Lynn Edward Kenner is a tax attorney with over 35 years of corporate tax experienced who has specialized in New York sales tax for the last 15 years. Lynn has a BBA from CCNY and has a law degree and masters in tax law from NYU. Prior to starting his own practice in 1996, Lynn had been an “in house” tax lawyer for major corporations. Lynn’s last corporate post was vice president of taxes for TWA from 1984 to 1996.
Sales tax is a tax on the gross purchase price of taxable items. Most purchasers assume that if there is no tax on the invoice, the purchase is not taxable. Unfortunately, most people and companies do not understand what is, or is not, taxable. Sadly, many vendors don’t know the rules and play it safe by taxing everything they sell. Even worse, many purchasers do not realize they are subject to tax, penalties and interest if they have purchased a taxable item on which tax was not paid.
Lynn has specialized in minimizing sales tax paid by purchasers and obtained numerous refunds of overpaid sales tax. He will also advise potential clients of possible tax exposures and how they can be minimized. Lynn has obtained a number of sales tax refunds in the 7 figures as well as many in the low to middle 6 figures. Lynn is personally responsible for litigating and overturning a number of sales tax regulations that had been in place for over 25 years, generating significant tax refunds for his clients.
Before accepting an engagement, Lynn will typically review a potential client’s purchases and sales to determine any potential refunds or liabilities and determine what retroactive and prospective corrective actions can be taken. Actions that may be suggested include seeking refunds and/ or instituting guidelines for use by both the accounts payable and receivable functions to minimize both tax payments and potential liabilities. If the review indicates that a refund application is appropriate, Lynn will discuss the issue, the potential amount of the refund and whether there is any risk in seeking it.
Lynn recognizes that the client knows what can and cannot be done from a practical business perspective and works with the client. Lynn works on either a contingent or hourly fee basis and will structures his fee arrangement so that it is appropriate for the engagement.