Recent Cases

Subsidiary of public company with over $40M revenue and performed an out of court workout to abandon leaseholds and settle with over 75 vendors most at 25-33% of face value.

NYC Chapter 11 for food services company with over $8M revenue. Worked with creditors committee. Dealt with IRS criminal tax investigation, settled sales tax claim for over $200K discount with 6-year payment plan for confirmed plan.

NYC restaurant with over $3M in revenue. Settled sales taxes with over $150K discount and sold leasehold in 363 sale.

Personal tax court case with over $35M in taxes claimed with international, residency, mark to market, hedging issues. Settled the case during trial and further discounted the amount with an offer in compromise.

Bankruptcy adversary case with Department of Justice in DC for over $2.5M in taxes outstanding and discharged and settled for under $200k.

Chapter 11 for contractor with over $3M in revenue. Settled tax claim with United States Attorney for over $200k discount and conducted 363 sales to fund confirmed plan.

Corporate and personal offers and compromise for 2 NYC restaurants and settled combined taxes over $1M for 50% with 5-year payout.

Offer in compromise for responsible party of contractors and settled over $700k or trust fund taxes for under $50K.

Chapter 11 attorney for contractor with 5 developments and $10M in debt. Settled with creditors and did a 363 sale to fund confirmed plan.

Chapter 11 attorney for wholesaler and settled IRS and NYS tax claims for over $250k in savings and confirmed the chapter 11 plan.

Reorganization consultant to major airline after 9-11.

Stephen B Kass

In The Press

In bankruptcy, prepare for worst

Many find Chapter 11 a dead end

By Judith Messina

Links

Crain’s Ney York.com
http://www.crainsnewyork.com/article/20071023/FREE/71023010

Contact Us

Testimonials

Steve is an amazing person. Honest. Caring. Intelligent. As we have moved through our careers and personal lives, he remains a constant. I am honored to have worked with him, call him a friend and know he will always be there for advice. All the best Steve. B

I hired Stephen Kass in the spring of 2013 at a challenging time when I was closing my restaurant group. Mr Kass is an outstanding expert in tax, restructuring and bankruptcy matters. He understands the intricacies of the law and provides value to his clients with every decision he makes. Stephen Kass consistently exceeded my expectations : he is creative, professional, deadline and results driven, organised, diligent, detail oriented and ethical. Stephen Kass does not spend time nor energy in small talks, he spends every second addressing distressed situations and does so brilliantly. I also dealt with his team who was similar to him. Stephen Kass' law firm is super efficient thanks to his charisma and his focus on efficiency. If there is only one attorney to hire in NYC it should be him.

I have worked on a number of projects with Stephen. Stephen has a great ability to understand the details from various business perspectives. He is very organized in his approach to his deal flow. I enjoy working with him because I know he accomplishes exactly what needs to be done.

I have worked with and consulted Stephen on various matters since 2002. In those thirteen years, I've seen him excel at the core elements of his practice and corporate endeavors: helping his clients obtain the necessary results with his knowledge, professionalism and ethical standards. I would not hesitate to coordinate services to, or recommend clients to Stephen.

A Guide to IRS Tax Forms

April 15, 2024 No Comments

Tax season can be a stressful time for many individuals and businesses. With the numerous forms and deadlines to keep track of, it can be