- Benefits & Compensation
- Business Law
- Private Equity
- Venture Capital
- Cross Border
- Tax Credits & Syndication
- Start-up Companies
- Media & Telecommunications
- Energy & Cleantech
- Tax-Exempt Organizations
- Wireless & Satellite
|University ||Boston College, A.B., summa cum laude, 1973|
|Law School||Georgetown University Law Center, J.D., 1976|
|Admitted||Massachusetts; U.S. Court of Appeals, First Circuit; U.S. Tax Court|
American Bar Association - Tax Section
Boston Bar Association - Tax Section
Boston Tax Forum
|Born||Acushnet, Massachusetts, May 26, 1951|
Karl is a member of the Tax, Benefits & Compensation Department and the Private Equity & Venture Capital Group. His practice includes all aspects of tax planning for corporations, partnerships, limited liability companies and individuals engaged in business and investment activities. Karl has been listed as both a Massachusetts Super Lawyer since 2004, and a New England Super Lawyer since 2007 in the area of Tax Law by Thomson Reuters and Boston Magazine. He has also been listed among The Best Lawyers in America in the area of Tax Law since 2007 and Litigation and Controversy - Tax since 2012.
Karl handles the tax aspects of venture capital and private equity financings, corporate and partnership restructurings, mergers and acquisitions, general advice in acquiring, holding and disposing of real estate, the formation of investment funds, executive compensation and preparation of tax disclosure materials in private and public offerings of partnership and corporate securities, including investment partnerships and real estate investment trusts.
He has particular experience in advising tax-exempt organizations; in structuring leasing transactions; international tax planning of inbound and outbound corporate and real estate transactions and offshore investment funds; tax planning of debt restructurings for creditors and debtors; tax disputes in administrative and judicial proceedings; and representation of institutional investors and developers of low-income housing credit projects.
•Assisted numerous venture capital, private equity and hedge funds in organizing new funds and making investments in portfolio companies.
•Guided numerous public and private companies through tax-free acquisitions in the United States and in cross-border transactions.
•Advised several REIT's and mutual funds concerning the tax aspects of organization and operations.
•Structured sale-leasebacks and leveraged leases of real estate and equipment in transactions valued at over one billion dollars.
•Assisted healthcare organizations and museums in forming joint ventures with for-profit enterprises.
•Handled numerous IRS and Massachusetts tax audits through the appeals and settlement process, and in court, including cases involving national tax shelter audit teams.
Before Edwards Wildman
After law school, Karl was an attorney-advisor in the IRS Office of Chief Counsel in Washington, D.C. where he drafted international tax regulations and legislation. He also served as an attorney-advisor in the Appellate Section of the Tax Division, U.S. Department of Justice, where he briefed and argued over 50 cases in the U.S. Courts of Appeal and the U.S. Supreme Court. Following his years of government service, Karl has spent over 30 years in private practice in Boston.
Besides Edwards Wildman
Karl is active in his community of Winchester, Massachusetts and is currently a Town Meeting Member. He also served as the Chairman of the Board of Selectmen, and Chairman of the Town Finance Committee. Karl has been a member of the Massachusetts Taxpayer's Foundation and a member of the Board of Trustees of the Boston Municipal Research Bureau. Karl was appointed by Governor Deval Patrick of the Commonwealth of Massachusetts to serve on the 15 member Study Commission on Corporate Taxation, which made several recommendations for corporate tax reform that were enacted by the Massachusetts Legislature in 2008.
Documents by this lawyer on Martindale.com
Supreme Court Holds that Severance Payments Constitute Wages under FICA
Lori A. Basilico,Karl P. Fryzel,Rebecca Melaas, April 1, 2014
On March 25, 2014, the United States Supreme Court held in United States v. Quality Stores, Inc. that severance payments made to employees who were involuntarily terminated are taxable as wages under the Federal Insurance Contributions Act (“FICA”). United States v. Quality Stores,...
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