Richard C. LaFalce counsels clients on the creation and taxation of private and pooled investment vehicles such as mutual funds, REITs, ETFs, hedge funds, Opportunity Zone Funds, and other investment-related entities. He frequently advises clients on the taxation of financial products, general corporate and international tax matters, and UBIT. Before joining Morgan Lewis, Rich was an assistant branch chief in the Internal Revenue Service Office of Chief Counsel, Financial Institutions and Products.
Rich advises clients on general corporate tax matters, the taxation of financial products, unrelated business taxable income (UBTI), information reporting, and international tax planning. He also counsels companies on international tax issues including compliance with the Foreign Account Tax Compliance Act (FATCA) and the Foreign Investment in Real Property Tax Act (FIRPTA).
Rich frequently assists clients in their interactions with the IRS including obtaining Private Letter Rulings and other guidance.
A frequent speaker, Rich presents on a variety of tax topics at the American Bar Association’s Tax Section meetings, and for the Federal Bar Association, District of Columbia Bar Association, and the Practicing Law Institute.
College of William & Mary, 2001, B.A.
The George Washington University Law School, 2005, J.D., With Honors
District of Columbia
U.S. Tax Court
Awards and Affiliations
Member, ETF Law Firm of the Year, ETF.com (2019)
Member, Best ETF Legal & Compliance Firm, ETFexpress (2019)
Member, Practice Group of the Year, Tax, Law360 (2017)
Chair, American Bar Association, Section of Taxation, Investment Management Committee