TaxConnections


Michael EAGAN

Tax Senior Manager

Berdon LLP
New York, New York, USA

Public Accounting Firm - Local

Professional Summary

Senior Tax Executive with extensive background in real estate investments and transactions. Extensive experience with REITs and partnerships, including real estate funds. Extensive planning, compliance, modeling and FAS 109/ ASC 740 provision calculation experience. Experience with federal, state and local, and international planning for real estate investments. Combined public accounting and private industry (a public REIT) experience. With a JD, MBA and LL.M, enjoy deep dives into the details of transactions to fully understand the economic, financial and tax implications to the overall business.

I am actively searching for a new opportunity and can be reached at (201) 452-1853 or michael_J_eagan@hotmail.com.

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Languages

  • English

Industry Experience

    • Real Estate
    • Real Estate Investment Trust (REIT)
    • Real Estate
    • Real estate
    • General Tax and Corporate

Social Media



Experience

Berdon LLP
New York, New York, USA 10017
Tax Senior Manager
Public Accounting Firm - Local
2017 - Present
• Advise clients in real estate industry on tax structuring and compliance issues;
• Lead Firm’s Tax Technical Services Group, a group focused on providing research support for the tax practice, resolving technical tax issues, and developing Firm positions on uncertain tax issues;
• Lead Firm efforts in drafting and publishing internal and external tax-related guidance;
• Led Firm’s efforts in understanding and interpreting the 2017 Tax Act;
• Supervise and mentored staff of five junior attorneys;
• Member of Firm Tax Education committee and frequent presenter at training seminars.
iStar Inc.
New York, New York, USA 10036
VP-Tax
Corporation - Publicly-Held
2010 - 2016
Vice President, Tax Transactions (1/2016-12/2016)

• Reviewed proposed transactions and transaction documents for compliance with, and impact on, Company’s REIT tests;
• Documented completed transactions with thorough factual discussion and tax analysis for satisfaction of SOX compliance;
• Provided structuring and tax advisory with respect to taxable REIT subsidiary (TRS) transactions for tax effective planning;
• Reviewed new and proposed laws for potential impact and planning opportunities (worked with NAREIT following extensive review of anticipated Section 385 debt/equity regulations).

Vice President, Tax (6/2010-1/2016)

• Managed tax function, including compliance, REIT compliance, tax provisions, planning and projection modelling;
• Developed and maintain Excel models relating to company’s REIT status, taxable income, and tax liability of taxable REIT subsidiaries (latter includes maintenance of individual “feeder” models for the Company’s land and condo assets). Development models changed the way management analyzed asset performance by allowing for an after-tax IRR analysis;
• Structured new investments and TRS transactions for compliance with REIT status and for tax efficiency and saved Company millions in TRS taxes through tax effective M&A transactions, as well as effective use of intercompany debt;
• Ensured accurate and timely filing of over 150 tax returns annually;
• Determined FAS 109 deferred tax provision and required FIN 48 disclosures;
• Worked extensi
FTI Consulting
Roseland, New Jersey, USA 07068
Director
Consulting Firm
2009 - 2010
• Advised real estate investors, including real estate funds and REITs, on various tax structuring and consulting matters, including effective tax planning for TRSs and structuring for REIT compliance;
• Performed extensively quantitative analyses, including modeling investment structures, as well as complex partnership calculations;
• Managed the tax compliance process for various clients, including a public REIT;
• Conducted training seminars in international tax and advanced Excel.
Ernst & Young LLP
New York, New York, USA 10036
Tax Senior Manager
Public Accounting Firm - Big Four
2002 - 2009
Tax Senior Manager – International Tax Services/Real Estate (5/2003-10/2009)

• Advised real estate investors, including real estate funds and REITs, on structuring issues relating to US inbound and outbound real estate investment;
• Involved in extensive quantitative analyses, including modeling alternative investment structures or acquisition techniques and complex partnership calculations such as basis step up allocations and 704(c) allocations;
• Managed multiple REIT due diligence engagements for public REIT acquisitions;
• Drafted memoranda regarding application of US tax law to various factual settings, including a REIT opinion for Tishman Speyer’s acquisition of Archstone;
• Developed and implemented a real estate tax new-hire training program, and involved in various local and national training initiatives, including teaching courses and designing content;
• Managed US tax compliance and reporting process for inbound and outbound real estate clients.

Tax Manager – International Tax Services/International Capital Markets (6/1999-11/2000; 4/2002-5/2003)

• Advised clients on application of U.S. tax law to capital market transactions and instruments including repos, structured debt products, swaps, foreign currency, hedging transactions, and securitizations;
• Drafted memoranda regarding application of US tax law to financial instruments, including a debt v. equity opinion;
• Worked in the Firm’s national tax department practice in Financial Instruments and Capital Mar
Jones Day
New York, New York, USA 10281
Associate Attorney
Law Firm - International
2000 - 2002
• Researched, analyzed and prepared memoranda regarding application of U.S. federal and New York state tax law to structured financial and corporate transactions;
• Drafted contractual language in corporate transaction and structured finance agreements;
• Reviewed legal documents for consistency with business and economic deal terms.

Education

LLM, Taxation 2003
New York University School of Law
New York, New York, United States
MBA, International Finance 1999
Case Western Reserve University
Cleveland, Ohio, United States
Graduated magna cum laude.
JD, Law 1999
Case Western Reserve University School of Law
Cleveland, Ohio, United States
Graduated magna cum laude.
BS, Accounting 1995
University of Akron
Akron, Ohio, United States
Graduated summa cum laude.
BSBA, Finance 1995
University of Akron
Akron, Ohio, United States
Graduated summa cum laude.
BA, English 1995
University of Akron
Akron, Ohio, United States
Graduated summa cum laude.

Bar Admissions

New York
Active
1999

Associations and Societies

  • New York State Bar Association (American Bar Association)

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