Erik C. Loomis

Partner

Overview

Erik C. Loomis is a tax partner in Cox Castle's Los Angeles office.

Income Tax Planning

Erik's practice includes Federal and California income tax planning for individuals, partnerships, limited liability companies, corporations, and tax-exempt entities (including pensions) and their investments in real estate. His particular focus is on the concepts and treatments that apply in the context of joint ventures, acquisitions, dispositions, workouts, and exchanges involving investments in real estate. Erik understands the business objectives of his clients and works with them to structure transactions in a tax efficient manner that also accomplishes their goals.

Real Property Tax Planning

Erik also has extensive experience with the application of California's real property tax laws, and is frequently consulted with respect to assessment matters. Erik also has wide experience in applying the increasingly important local variants of the California documentary transfer tax, both in structuring transactions to avoid imposition of the tax, and also to minimize its impact. 

Tax Controversies

Erik has significant experience as tax counsel in connection with a number of major Federal and California income tax litigation matters. He also regularly represents taxpayers in matters before the Internal Revenue Service, the California Franchise Tax Board, the California State Board of Equalization and local assessment tribunals.

Publications &
Speaking Engagements

Publications

Contributing author to California Mortgages, Deeds of Trust and Foreclosure Litigation, Continuing Education of the Bar - California (4th Ed.) (Chs. 7 & 10  regarding the income tax treatment of foreclosures, deeds in lieu of foreclosure and loan modifications)

Contributing author to American Bar Association Section of Taxation letter to the Internal Revenue Service entitled, Comments on Proposed  Regulations Concerning Consequences of Certain Mergers Under Section 704(c)(1)(B) And 737, 4/18/2008

Speaking Engagements

Property Tax in California, Lorman Education Services, 12/07/2012 & 12/14/2012

Tax Trends for Entities Owning California Real Estate, Continuing Education of the Bar/UCLA, 09/23/2010

Cancellation of Indebtedness Income: Mastering Latest Guidance, Strafford Publications, Webinar, 12/09/2009

Awards &
Affiliations

Awards & Recognition

  • Southern California Super Lawyers Rising Stars, Tax Practice Area, 2011-2012

Professional Affiliations

  • American Bar Association, Tax Section

PRACTICE AREAS

Bar and Court Admissions

  • State Bar of California

Education

  • LL.M., New York University School of Law, 2006
  • J.D., University of California, Davis School of Law, 2004