Danny McKeithen is a member of Sutherland's Tax Practice Group and works in the areas of federal and state tax planning and tax controversies. His practice focuses on corporate income tax issues, including those associated with both taxable and tax-free mergers and acquisitions, liquidations and spin-offs, and other distributions. Danny has worked extensively with the rules concerning the carryover and utilization of net operating losses and other tax attributes, the special tax rules applicable to bankruptcy and out-of-court workout situations, and the complicated issues that arise in transactions among affiliated and related parties. He also works closely with various financial institutions on problems that arise under special provisions of the law applicable to such taxpayers.
Danny advises numerous closely held businesses that have elected S corporation status on the intricacies of these rules. He also has extensive background and experience counseling real estate investment trusts (REITs), including clients on the leading edge of the use of these structures in the timber and forest products industry. Further, Danny regularly advises clients dealing with various tax accounting concerns, including situations involving below-market loans, imputed interest, and the Tax Code's time value of money provisions.
Professional Honors and Awards
· Named to The Best Lawyers in America in the areas of litigation & controversy - tax (2012), tax law (2008-2012), and timber law (2008-2012)
· Selected for inclusion in Georgia Super Lawyers® (2004-2006)
Professional and Community Involvement
· Member, Committee on Corporate Tax, Taxation Section, American Bar Association
Recent Publications
· Author, "Creating a Legacy: Planning Opportunities for the Forest Family," Forest Landowners (July/August 2005)
Industries
Timber and Forest Products
News
Sutherland and Bowles Rice Achieve Victory in West Virginia Supreme Court In Business Franchise Tax Case
November 19, 2010
Sutherland Represents The Forestland Group in $465 Million Acquisition of Anderson-Tully Company
10/31/2005
Legal Alerts
Legal Alert: Proposed Section 892 Regulations Provide Relief From the "All or Nothing" Rule and Permit SWF Limited Partners to Avoid Commercial Activity Attribution
November 8, 2011
Legal Alert: Much Anticipated Guidance Concerning the Federal Tax Classification of Series Issued
September 15, 2010
Legal Alert: Amendments to the Investment Advisers Act Custody Rule Will Impact Registered Timberland Investment Managers
January 11, 2010
Legal Alert: "Extenders" Legislation to Change the Taxation of Carried Interests
December 9, 2009
Legal Alert: First IRS Guidance Under Subpart F on U.S. Tax Treatment of Gain From the Sale of Surplus CO2 Emissions Allowances
June 25, 2008
Legal Alert: Congress Includes TREE Act in Farm Bill - Temporarily Cuts Corporate Tax Rate on Timber Gains and Loosens Timber REIT Rules
June 6, 2008
Publications
Creating a Legacy: Planning Opportunities for the Forest Family
July/August 2005 Posted with permission from Forest Landowners
Events
Tax Education Series: IRS Changes to Uncertain Tax Position Reporting Webinar
October 5, 2010
Tax Education Series: IRS Changes to Uncertain Tax Position Reporting
October 1, 2010
Sutherland Tax Education Series VIII
June 16, 2010