Carol J. Mihalic

(303) 292-7805
(303) 292-7799 Fax

Ms. Mihalic, a partner in the Denver office of Kutak Rock LLP, focuses her practice on a wide range of federal and state tax matters. In her representation of leveraged fund lenders, community development entities, tax credit investors, structuring agents and qualified active low-income community businesses, she has provided creative tax solutions to New Market Tax Credit financing issues. Ms. Mihalic advises clients regarding structuring alternatives in transactions with multiple parties at each level of the financing and in combining new market tax credits with tax-exempt bond financing, historic tax credits and state tax credits. Her expertise extends to advising clients on the statutory and regulatory issues associated with pre-funded QEIs, loan modifications, working out distressed or failed NMTC investments, redeploying NMTC funds and exiting transactions at the end of the seven-year NMTC compliance period. In addition to client representation, Ms. Mihalic actively participates in industry efforts to resolve tax and structuring issues in the new markets tax area and regularly speaks at tax credit and related conferences.

Along with having NMTC expertise, she also represents private and public companies, including real estate investment trusts (“REITS”), limited liability companies, partnerships, corporations and pension plans with federal and state income tax planning.

Her representation of REITS includes providing strategic tax advice related to lease and lending transactions, formations, mergers and acquisitions, sale-leasebacks (including a $815.3 million sale-leaseback, which was the largest retail sale-leaseback as of that date), taxable REIT subsidiaries, prohibited transactions and operational compliance with asset, income, distributions and ownership requirements. Ms. Mihalic also renders tax opinions on REIT matters and advises her REIT clients on due diligence issues related to potential transactions.

Ms. Mihalic also provides guidance on compliance issues and restructuring of troubled real estate projects; renders strategic tax advice; and issues tax opinions.

Prior to joining Kutak Rock, she worked as a Manager in the Tax Research and Planning Department for AT&T and was a tax specialist at Deloitte & Touche.

Ms. Mihalic has a Bachelor of Science in Accounting from the University of Denver and a Juris Doctor degree from the University of Denver Sturm College of Law. She also has a Master of Taxation from the University of Denver.