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John B. (Jack) Nichols: Lawyer with Butler, Snow, O'Mara, Stevens & Cannada, PLLC

John B. (Jack) Nichols

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Phone(901) 680-7205

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Experience & Credentials
 

Practice Areas

  • Estate Tax Planning
  • Income Tax Planning
  • Historic Rehabilitation Tax Credits
  • Tax Exempt Organizations
  • New Markets Tax Credits
 
University Millsaps College, B.B.A., Accounting, 2001; Millsaps College, M.Accy., 2002
 
Law SchoolUniversity of Mississippi, J.D., cum laude, 2005 Moot Court Board; New York University, LL.M., Taxation, 2006
 
Admitted2006, Mississippi; 2006, Tennessee; U.S. District Courts, Mississippi: Northern and Southern Districts; U.S. Court of Appeals, 5th Circuit
 
Born1979
 
Biography

Distinctions

· Certified Public Accountant, 2007

· Gold Medal Award, highest score on CPA exam in Mississippi

Associations

· American Bar Association
- Taxation Section
- Real Property, Probate and Trust Section
- Young Lawyers Section

· Mississippi Bar Association

· Mississippi Society of Certified Public Accountants

· Tennessee Bar Association
- President-Elect, Taxation Section

· Estate Planning Council of Mississippi

· Memphis Tax Watch

Legal Experience

· Counsel to high net worth families in designing their estate plans and preparing wealth transfer documents to accomplish their goals.

· Counsel to an estate in the U.S. Tax Court to contest the disallowance of a charitable deduction for a post mortem grant of a conservation easement.

· Counsel to an estate at the IRS Appeals Division involving adjustments related to the valuation of family business interests, whether such interests were includible under IRC 2036, and certain gift tax adjustments for transfers to a life insurance trust, among other issues.

· Counsel to an estate at the IRS Appeals Division involving adjustments related to the disallowance of a deduction for a charitable pledge made by the decedent, and whether a negligence penalty should be assessed for a failure to include certain assets in the gross estate.

· Counsel to an estate in the U.S. Tax Court involving adjustments related to the valuation of family owned business interests, including extensive oil and gas properties.

· Counsel to tax-exempt healthcare organization in Meridian, Mississippi with respect to the conversion of a for-profit subsidiary to a tax-exempt organization.

· Counsel to a tax-exempt healthcare organization in Jackson, Mississippi with respect to the conversion of a related for-profit entity to a tax-exempt organization.

· Counsel to a tax-exempt organization entering into a joint venture with a for-profit entity in the development of a retirement community along with other facilities.

· Counsel to Investment Funds and investors in such funds making investments to secure allocation of Mississippi new markets tax credits.

· Counsel to developer in historic rehabilitation tax credits and new markets tax credits financing for historic building restoration in Jackson, Mississippi.

· Counsel to developer in new markets tax credits financing for egg processing facility in rural Iowa.

Papers, Presentations & Publications

· Speaker, Estate Planning in 2012, select clients of financial advisory firm, April 2012.

· Co-Author, "End of Year Tax Planning: Taking Advantage of Expiring Tax Incentives," Planning Notes,October 2011.

· Co-Author, "The Tax Relief Act of 2010: An Overview of Business Incentives," Planning Notes,April 2011.

· Author, "Governor Barbour Signs 'Historic' Legislation,"Planning Notes, March 2011.

· Co-Author, "Planning for Largest Tax Increase in U.S. History," Planning Notes,November 2010.

· Co-Author, "New Law Provides Significant Tax Breaks to Businesses," Planning Notes, September 2010.

· Speaker, New Markets Tax Credits, Memphis Business and Industry Conference, May 2010.

· Author, "Passive Activity Loss Rules: Members in LLC and LLP Are Not Limited Partners," Planning Notes, September 2009.

· Author, "Mississippi Tax Commission to be Reorganized," MSCPA, August 2009.

 
ISLN918917032
 

Documents by this lawyer on Martindale.com

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End of Year Tax Planning: Taking Advantage of Expiring Tax Incentives
Ronald I. Loeb,W. Jeff McGoff,Samantha R. Moore,John B. (Jack) Nichols,Kurt G. Rademacher,Phillip (Seth) Rowland,J. Paul Varner, November 14, 2011
With year end quickly approaching, taxpayers should be aware of expiring federal income tax incentives. This summary highlights several of these tax incentives that expire at the end of this year and ways in which taxpayers can utilize them before they disappear.
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Office Information

John B. (Jack) Nichols
Butler, Snow, O'Mara, Stevens
& Cannada, PLLC

Suite 500, 6075 Poplar Avenue
Memphis, TN 38187-1443




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