State and local tax expert for mergers and acquisitions
Focuses on state and local tax due diligence, structuring, modeling and advisory services
New York
@alvarezmarsal
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Louis Mancini is a Managing Director with Alvarez & Marsal Tax in New York. As part of the Transaction Tax Advisory practice, he focuses on state and local tax due diligence, deal structuring, tax modeling and state and local tax advisory services.
For more than 20 years, Mr. Mancini has advised businesses on tax considerations relating to business acquisitions, divestitures and reorganizations. He has led state tax engagements for transactions with a broad range of value, including some of the largest in M&A history.
Mr. Mancini’s current practice focuses on middle market private equity, where he provides strategic counsel on multi-state income/franchise tax, sales and use tax, transfer tax and other state and local taxes. He has advised clients on state and local tax matters such as evaluating income and sales tax nexus, PL 86-262 protection, tax attribute modeling upon acquisition or reorganization, debt placement, the tax impact from distributions, and receipts sourcing.
Mr. Mancini has worked with clients in various industries, including technology, media, online and brick-and-mortar retail, professional services, home/commercial construction/improvement, financial services, and healthcare.
Prior to joining A&M, Mr. Mancini worked with the SALT/Mergers and Acquisitions tax practice at PwC in New York, providing state and local transaction tax advisory services to global private equity firms and multinational corporate clients involved in mergers, acquisitions and internal restructurings.
Mr. Mancini earned a bachelor’s degree in accounting (finance minor), from Villanova University and a master’s of law degree in tax (LLM.) and a J.D. (cum laude) from New York Law School. He is admitted to the bar of New York.
A&M’s Louis Mancini highlights some of the key state corporate income tax considerations following the acquisition of a business and includes commentary on transfer tax considerations when acquiring a business in a recent Tax Notes article.
The New York State Legislature passed a bill that would amend the administrative code of the city of New York and decouple from certain amendments made by the CARES Act (Pub. L. 116-136) to the Internal Revenue Code (“IRC”) for the New York City (“NYC”) unincorporated business corporation tax (“UBT”), general corporation tax (“GCT”), banking tax (“Bank Tax”) and business corporation tax (“BCT”). The bill needs to be approved by Governor Andrew M. Cuomo to become law.
As COVID-19 continues to spread across the country, state and local governments are racing to pass emergency relief measures to assist taxpayers directly impacted by the coronavirus pandemic and help prop up the slowing economy.
On June 21, 2018, the U.S. Supreme Court decision in South Dakota v. Wayfair (“Wayfair”), 585 U.S. ___ (2018), overturned the long-standing precedent embraced 26 years earlier in its 1992 decision in Quill v. North Dakota requiring physical presence for sales and use tax nexus.
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