Biography
Ben Oklan is an associate in Weil’s Tax Department and is based in New York. Ben participates in the representation of Firm clients with respect to the tax aspects of a broad range of partnership and corporate transactional matters. He has significant experience with real estate transactions, including 1031 transactions, qualified opportunity zones, and FIRPTA. He regularly participates in advising REITs on the tax aspects of formation transactions, mergers and acquisitions, securities offerings, and tax compliance. Ben also has experience in private equity fund formation for both private equity fund sponsors and investors.
Ben has significant tax controversy experience and co-authored two briefs in the U.S. Supreme Court for PPL Corp v Commissioner and the companion case Entergy v Commissioner. Ben is admitted to practice in the U.S. Tax Court, 5th Circuit, and U.S. Supreme Court.
Prior to joining Weil, Ben was a Tax associate at another international law firm.
Ben received his LL.M. from New York University School of Law, his J.D. from the University of California, Los Angeles School of Law, where he served as an Articles Editor of the UCLA Journal of Law and Technology, and his B.A. from the University of California, Santa Barbara.
Awards and Recognition, Speaking Engagements, Guides and Resources, Latest Thinking, Firm News & Announcements
Latest Thinking
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Inflation Reduction Act: New Guidance on Direct Payment Election
Blog Post — Tax Blog
— By
Steven Lorch,
Jonathan J. Macke,
Nathan Bunch,
Ben Oklan and
Natalia Pierotti
— April 10, 2024
On March 5, 2024, the U.S. Department of the Treasury and the Internal Revenue Service released the following guidance with respect to the elective payment election under Section 6417: ...
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Inflation Reduction Act: New Monetization Techniques Are Helpful, But May Be Limited For Partnerships with Tax-Exempt Investors
Blog Post — Global Private Equity Watch
— By
Jonathan J. Macke,
Ben Oklan and
Andrew Lawson
— November 01, 2023
The Inflation Reduction Act of 2022 (the “IRA”) includes two new monetization opportunities – (i) the ability to receive cash payments from the government in lieu of claiming certain tax credits (“Direct Pay”) and (ii) the ability to sell certain tax credits to third parties for cash (“Transferability”). These provisions were intended to increase the pool of capital for clean energy projects by expanding potential sources of funding based on tax credits. Although this expanded pool picks up tax-exempt and governmental investors, proposed guidance from Treasury and the IRS would meaningfully limit the ability of such entities to utilize these provisions if they invest through a tax partnership. ...