Joseph M. Kronsnoble

  • Partner
  • Ejoseph.kronsnoble@lw.com
  • 330 North Wabash Avenue, Suite 2800
  • Chicago, IL 60611
  • USA
  • T +1.312.876.7657
  •  
 

Profile

Joseph Kronsnoble is the Global Chair of the firm's Transactional Tax Practice and has practiced law with the firm since 1991. Mr. Kronsnoble represents public and privately owned companies and buy-out firms in connection with tax-free and taxable mergers and acquisitions, leveraged buyouts, spin-offs, and other transactions, including cross-border investments, dispositions, and combinations. Mr. Kronsnoble also advises US and foreign debtors and creditors in bankruptcy reorganizations and debt restructurings outside of bankruptcy. In addition, Mr. Kronsnoble represents US and foreign issuers and underwriters in stock and debt offerings, securitizations, and other issuances of financial instruments.

Mr. Kronsnoble has represented clients in obtaining private letter rulings from the Internal Revenue Service (IRS). He also represents taxpayers in audit and controversy matters with the IRS and state taxing authorities.

Mr. Kronsnoble is Co-Chair of the Federal Tax Institute Planning Committee. He has written articles for various legal and financial publications and has spoken at tax conferences and to other groups on tax-related topics. Mr. Kronsnoble has been recognized as an Illinois Super Lawyer and as a leading tax lawyer in Chambers USA and The Legal 500 US. He was also named to Turnarounds & Workouts’ 2017, 2019, and 2020 list of Bankruptcy Tax Specialists in the Nation’s Major Law Firms.

Prior to attending law school, he practiced for two years as an accountant with Price Waterhouse in Milwaukee, Wisconsin. He has also been licensed as a certified public accountant in Illinois and a certified financial planner.

Thought Leadership

  • COVID-19: CARES Act Eases Key US Tax Rules, Throwing a Lifeline to Some Businesses – UPDATE  -  April 20, 2020
  • Tax Considerations for Financing and Refinancing Transactions in Turbulent Times -  April 16, 2020
  • Final Section 956 Regulations Open the Door to Foreign Credit Support for US Corporate Borrowers -  June 03, 2019
  • IRS Issues Proposed Regulations on Business Interest Deduction Limitations -  December 19, 2018
  • New Proposed Treasury Regulations May Eliminate Adverse Tax Consequences on Use of Foreign Credit Support for US Corporate Borrowings -  November 05, 2018
  • Cross-Border Financing: Taxpayer Wins on Characterization of Intercompany Debt Transaction -  August 14, 2018
  • US Tax Reform: Key Business Impacts, Illustrated With Charts and Transactional Diagrams -  January 10, 2018
  • US Tax Reform: Opportunities and Challenges for Leveraged Finance -  December 27, 2017
  • Congress Passes Tax Reform Legislation, Implementation Imminent -  December 20, 2017
  • Congressional Tax Reform Proposals: Rethinking Key Business Decisions -  December 02, 2017
  • Tax Reform Update: Administration and Congressional Officials Unveil Framework -  September 28, 2017
  • Tax Reform Update: 4 Issues to Watch as Congress Nears Summer Recess -  July 31, 2017
  • Treasury Gives Taxpayers Extra Year to Meet Related-Party Debt Documentation Requirements; Per Se Equity Rule Unchanged -  July 31, 2017
  • US Tax Court Exempts Gain on Sale of a Partnership Interest -  July 17, 2017
  • Tax Reform – An Update Based on Recent Statements from the Trump Administration  -  April 28, 2017
  • Restructuring Oil and Gas Partnership Debt? Tax Planning Is Key  -  February 16, 2016
  • Implications of Selectica for Next-Generation Poison Pills -  March 30, 2010
  • M&A Commentary - Implications for the Next Generation of Poison Pills: Selectica, Inc. v. Versata Enterprises, Inc. -  March 23, 2010
  • Lessons from the First Triggering of a Modern Poison Pill:
    Selectica, Inc. v. Versata Enterprises, Inc.
     -  March 2009

“An excellent, well-liked attorney”
“Very level-headed, and has a sensible, rational approach”

Chambers USA 2020
Bar Qualification
  • Illinois
Education
  • JD, University of Chicago Law School, 1991
    With Honors
  • MS, University of Wisconsin, 1986
    Highest Honors
  • BBA, University of Wisconsin, 1985
    Highest Honors
Practices
  • Transactional Tax
  • International Tax
  • Tax