Eric Lucas

Eric Lucas is Leo Berwick’s lead advisor for complex tax accounting methods and elections. Eric has nearly 30 years of experience advising clients across all industries on accounting methods issues and IRS controversy matters. He has significant experience in the transactional space advising on tax accounting issues that impact structural planning, transaction cost analysis, due diligence, and post transaction integration and implementation.

Before joining Leo Berwick, Eric led the tax accounting and methods practice of the National Office of a big four firm for 12 years. Eric’s government experience includes the Treasury’s Department’s Office of Tax Policy (Tax Legislative Counsel), the National Office of the IRS Office of Chief Counsel, and the IRS Independent Office of Appeals (Appeals Team Case Leader). While at Treasury, Eric was a key member of the IRS teams that drafted most of the major tax accounting regulatory packages including inventory rules under section 263A and section 472 (LIFO); the “repair” regulations under section 263(a); revenue recognition; depreciation; and certain transactional rules under section 381. More recently, Eric’s practiced has focused on method changes for research and development costs under section 174, interest capitalization planning under sections 266 and 163(j); transactional tax planning and due diligence, tax planning to maximize tax credit values; and the interaction of accounting methods with international tax reform (e.g., BEAT, GILTI, section 861 and others).

Eric advises Leo Berwick through National Tax, a specialty firm that focuses on tax accounting methods and controversy matters.