Education
J.D., The University of Chicago, Order of the Coif
Ph.D., Princeton University
B.A., summa cum laude, Wellesley College
Bar Admissions
California
Memberships
National Association of Real Estate Investment Trusts (Nareit)
Real Estate Roundtable, Tax Policy Advisory Committee, Member
American College of Tax Counsel, Fellow
American Bar Association Tax Section, Real Estate Committee, Chair
American Bar Association Tax Section, Partnerships & LLCs Committee, Member
Kate, a partner in the Los Angeles office and chair of the Tax Group, has more than 20 years of experience in tax planning, structuring, and representing taxpayers under audit. She advises clients on the tax issues that arise in a wide range of partnership, corporate, and real estate matters, including fund formations, financing transactions, mergers and acquisitions, restructurings, debt workouts, liquidations, and bankruptcies, as well as on the efficient resolution of tax controversies. Her clients include REITs, large institutional investors, real estate funds, private equity funds, hedge funds, Fortune 100 companies, mid-market companies, high-net worth individuals, and Opportunity Zone funds.
Kate is a nationally recognized leader in partnership and real estate tax, and she is often asked to speak at conferences around the country. She is a leading authority on the new partnership audit rules that were enacted by the Bipartisan Budget Act of 2015 (the BBA). Her work in this area includes the Bloomberg BNA Tax Management Portfolio on the BBA, for which she was named Tax Portfolio Author of the Year by Bloomberg BNA in 2023. Kate has published articles in Tax Notes and Corporate Taxation and has served as a contributing author of Colliers on Bankruptcy Taxation. Her comments have also appeared in numerous publications, including The New York Times, the Forbes Money and Market blog, Tax Notes, the Bloomberg Daily Tax Report, and Law360.
Kate served as a clerk for Judge Easterbrook of the United States Court of Appeals for the 7th Circuit.
Kate is a nationally recognized leader in partnership and real estate tax, and she is often asked to speak at conferences around the country. She is a leading authority on the new partnership audit rules that were enacted by the Bipartisan Budget Act of 2015 (the BBA). Her work in this area includes the Bloomberg BNA Tax Management Portfolio on the BBA, for which she was named Tax Portfolio Author of the Year by Bloomberg BNA in 2023. Kate has published articles in Tax Notes and Corporate Taxation and has served as a contributing author of Colliers on Bankruptcy Taxation. Her comments have also appeared in numerous publications, including The New York Times, the Forbes Money and Market blog, Tax Notes, the Bloomberg Daily Tax Report, and Law360.
Kate served as a clerk for Judge Easterbrook of the United States Court of Appeals for the 7th Circuit.
Taxing Partnerships: JVs, Debt Workouts and Compliance
Nareit REITwise 2024
Hollywood, FL
3.21.24
Partnership Audit Rules Under the Bipartisan Budget Act – What You Don’t Know Might Hurt You
Beverly Hills Bar Association
Webinar
2.06.24
2024 USC Tax Institute
Los Angeles, CA
1.23.24
Allen Matkins Capital Markets: A View From the Top at ULI Fall Meeting 2023
Los Angeles, CA
11.01.23
PLI Tax Planning for Domestic and Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances – San Francisco
Conference and webinar
6.08.23
PLI Tax Planning for Domestic and Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances – New York
Conference and webinar
5.11.23
ABA Tax Section 2023 Midyear Meeting, Real Estate Committee
Washington, D.C.
5.05.23
PLI Tax Planning for Domestic and Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances – Chicago
Conference and Webinar
4.27.23
Allocation and Distribution Provisions
PLI Tax Planning for Domestic and Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances - Chicago
4.25.23
Drafting Partnership Tax Audit Provisions for BBA Audits
LA County Bar Association
2.14.23
Practical Challenges of Section 706
ABA Tax Section 2023 Midyear Meeting, Partnership Tax Committee
San Diego, California
2.10.23
BBA Partnership Audit Rules – Hot Topics
California Lawyers Association 2022 Tax Bar and Tax Policy Conference – San Diego
11.03.22
PLI Tax Planning for Domestic and Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances – New York
Conference and webinar
5.11.22
PLI Tax Planning for Domestic and Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances – Chicago
Conference and webinar
4.28.22
Allocation and Distribution Provisions
PLI Tax Planning for Domestic and Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances - Chicago
Conference and webinar
4.26.22
Decision-Making Within the BBA Centralized Partnership Audit Rules
80th Annual NYU Institute on Federal Taxation
Webinar
11.17.21
PLI Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2021
Webinar
6.08.21
Current Developments in Structuring Real Estate Partnerships
ABA Tax Section 2021 May Meeting, Real Estate Committee
Webinar
5.14.21
The BBA: Heads IRS Wins, Tails Taxpayer Loses, and Partnership and Real Estate Hot Topics
USC Gould School of Law Virtual Event
1.26.21
Partnership Basics: Liquidation, Redemption and Distribution Transactions
California Lawyers Association
Webinar
8.11.20
Briefing on Final Opportunity Zone Regulations
Los Angeles, California
San Francisco, California
Newport Beach, California
2.11.20
Opportunity Zones – Structuring Issues
ABA Tax Section 2020 Midyear Meeting, Real Estate Committee
Boca Raton, Florida
1.31.20
Manage Risk & Meet Business Objectives in QOZs: Private Capital Investment Primer
IMN Opportunity Zones Forum (West)
Los Angeles, California
11.12.19
2019 Opportunity Zone Expo Las Vegas
Opportunity Zone Expo
Las Vegas, Nevada
5.09.19
ABA Tax Section 2019 Midyear Meeting, Real Estate Committee
New Orleans, Louisiana1.18.19
Heart of America Tax Institute
Kansas City, Missouri
11.01.18
The Tax Cuts and Jobs Act – Real Estate Issues
CREW Network
Dallas, Texas
6.20.18
Applying the New Partnership Audit Rules to Real Estate Investment Structures
ABA Tax Section 2017 Fall Meeting, Real Estate Committee
Austin, Texas9.14.17
Conversions Are Not Always Changes
ABA Tax Section 2016 May Meeting, Partnerships & LLCs Committee
Washington, D.C.
5.05.16
Potential Surprises Lurking in the Bipartisan Budget Act
ABA Tax Section 2016 May Meeting, Real Estate Committee
Washington, D.C.
5.05.16
Allen Matkins Advises Revitate in Portland Thorns FC Acquisition
Press Mention
1.18.24
Press Release
8.17.23
Kate Kraus in Bloomberg Tax & Accounting
Press Mention
5.09.23
IRS Signals Openness to Opportunity Fund Business Plan Tweaks
Kate Kraus in Tax Notes
Press Mention
5.08.23
Officials Play Coy on Opportunity Fund Decertification Guidance
Kate Kraus in Tax Notes
Press Mention
5.08.23
Allen Matkins Appoints New Leadership Roles in Various Departments and Practice Areas
Recent promotions represent a new generation of leadership at the premier West Coast law firm
Press Release
8.12.22
IRS Has ‘Absolute’ Discretion on BBA Zero-Adjustment Rule
Kate Kraus in Tax Notes
Press Mention
4.29.22
BBA Indemnities May Result in Double Taxation
By Kate Kraus in Tax Notes
Article
4.05.21
Extensions of COVID-19 Relief for Opportunity Zone Funds
1.22.21
The Curious Case of Debt Allocation Miscommunication and the BBA
Kate Kraus in Tax Notes
Press Mention
12.02.20
Brokers Say Use of 1031 Exchanges Has Surged During Pandemic
Kate Kraus in the Los Angeles Business Journal
Press Mention
8.03.20
The Partnership Audit Rules Under the Bipartisan Budget Act
Tax Management Portfolio 629-1st
Treatise
6.15.20
Opportunity Zone Funds Granted Additional COVID-19 Relief
6.09.20
3 Lingering Opportunity Zone Questions Amid The Pandemic
Matthew J. Ertman and Kate Kraus in Law360
Press Mention
6.05.20
How a Tax Benefit for Developers Could Backfire in the Pandemic
Kate Kraus in The New York Times
Press Mention
6.05.20
COVID-19 and Tax Effects on Real Estate
By Kate Kraus in Tax Notes Talk and Forbes
Podcast
5.08.20
Opportunity Zone Funds - Tax Implications of Liquidating an Investment
Kate Kraus in Law360 Tax Authority
Press Mention
5.01.20
4.16.20
COVID-19 Extensions for Section 1031 Exchanges and Opportunity Zones
4.14.20
Partnership Administrative Adjustment Requests (AARs) Are Dangerous
By Kate Kraus in Tax Notes
Article
4.14.20
3.31.20
Final Opportunity Zone Regulations Are Generally Favorable for Taxpayers
1.07.20
The Push-Out Election and AARs Might Not Get You Back to Kansas
By Kate Kraus in Tax Notes
Article
12.02.19
A Daunting Process Emerges in Partnership Audit Regime Timelines
Kate Kraus in Tax Notes
Press Mention
11.08.19
Beware of Audit Regime Push-Out Adjustments, Practitioners Warn
Kate Kraus in Tax Notes
Press Mention
8.20.19
Press Release
5.16.19
Chambers and Partners’ USA Regional Real Estate Guide 2019: California
By Anton N. Natsis, Peter J. Roth, Paul V. Obico, and Kate Kraus
Article
5.14.19
Favorable Guidance Issued on Opportunity Zones
4.23.19
Audit Regime’s Modification Options Also Have Consequences
Kate Kraus in Tax Notes
Press Mention
3.01.19
Modification Forms Provide Insight Into Audit Regime Mechanics
Kate Kraus in Tax Notes
Press Mention
2.21.19
New 'Sleeper' Requirement Puts Partnerships Under Magnifying Glass
Kate Kraus in Bloomberg BNA Daily Tax Report
Press Mention
2.14.19
Audit Rules May Be Backdoor for Foreign Partner Sale Enforcement
Kate Kraus in Tax Notes
Press Mention
1.16.19
Practitioners Suggest Options for Debt Issues in Audit Regime
Kate Kraus in Tax Notes
Press Mention
1.14.19
Final Audit Regs Put Focus on Debt Mischaracterization
Kate Kraus in Tax Notes
Press Mention
1.08.19
Simplified IRS Audits May Bring Trouble for "Lazy" Partnerships
Kate Kraus in Bloomberg Law News and Bloomberg BNA Daily Tax Report
Press Mention
1.04.19
Partnership Audit Regulations: Where Do We Stand Now? (Part 2)
Kate Kraus on Bloomberg Tax’s “Talking Tax” podcast; republished in Bloomberg BNA Daily Tax Report and Real Estate Journal
Press Mention
12.20.18
Partnership Audit Regulations: Where Do We Stand Now? (Part 1)
Kate Kraus on Bloomberg Tax’s “Talking Tax” podcast; republished in Bloomberg BNA Daily Tax Report and Real Estate Journal
Press Mention
11.28.18
Allen Matkins Nabs Ex-CliftonLarsonAllen Tax Atty For LA Office
Kate Kraus in Law360
Press Mention
11.19.18
The Default Regime: Stranger Than Might First Appear
By Kate Kraus in Tax Notes
Article
9.15.16
Attorney-Client Privilege for Tax Lawyers
By Kate Kraus in Tax Notes
Article
2004
Collier on Bankruptcy – Chapter 11A (Consolidated Return Issues in Bankruptcy)
Book Chapter
2011-2013
Pasquantino: Foreign Tax Evasion as a Domestic Crime
By Kate Kraus in Corporate Taxation
Article
Dec. 2005
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