Joseph M. Pari

Partner Washington, D.C.

Biography

Joseph Pari is Co-Chair of Weil’s Tax Department and is based in New York and Washington, D.C. Mr. Pari has extensive experience advising on federal income taxation of domestic and cross-border mergers, acquisitions, spin-offs, other divestiture types, restructurings, bankruptcy and non-bankruptcy workouts, acquisition financing, and the use of pass-through entities in acquisitive and divisive transactions, with a particular emphasis on corporate tax planning, the utilization of net operating losses, and other tax attributes and consolidated return matters.

Prior to joining Weil, Mr. Pari was National Principal-in-Charge of Washington National Tax at KPMG LLP.

Mr. Pari is on Bloomberg Industry Group's Corporate Taxation Advisory Board and the New York University Institute on Federal Taxation advisory board, and is an adjunct faculty member at the Georgetown University Law Center. He is a frequent speaker on tax issues relating to mergers and acquisitions, spin-offs and other divestitures, corporate tax planning, workouts, and consolidated return matters.

Mr. Pari has served as chair of the Corporate Tax Committee of the American Bar Association Tax Section; council director for the American Bar Association Tax Section’s Corporate Tax Committee, Committee on Affiliated and Related Corporations, and Bankruptcy and Workouts Committee; chair of the American Bar Association Tax Section’s Committee on Affiliated and Related Corporations and its Subcommittee on Consolidated Returns; co-chair of the Federal Bar Association Domestic Corporate Tax Symposia; and member of the advisory boards of the National Foreign Trade Council, Inc. and the Federal Bar Association.

Mr. Pari was named among Who’s Who Legal’s Thought Leaders - Global Elite in 2020 for Corporate Tax. He has also been selected for inclusion in publications including Chambers Global, Chambers USA, Best Lawyers in America, Legal 500 US, Who’s Who Legal, The International Who’s Who of Business Lawyers and Washington D.C. Super Lawyers and Turnarounds & Workouts magazine. Mr. Pari was named Washington, D.C. Tax Lawyer of the Year by Best Lawyers in America in 2012.

Practice Areas

Admissions

District of Columbia
Commonwealth of Massachusetts
New York State
US Tax Court

Education

Providence College (B.S., 1984)
Boston College Law School (J.D., 1987)
New York University School of Law (LL.M., 1988)

Awards and Recognition, Speaking Engagements, Guides and Resources, Firm News & Announcements, Latest Thinking

Awards and Recognition

Joe Pari Named a “Bankruptcy Tax Specialist” Award Brief — Turnarounds & Workouts

Speaking Engagements

2017 Tax Act – What Has Changed Two Years In? Speaker(s): Joseph M. Pari
March 17, 2020 — New York, NY — Co-Chair of Weil’s Tax Department Joe Pari presents on a panel titled “Application of the 2017 Tax Act Provisions to Consolidated Groups” as part of PLI’s “2017 Tax Act – What Has Changed Two Years In?” The panel discusses Business interest expense limitations in Section 163(j); Expensing provisions of Section 168(k); and International provisions of the Tax Act (e.g., GILTI, FDII, 245A and BEAT).
Consolidated Tax Return Regulations 2020 Speaker(s): Joseph M. Pari
January 21, 2020 — New York, NY — Co-Chair of Weil’s Tax Department Joe Pari participated in a segment titled “Investment Adjustments and Related Issues” as part of PLI’s 12-hour program titled “Consolidated Tax Return Regulations 2020.” The segment provided an overview of special adjustments to stock basis of subsidiary members of consolidated groups along with detailed examples of more complex situations, including: pitfalls related to excess loss accounts; earnings and profits tier-up rules; special basis and earnings and profits rules related to reverse acquisitions and holding company formations; and allocation of items when group members join or depart.

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Firm News & Announcements

Weil Advises CoStar Group in its Acquisition of Ten-X, LLC Firm Announcement — May 26, 2020
Weil Advises Willis Towers Watson in its $80B Combination with Aon Firm Announcement — March 09, 2020

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Latest Thinking

COVID-19 – Benefiting from Worthless Stock Losses Blog Post — Tax Blog — By Devon Bodoh, Greg Featherman, Graham Magill, Joseph M. Pari and Blake Bitter — April 14, 2020

As the economic effects arising from the worldwide spread of the novel Coronavirus (COVID-19) continue to develop, it is clear that forced closures, travel and trade restrictions, steep declines in demand, and other pressures will cause many businesses throughout the world to struggle. In these uncertain times, taxpayers may obtain a significant benefit by evaluating […]

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Guidance on Certain Net Operating Loss Elections Under the CARES Act Blog Post — Tax Blog — By Devon Bodoh, Greg Featherman, Graham Magill, Joseph M. Pari and Blake Bitter — April 13, 2020

On April 9, 2020, the Internal Revenue Service issued procedural guidance addressing the new 5-year net operating loss (NOL) carryback period enacted as part of the CARES Act. Specifically, Revenue Procedure 2020-24 provides detailed guidance on making an election to (i) waive the carryback period for an NOL arising in a taxable year beginning in […]

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The CARES Act – Considerations for Tax-Exempt Organizations Blog Post — Tax Blog — By Morgan Bale, Devon Bodoh, Sarah Downie, Stuart J. Goldring, Lyuba Goltser, Mark Hoenig, Michael Nissan, John O'Loughlin, Joseph M. Pari, Gregory Silbert and Paul J. Wessel — April 07, 2020

In response to COVID-19, a number of significant legislative and administrative steps have been taken to, among other things, ameliorate the impact of the crisis on individuals, businesses, and tax-exempt organizations. At the federal level, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), a ~$2 trillion stimulus package, was enacted on March […]

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Debt Buybacks— A Familiar Tool for New Circumstances Blog Post — Tax Blog — By Joseph M. Pari, Noah Beck, Devon Bodoh, Greg Featherman, Robert Frastai, Stuart J. Goldring, Mark Hoenig, Jonathan J. Macke, Graham Magill, Stanley E. Ramsay and Mark Schwed — April 03, 2020

As a result of the recent COVID-19 health crisis and related market volatility, an increasing number of bank loans and high yield bonds are trading below par. These current market conditions present attractive de-levering opportunities for leveraged companies able to buy back their own debt, as well as sponsors seeking to purchase debt of their […]

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The CARES Act: A Guide to the Tax Provisions Blog Post — Tax Blog — By Joseph M. Pari, Devon Bodoh and Mark Schwed — March 31, 2020

The tax provisions of the CARES Act, enacted on March 27, 2020, will provide meaningful relief to taxpayers, both individuals and companies, dealing with the fallout of the COVID-19 crisis. Key provisions include: employee retention payroll tax credits for employers subject to closure due to COVID-19; substantial extension of the due date for the payment […]

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