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Johnston, Allison & Hord, PA

Attorneys in Charlotte, North Carolina

Practices

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Taxation

Tax law is pervasive throughout our daily lives. It is constantly changing and becoming ever more complex as it evolves.

With extensive experience in all facets of federal and state taxation, our team of tax attorneys works adeptly and thoroughly to provide sophisticated tax planning to our corporate, nonprofit, tax exempt, closely held business, executive and high net worth clients.  We coordinate efforts seamlessly with attorneys in other areas of our firm to ensure all aspects of planning and implementation of tax matters are addressed for each client’s exact needs.

We apply our comprehensive knowledge and capability in strategically mitigating the tax burdens for our clients in areas involving mergers and acquisitions, real estate transactions, business tax planning, nonprofit tax planning, employee benefits, business succession planning, wealth transfer planning, charitable planning and state and local taxation.  Additionally, when tax controversies arise we are there to represent adeptly our clients in tax audits, appeals and litigation.

Our highly skilled team members include three attorneys with Masters of Laws degrees in taxation, three Certified Public Accountants, three Fellows of the American College of Trust and Estate Counsel, a Certified Specialist in Taxation and two Certified Specialists in Estate Planning. In addition to providing tax counsel to our clients, group members also frequently publish articles on various tax issues and lecture on current matters to other tax professionals.

Representative Experience

  • Analyzed the sale of a closely-held business to a third party and recommended the structure of the sale to reduce taxes to the company and its owners.  Also guided the company in responding to due diligence requests relating to tax, employee benefits and other matters, and negotiated the tax sections of the purchase agreement, including purchase price allocation, tax representations, warranties and indemnification.
  • Designed the transfer of a closely-held family business to the succeeding generations, structuring a sale which did not yield income taxes and shifted ownership to the next generation without incidence of the gift tax.
  • Represented clients in changing their domicile from North Carolina to Florida in anticipation of the sale of the family’s significant closely-held business.
  • Diminshed client’s income taxes resulting from a like-kind exchange due to the receipt of excess boot by implementing a cost-segregation analysis to take advantage of bonus depreciation available under the then-newly enacted Tax Cuts and Jobs Act.
  • Restructured business from a C corporation to an S corporation so that future cash flow from the business can be distributed to the owners under a flow-through tax structure, avoiding the double tax that applies to C corporation earnings that are paid as dividends as well as the net investment income tax on dividends. 
  • Modified various irrevocable trusts which owned closely-held business interests to allow family members who actively participate in the business to serve as co-trustees. As a result, the trusts were materially participating in the business and avoided the imposition of the net investment income tax, producing annual tax savings in excess of $250,000.

Group Members

  • Micah J. Long
    Micah J. Long

    Attorney

  • S. Kyle Agee
    S. Kyle Agee

    Partner

  • John R. Buben, Jr.
    John R. Buben, Jr.

    Partner

  • Mikail O. Clark
    Mikail O. Clark

    Attorney

  • Jon T. Coffin
    Jon T. Coffin

    Partner

  • Stephen “Steve” P. Gennett, II
    Stephen “Steve” P. Gennett, II

    Partner

  • H. “Morry” Morrison Johnston
    H. “Morry” Morrison Johnston

    Of Counsel

  • David T. Lewis
    David T. Lewis

    Partner

  • Holly B. Norvell
    Holly B. Norvell

    Partner

  • J. Darrell Shealy
    J. Darrell Shealy

    Partner

  • N. “Lucy” Lucille Siler
    N. “Lucy” Lucille Siler

    Partner

  • R. Susanne Todd
    R. Susanne Todd

    Partner

  • Clayton “Clay” R. Williams
    Clayton “Clay” R. Williams

    Attorney

  • View All

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Related Practices

  • Asset Protection Planning
  • Business Succession Planning
  • Business Transactions
  • Charitable Planning and Exempt Organizations
  • Construction
  • Elder Law and Special Needs Planning
  • Employment Practices and Benefits
  • Environmental
  • Estate Administration
  • Fiduciary Litigation
  • Litigation
  • Mergers and Acquisitions
  • Nonprofit Entities and Tax-Exempt Organizations
  • Professional Services
  • Real Estate Advisory Services
  • Rezoning and Land Use
  • Trusts and Estates

Related Industries

  • Automotive
  • Energy
  • Real Estate, Hospitality and Construction
  • Sports and Entertainment

News / Events

  • News January 21, 2021
    Small Business Reorganization Act of 2019: Subchapter V Explained
  • News December 22, 2020
    New Year’s Resolution:
  • Articles November 11, 2020
    Tax Update: Review of the Kaestner Decision
  • Articles November 2, 2020
    Fiduciary Litigation
  • Articles October 28, 2020
    Federal Tax Law Update
  • Articles September 29, 2020
    Benefits of Funding a Revocable Trust in South Carolina
  • Articles September 21, 2020
    Updates in Elder Law and Special Need Planning
  • Articles September 15, 2020
    Nonprofit and Charitable Organizations 2020 Update
  • Articles September 8, 2020
    Spotlight on The SECURE Act
  • News July 9, 2020
    Johnston Allison Hord Attorneys Named in Chambers High Net Worth Guide 2020
  • Articles, News April 21, 2020
    COVID-19 Trusts and Estates Practice Update
  • News April 16, 2020
    Does COVID-19 affect the due date for our benefit plan’s Form 5500 filing?
  • News January 7, 2020
    Business North Carolina Magazine’s 2020 Legal Elite
  • News November 1, 2019
    Johnston Allison Hord recognized by U.S. News and Best Lawyers in ‘Best Law Firms’ rankings
  • News August 15, 2019
    Johnston Allison Hord Attorneys Named in Best Lawyers 2020
  • Articles June 2019
    Lucy Siler Authors Article, Drafting Tax Allocation Provisions for The Will & The Way
  • News May 18, 2019
    Johnston Allison Hord Attorneys Named in Chambers High Net Worth Guide 2019
  • News August 16, 2018
    Johnston Allison Hord Attorneys Named in Best Lawyers 2019
  • News January 5, 2018
    JAH Tax Reform Summary
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