Karl is a member of the Tax, Benefits & Compensation Department and the Private Equity & Venture Capital Group. His practice includes all aspects of tax and business planning for corporations, investment partnerships, limited liability companies and individuals engaged in active 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 2008 in the area of Tax Law. Karl handles the tax aspects of venture capital 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. Notable Experience · Assisted numerous venture capital 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. Recent Speaking Engagements and Publications · "Advising a Massachusetts Business," co-editor, Massachusetts Continuing Legal Education, Inc., First Edition, No. 2120361B00, September 2011. · "The Case for LLC's for Venture Capital Financings," contributor, Venture Capital Review, Issue 27, September 2011. · "Additional Massachusetts Life Sciences Tax Incentives Authorized by 2012 State Budget Bill," co-author, Edwards Angell Palmer & Dodge Client Advisory, September 2011. · "IRS Releases Additional FATCA Guidance," co-author, Edwards Angell Palmer & Dodge Client Advisory, April 2011. · "IRS Announces New Voluntary Disclosure Program for Offshore Bank Accounts," co-author, Edwards Angell Palmer & Dodge Client Advisory, February 2011. · "Therapeutic Discovery Project Tax Credit and Cash Grants of up to $5 million - Application Procedures Released in IRS Notice 2010-45," co-author, Edwards Angell Palmer & Dodge Client Advisory, May 2010. · "Taxation of Carried Interest Legislation Nears Enactment," co-author, Edwards Angell Palmer & Dodge Client Advisory, May 2010. · "Increased Medicare Tax on Wages and Self-Employment Income Over Certain Threshold Amounts & New Medicare Tax on Unearned Income of Individuals, Estates and Trusts," co-author, Edwards Angell Palmer & Dodge Client Advisory, April 2010. · "Economic Substance Doctrine Codified in the Health Care and Education Reconciliation Act of 2010 - Business Transactions Subject to New Standards to Obtain Tax Benefits and Avoid Penalties," co-author, Edwards Angell Palmer & Dodge Client Advisory, March 2010. · "New Requirements for Nonprofit Hospitals under the Patient Protection and Affordable Care Act of 2010," co-author, Edwards Angell Palmer & Dodge Client Advisory, March 2010. · "President Signs HIRE Act - Provides For Business Tax Incentives and New Withholding and Reporting Requirements For Foreign Financial Institutions," co-author, Edwards Angell Palmer & Dodge Client Advisory, March 2010. · "Special Procedure for Filing Delinquent Foreign Bank and Financial Account Reporting Requirements Due September 23, 2009," co-author, Edwards Angell Palmer & Dodge Client Advisory, September 2009. · "New Treasury Guidelines and Application Procedures for the Treasury Cash Grants in Lieu of Renewable Energy Tax Credits," co-author, Edwards Angell Palmer & Dodge Client Advisory, July 2009. · "Foreign Bank and Financial Account Reporting Requirements for June 30, 2009," co-author, Edwards Angell Palmer & Dodge Client Advisory, June 2009. · "Closing in on Taxation of Carried Interest," co-author, Edwards Angell Palmer & Dodge Client Advisory, May 2009. · Speaker, LLCs Demystified presented by MCLE, Boston, Massachusetts, March 16, 2009. · "Business Tax Highlights of the American Recovery and Reinvestment Act of 2009," co-author, Edwards Angell Palmer & Dodge Client Advisory, February 2009. · Speaker, New Proposed Tax Preparer Regulations and Enhanced Circular 2340 Enforcement presented by MCLE, Boston, Massachusetts, November 25, 2008. · "Recent Massachusetts Legislation Provides $250 Million in Tax Incentives for Certified Life Sciences Companies," co-author, Edwards Angell Palmer & Dodge Client Advisory, October 2008. · "Track B - Fund Investment Issues," co-presenter, 6th Annual Private Equity Tax Practices 2007, Boston, Massachusetts, June 19 - 21, 2007. · "Massachusetts Issues Technical Guidance for Film Tax Incentives," co-author, Edwards Angell Palmer & Dodge Client Advisory, July 2006. · "Choice of Entity," presenter, Corporate Practice-MCLE BasicsPlus Series, Boston, Massachusetts, November 19, 2005. · "LLC's Diversified", Chair, Massachusetts Continuing Legal Education, Inc., 2005. · "Current Developments in the Use of Partnerships, LLC's and S Corporations", Chair, Federal Tax Institute of New England, Inc. 2002. · "Advanced LLC Topics", Chair, Massachusetts Continuing Legal Education, Inc., 2002. · "Business Organizations", Massachusetts Continuing Legal Education, Inc., 2005. · "Practical Guide to Organizing a New Business", Massachusetts Continuing Legal Education, Inc., 2004. · "Corporate Practice", Massachusetts Continuing Legal Education, Inc., 2004. · Massachusetts Limited Liability Company Forms and Practice Manual, Data Trace, 1996. News & Publications September 2011, Client Advisory - Additional Massachusetts Life Sciences Tax Incentives Authorized by 2012 State Budget Bill April 2011, Client Advisory - IRS Releases Additional FATCA Guidance April 7, 2011, ACO Update: IRS Issues Guidance on the Participation of Tax-Exempt Organizations in the Medicare Shared Savings Program Through Accountable Care Organizations February 2011, Client Advisory - IRS Announces New Voluntary Disclosure Program for Offshore Bank Accounts October 13, 2010, EAPD Business Law Update - Capital Gains Tax Holiday October 7, 2010, EAPD Attorneys Selected For Inclusion in Super Lawyers 2010 August 10, 2010, Sixty EAPD Attorneys Recognized by the Best Lawyers in America June 1, 2010, EAPD Congratulates Fusepoint, Inc. May 28, 2010, Congratulations to EAPD client, Palladium Equity Partners, LLP on Acquisition May 2010, Client Advisory - Therapeutic Discovery Project Tax Credit and Cash Grants of up to $5 million - Application Procedures Released in IRS Notice 2010-45 April 2010, Therapeutic Discovery Project Tax Credit and Cash Grants April 2010, Client Advisory - Increased Medicare Tax on Wages and Self-Employment Income Over Certain Threshold Amounts & New Medicare Tax on Unearned Income of Individuals, Estates and Trusts March 30, 2010, Client Advisory - Economic Substance Doctrine Codified in the Health Care and Education Reconciliation Act of 2010 - Business Transactions Subject to New Standards to Obtain Tax Benefits and Avoid Penalties March 2010, Client Advisory - New Requirements for Nonprofit Hospitals under the Patient Protection and Affordable Care Act of 2010 March 25, 2010, Client Advisory - President Signs HIRE Act - Provides For Business Tax Incentives and New Withholding and Reporting Requirements For Foreign Financial Institutions March 5, 2010, EAPD Represents ABRY Partners in $1.2 Billion Acquisition of RCN Corporation November 6, 2009, EAPD Attorneys Selected For Inclusion in Super Lawyers 2009 September 2009, Client Advisory - Special Procedure for Filing Delinquent Foreign Bank and Financial Account Reporting Requirements Due September 23, 2009 September 1, 2009, 62 EAPD Attorneys Recognized as Best Lawyers in America 2010 July 2009, Client Advisory - New Treasury Guidelines and Application Procedures for the Treasury Cash Grants in Lieu of Renewable Energy Tax Credits July 10, 2009, Boston's Best Lawyers Recognizes 29 EAPD Attorneys June 2009, Client Advisory - Foreign Bank and Financial Account Reporting Requirements for June 30, 2009 June 22, 2009, EAPD Attorneys Recognized in Super Lawyers 2009 Corporate Counsel Edition May 2009, Client Advisory - Closing in on Taxation of Carried Interest February 2009, Client Advisory - Business Tax Highlights of the American Recovery and Reinvestment Act of 2009 February 4, 2009, 57 EAPD Attorneys Recognized as Best Lawyers in America 2009 October 30, 2008, EAPD Attorneys Named Super Lawyers 2008 October 2008, Client Advisory - Recent Massachusetts Legislation Provides $250 Million in Tax Incentives for Certified Life Sciences Companies July 7, 2008, Edwards Angell Palmer & Dodge Recognized in the American Lawyer June 25, 2008, Attorneys recognized at EAPD's Second Annual Pro Bono Award Reception April 10, 2008, EAPD Represents Takeda Pharmaceutical Company Limited in $8.8 Billion Acquisition of Millennium Pharmaceuticals October 30, 2007, EAPD Attorneys Named Super Lawyers 2007 October 10, 2007, 57 EAPD Attorneys Recognized as Best Lawyers in America 2008 May 3, 2007, Karl Fryzel to serve on Study Commission of Corporate Taxation November 29, 2006, EAPD Serves as Lead Counsel for Mortgage Financing Secured by 2.6 Million Acres of Timberland and Timber, with Purchase Price of $3.16 Billion
Team of 15 Attorneys Serve as Lead Counsel on Deal
Edwards Angell Palmer & Dodge LLP November 1, 2006, Edwards Angell Palmer & Dodge Attorneys Honored as Massachusetts Super Lawyers September 5, 2006, Edwards Angell Palmer & Dodge Attorneys Recognized as "Best Lawyers in America" July 13, 2006, Client Advisory - Massachusetts Issues Technical Guidance for Film Tax Incentives
Edwards Angell Palmer & Dodge LLP August 2, 2005, Karl Fryzel Returns To The Boston Office of Edwards & Angell, LLP Events March 16, 2009, Boston, MA, LLCs Demystified November 25, 2008, Boston, MA, New Proposed Tax Preparer Regulations and Enhanced Circular 2340 Enforcement
Statutory changes and new standards June 19, 2007 - June 21, 2007, Boston, MA, 6th Annual Private Equity Tax Practices 2007 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 nearly 25 years in private practice in Boston, serving most recently as chair of the tax department of another major Boston law firm. Besides Edwards Wildman Karl is active in his community of Winchester, Massachusetts and is currently the Chairman of the Board of Selectmen and a Town Meeting Member. He also has been a member of the Town Finance Committee, serving as Chairman. 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 recently appointed by Governor Deval Patrick of the Commonwealth of Massachusetts to serve on the 15 member Study Commission on Corporate Taxation. Industries · Energy, Infrastructure & Cleantech · Healthcare · Tax-Exempt Organizations · Cable · Broadcasting · Telecommunications · Wireless & Satellite Memberships · American Bar Association - Tax Section · Boston Bar Association - Tax Section · Boston Tax Forum |