Tax Advisers - Deloitte

United States
Lawrence M Axelrod
Deloitte Tax LLP
555 12th Street, NW, Suite 500
Washington, DC 20004-1207
US
Tel: (1) 202 879 4969
Fax: (1) 202 220 2192
Email: laxelrod@deloitte.com
Website: www.deloitte.com
Lawrence Axelrod is a tax services principal with the Washington national tax group of
Deloitte Tax. He directs Deloitte Tax’s consolidated return practice and serves as a
technical resource for practitioners and clients with problems concerning consolidated
returns, corporate/shareholder relations and LLCs.
Lawrence also prepares comments on proposed regulations for Deloitte in his areas of
expertise, conducts the annual consolidated return public seminar (since 1985), and is an
instructor for Deloitte Tax’s in-house consolidated return training program.
Previously, as an attorney/adviser with the Legislation and Regulations Division, Office
of Chief Counsel at the Internal Revenue Service, he was assigned to drafting
consolidated return regulations, bad debt reserves for thrift institutions, and investment
tax credits for movies (1977 to 1981). His professional activities include membership of
the District of Columbia Bar; he is former chairman of the Committee on Affiliated and
Related Corporations, Tax Section of the American Bar Association and former
chairman of the Subcommittee on Consolidated Returns.
His publications include:
• “The Supreme Court, Consolidated Returns, and 10-year Carrybacks” 90 Tax Notes
1383 (March 5, 2001), cited by the Supreme Court in United Dominion v. US, 121 S
Ct 1934 (2001);
• “Issues and Uncertainties in Consolidated AMT” 305 PLI/Tax 141 (1990), cited by
the Tax Court in State Farm Insurance Co, 119 TC 342 (2002);
• “Rite Aid – Prescription for Reversal” I Mergers and Acquisitions 2 (December 2000);
• “Consolidated Returns and SLLs: Praying for Intermet’s Appeal” 81 Tax Notes 1570
(December 21, 1998);
• “Consolidated Return Intercompany Transaction Regulations: Clearly Reflecting
Income Is Clearly Not Simple” The Tax Executive (July-August 1994);
• “Section 304, Excess Loss Accounts, and Other Consolidated Return Gallimaufry”
36 Tax Notes 729 (August 17, 1987);
• “The Basis for Using E&P in Consolidated Return Basis Adjustments” 12 J Corp Tax
227 (Autumn 1985);
• “Esmark’s Tax-free Disposition of a Subsidiary: Too Good to be True?” 9 J Corp Tax
232 (Autumn 1982); and
• “The Accumulated Earnings Tax and the Deductions for Dividends in Property:
Market Value or Basis?” 4 J Corp Tax 232 (Autumn 1977).
Lawrence received his LLM in taxation from Georgetown University Law Center
(1980), his JD from USC Law Center (1975), and his BA from SUNY Stony Brook
(1971).
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