until 2015 the Acceleration of the Due Date for Sales and Use Tax Returns and Payments
June 18, 2014  Connecticut Tax Developments 2014
December 19, 2013  2014 Connecticut Tax Forecast: DRS Legislative Proposals, Transparency and Regulations

View All »

Events

December 17, 2018  2018 NYSSCPA Tax Conference
November 30, 2018  CLE Event: Webinar: The New Opportunity Zones Program: What Businesses and Investors Need to Know
November 28, 2018  NCCPAP: Tri-State Tax Update 2018
November 28, 2018  CLE Event: 2018 Year End Tax Seminar
November 15, 2018  2018 NCCPAP/IRS Long Island Tax Professionals Symposium
October 9, 2018  Webinar: Relocation Roadmap - A Guide to Avoiding Tax Traps When Changing Residency
July 17, 2018  CLE Event: Webinar: Annual Connecticut Tax Update: 2018
June 12, 2018  CLE Event: Webinar: Connecticut's Response to Federal Tax Reform Legislation
March 15, 2018  CLE Event: Webinar: An Overview of the Significant Provisions of the Tax Cuts and Jobs Act PART 3: Impact of the 2017 Act on Businesses/Corporations, Including International Tax Law Changes
March 8, 2018  CLE Event: Webinar: An Overview of the Significant Provisions of the Tax Cuts and Jobs Act PART 2: The Impact on Individuals: What You Need to Know
March 6, 2018  CLE Event: Webinar: An Overview of the Significant Provisions of the Tax Cuts and Jobs Act PART 1: A Review of the New Pass-through Deduction and the Impact that the 2017 Act has on Choice of Entity
February 15, 2018  Business Divorce: Litigating the Breakup of an LLC
January 19, 2018  Trump Tax Update and Local Impact
December 12, 2017  NCCPAP: Tri-State Tax Update 2017
December 11, 2017  CLE Event: Webinar: 2017 Connecticut Tax Update
November 15-17, 2017  The 2017 Long Island Tax Professionals Symposium
November 6, 2017  NYSSCPA: Westchester Tax Conference Part 1
September 19, 2017  CLE Event: Webinar: Overview of the New IRS Partnership Audit Rules - What You Need to Know
September 14, 2017  The New IRS Partnership Audit Rules: What Every Practitioner Needs to Know
June 28, 2017  Connecticut Tax Conference 2017
June 12, 2017  CBA 2017 Connecticut Legal Conference
December 20, 2016  NCCPAP: Tri-State Tax Update - 2016
November 16-18, 2016  The 2016 Long Island Tax Professionals Symposium
June 6, 2016  New York Tax Study Group: Recent Connecticut Tax Developments
January 21, 2016  Tri-State Taxation Conference: 2016
December 8, 2015  National Conference of CPA Practitioners
November 18-20, 2015  The 2015 Long Island Tax Professionals Symposium
November 17, 2015  The 2015 University of Connecticut Income Tax School
November 5, 2015  Developers Council Dinner
October 30, 2015  CBA Federal Tax Institute of New England
October 1, 2015  Relocation Roadmap - Avoiding Tax Traps
June 11-12, 2015  Independent SALT Alliance 2015 Summer Meeting
December 16, 2014  NCCPAP: Tri-State Tax Update
December 4, 2014  New York State Society of CPAs, Rockland Chapter: 2014 Connecticut Tax Update
November 19-21  The 2014 Long Island Tax Professionals Symposium
January 28, 2014  Tri-State Taxation Conference: 2014

View All »

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Practice Areas

Industries & Featured Services

Education

  • Cornell Law School, J.D., 1979
  • New York University School of Law, LL.M. (in Taxation), 1980
  • Cornell University, B.A., 1976

Bar Admissions

  • Connecticut
  • New York

Court Admissions

  • U.S. Tax Court

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