Larry Axelrod focuses his practice on corporate tax planning and brings with him more than four decades of experience working on corporate tax issues in areas such as mergers and acquisitions (M&A) and internal restructuring, and with corporations filing consolidated returns. He is widely recognized for his work on consolidated return issues, and is the author of numerous articles and a leading treatise on the subject, “Consolidated Tax Returns,” published by Thomson Reuters® and now in its 4th edition and updated annually.
Larry’s practice encompasses a broad range of corporate tax issues involving corporations, partnerships, and their owners and investors, and he represents taxpayers before the Internal Revenue Service on audits, appeals, and obtaining IRS private letter rulings on transactions.
Prior to joining Morgan Lewis, Larry served for more than a decade in various roles within the Internal Revenue Service (most recently as special counsel to the associate chief counsel, corporate), and spent more than 25 years with Deloitte’s tax group in Washington, DC, where he led the firm’s consolidated return practice.
Larry has served as past chair of the ABA Tax Section’s Committee on Affiliated and Related Corporations, and for 20 years, he conducted a two-day consolidated return seminar for public participants. He has also served on the faculty of Georgetown Law School’s graduate tax program as an adjunct professor. Larry’s many articles on consolidated return issues over the years include “The Supreme Court, Consolidated Returns, and 10-Year Carrybacks,” which was cited in Justice Souter's 2001 opinion in United Dominion Industries, Inc., and his article on consolidated alternative minimum tax that was cited in Judge Cohen's opinion for the Tax Court in State Farm Insurance Co. v. Commissioner. His 1997 article, “Are Consolidated Returns Obsolete,” exploring the differences and similarities between a single-member LLC and a subsidiary in a consolidated group, was among the articles selected for republication by Tax Notes in 2012 to commemorate the magazine's 40th anniversary.
Georgetown University Law Center, LL.M.
University of Southern California, 1975, J.D.
State University of New York at Stony Brook, 1971, B.A.