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Loeb & Loeb LLP

901 NEW YORK AVENUE NW, SUITE 300 EAST, WASHINGTON, DC 20001, USA
Tel:
Work +202 618 5000
Fax:
Fax +202 618 5001
Email:
Web:
www.loeb.com

Marcus Owens

Tel:
Work 202.618.5014
Email:
Loeb & Loeb LLP

Work Department

Trusts & Estates

Position

Partner

Career

Marcus Owens represents a broad range of nonprofit organizations, including private foundations, charities, lobbying/political organizations and trade associations. The context has ranged from tax planning, the process of formation and application for exemption, through IRS and state attorney general investigations, including complex audits by IRS Exempt Organizations Financial Investigative Units. Marcus' focus includes executive compensation, excess benefit and self-dealing excise taxes, as well as the impact of digital and social media on tax exempt organizations. His experience also extends to social impact investing and program-related investments. Particular projects have involved the emerging rules for foreign grant making and organizations interested in public policy but concerned with legislative and political activities. Marcus is also a frequent lecturer, writer and commenter on the complex laws affecting exempt organizations.

Prior to entering private practice, Marcus was employed by the Exempt Organizations Division of the Internal Revenue Service and served as the division's director for ten years. In that capacity, he was the chief decision maker regarding design and implementation of federal tax rulings and enforcement programs for exempt organizations, political organizations and tax-exempt bonds. He also served as the IRS's primary liaison with other federal agencies, Congress, and state regulators on exempt organizations issues.

Education

Duke University School of Law, J.D.
Florida State University, B.A.


United States: Tax

Not-for-profit (Fortune 1000 private foundations, and national trade associations and charities)

Within: Leading lawyers

Marcus Owens - Loeb & Loeb LLP

Within: Not-for-profit (Fortune 1000 private foundations, and national trade associations and charities)

Loeb & Loeb LLP has a top quality national practice that provides the full range of advice to non-profit organisations. Of recent note, the team advised Fidelis Care, its corporate members, and the Catholic Dioceses of New York on the $3.3bn sale of Fidelis Care to Centene Corp, the nation's largest Medicaid managed care plan provider; this marked the largest-ever non-profit sale in New York and helped create Mother Cabrini Health Foundation, the state's largest charitable foundation, which the firm continues to advise. The firm also served as examiner's counsel in the Chapter 11 bankruptcy of WonderWork, which was one of the largest non-profit bankruptcies in recent history. New York-based co-chair Jason Lilien and Washington DC-based partner Marcus Owens have both previously held high-ranking government positions; department co-chair Diara Holmes and Los Angeles-based tax expert Leah Bishop are also recommended.

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