Wes Sheumaker

Wes Sheumaker: Attorney with Eversheds Sutherland (US) LLP

Biography

Wes serves clients in federal income tax matters, including domestic and international tax planning and transactional matters involving partnerships, limited liability companies and corporations. He advises publicly traded and private corporations, including S corporations, in both taxable and nontaxable mergers and acquisitions. In addition, Wes represents businesses and individuals in federal tax controversies, defending them in IRS audits and matters before the IRS Office of Appeals and the U.S. Tax Court.

Wes previously served as an adjunct professor at Georgia State University College of Law, where he taught a course on Business Taxation.

Selected Experience

Represented an investment fund in the purchase of membership interest in an optometry business.
Advises a multistate medical cannabis operator on raising private capital, secondary sales of equity interests, acquisitions and Canadian SPAC financing, and provides tax, benefits and general corporate advice.

Publications

“The tax laws are constantly changing, particularly in the current economic and legislative environment. At Eversheds Sutherland (US), we strive to keep clients informed of the latest developments that may impact their businesses.”

Legal Alerts

Legal Alert: A new deduction for the new economy- Section 199A for modern entrepreneurs (April 12, 2019)
Bloomberg Tax: Daily Tax Report
Section 199A of the Internal Revenue Code, which was enacted as part of the Tax Cuts and Jobs Act, created a new 20% tax deduction on the qualified business income of business owners who conduct ...

Legal Alert: The Last Piece of the Puzzle-the Section 250 Proposed Regulations (March 12, 2019)
Public Law 115-97 (the Tax Cuts and Jobs Act) added a new foreign income inclusion rule for global intangible low-taxed income (GILTI) under section 951A. The Tax Cuts and Jobs Act also added section ...

Legal Alert: And the BEAT goes on - proposed regulations clarify the application of the base-erosion and anti-abuse tax (December 20, 2018)
On December 13, 2018, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations under section 59A of the Internal Revenue Code of 1986, as amended, ...

Legal Alert: Proposed 163(j) regulations provide needed guidance to utilities (December 7, 2018)
On November 26, 2018, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued much-anticipated proposed regulations (Proposed Regulations) under section 163(j) of the ...

Legal Alert: House bill proposes tax credit extensions for renewable energy, biodiesel and alternative fuels and other energy tax provisions (November 30, 2018)
On November 26, the House of Representatives released a tax bill (Extenders Bill) that, if enacted, would extend certain tax credits for the renewable energy and alternative fuels industries and ...

Legal Alert: INXS? IRS issues proposed regulations under section 163(j) (November 29, 2018)
On November 26, 2018, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (Proposed Regulations) under section 163(j) of the Internal Revenue ...

Legal Alert: IRS tells utility not to count its (deferred tax) chickens before they hatch (October 24, 2018)
The affiliated group of which a taxpayer-utility was a wholly owned subsidiary filed tax returns on which it did not claim bonus depreciation since the availability of bonus depreciation had ...

Legal Alert: What you need to know about investing in opportunity zones (October 24, 2018)
As part of the Tax Cuts and Jobs Act of 2017, Congress enacted sections 1400Z-1 and 1400Z-2 of the Internal Revenue Code, which were intended to promote investments in low-income communities ...

Legal Alert: Opportunity zones offer tax incentives to investors (August 30, 2018)
As part of the Tax Cuts and Jobs Act of 2017 (the TCJA), Congress added new rules to the Internal Revenue Code intended to promote investments in low-income communities designated as “qualified ...

Legal Alert: The more things change the more things remain the same-temporary guidance regarding bonus depreciation rules under section 168(k) (August 8, 2018)
Last year, the federal government enacted the most substantial tax reform legislation since 1986 in Public Law 115-97, commonly referred to as the Tax Cuts and Jobs Act of 2017 (TCJA). Of the many ...

Articles

Unpacking The New Temporary Rules For Bonus Depreciation (September 12, 2018)
Law360
Last year, the federal government enacted the most substantial tax reform legislation since 1986, commonly referred to as the Tax Cuts and Jobs Act of 2017. Of the many business-friendly changes, the ...

When It’s Broke, Fix It! It’s Time for TEFRA Reform (August 13, 2012)
Tax Notes

You Can't Spell Subchapter C Without E&P: Proposed Treasury Regulations Clarify The Rules Concerning The Allocation Of Earnings And Profits In Tax-Free Transfers (2012)
Bloomberg BNA Tax and Accounting Center
Some practitioners have concluded that earnings and profits of an acquired corporation may be allocated between multiple corporations following a reorganization and a related contribution of less ...

A Secret No More: Final Treasury Regulations Amend the Controlled Group Deferred Loss 'Supersecret Rule' (2012)
Bloomberg BNA Tax and Accounting Center
Nearly a year after issuing proposed regulations that aimed to modify the so-called supersecret rule of Treas. Reg. 1.267(f)-1(c)(1)(iv) (the Proposed Regulations), Treasury and the Internal ...

Newsletters

Eversheds Sutherland Global Tax Brief (December 2017)
The Eversheds Sutherland Global Tax Brief is a collection of tax developments from our attorneys across the globe. We hope you enjoy this issue of the Brief and look forward to sharing more updates ...

Eversheds Sutherland Global Tax Brief (July 2017)
The Eversheds Sutherland Global Tax Brief is a collection of tax developments from our attorneys across the globe. We hope you enjoy this issue of the Brief and look forward to sharing more updates ...

Eversheds Sutherland Global Tax Digest (March 2017)
Introducing the Eversheds Sutherland Global Tax Digest-a collection of tax developments from our attorneys across the globe. With the combination of Eversheds and Sutherland came expanded ...

Presentations

“I enjoy speaking on federal income tax issues, particularly issues involving partnerships, limited liability companies and other pass-through entities.”

Presentations

Recent Developments Affecting the Taxation of Subchapter S Corporations and their Shareholders (December 5, 2018)
Tax Executives Institute (TEI)
Eversheds Sutherland (US) Partner Wes Sheumaker presents Recent Developments Affecting the Taxation of Subchapter S Corporations and their Shareholders at the TEI 2018 Pass-through Taxation Seminar ...

FBA Presentation on Proposed Bonus Depreciation Regulations under Section 168(k) (August 21, 2018)
Join lawyers from Eversheds Sutherland and the IRS and Treasury staff responsible for the recently released guidance on bonus depreciation rules under section 168(k). The discussion will include a ...

Partnership Audit Rules (June 21, 2018)
Georgia Society of CPAs
Eversheds Sutherland (US) Partner Wes Sheumaker presents, “Partnership Audit Rules,” at Georgia Society of CPAs’ Real Estate Conference on June 21, 2018, in Atlanta, Georgia.

Navigating the TEFRA Repeal and the Newly Enacted Partnership Audit Procedures (February 17, 2017)
North Atlanta Tax Council (NATC)
Eversheds Sutherland (US) Partners Tom Cullinan and Wes Sheumaker present, “Navigating TEFRA Repeal and the Newly Enacted Partnership Audit Procedures” at the North Atlanta Tax Council (NATC) Monthly ...

Houston Tax Roundtable (September 12, 2016)
Sutherland hosts and leads a Tax Roundtable on September 12, 2016, in Houston, Texas. The discussion involves recent tax developments including the new partnership audit and 385 regulations and their ...

Deciphering Tax Allocation Provisions in Partnership and LLC Agreements (June 10, 2016)
The Georgia Society of CPAs
Sutherland Partner Wes Sheumaker presents Deciphering Tax Allocation Provisions in Partnership and LLC Agreements at the Georgia Federal Tax Conference on June 10, 2016, in Atlanta, Georgia.

Impact of the New Partnership Audit Rules on the Energy Industry (February 17, 2016)
ACC Legal Quick Hit
Sutherland Partners Wes Sheumaker and David Roby present “Impact of the New Partnership Audit Rules on the Energy Industry” during a Legal Quick Hit hosted by the ACC on February 17, 2016.

Quick Call: Impact of Proposed IRS Regulations on Fee Waiver Arrangements (September 18, 2015)
On July 22, 2015, the Internal Revenue Services (IRS) issued proposed regulations that would deny favorable tax treatment to certain fee waiver arrangements frequently employed by fund managers. The ...

Noteworthy Developments in Federal Tax Controversy (April 30, 2013)
Sutherland Tax Education Series X
Sutherland attorneys Thomas A. Cullinan, Jonathan A. Feldman, Daniel R. McKeithen, Daniel H. Schleuter, Madison J. Barnett and Wes Sheumaker will present at the Tax Education Series X on April 30, ...

Federal Tax Legislative Update (December 20, 2012)
Sutherland In-House Tax Training for an Atlanta-Based Fortune 100 Company

News

In the News

Focus at IRS Hearing Turns to Getting Interest Regulation Exceptions (February 28, 2019)
Tax Notes
Eversheds Sutherland Partner Wes Sheumaker is quoted in this Tax Notes article discussing recent requests for the IRS and Treasury to clarify exceptions to the proposed business interest regulations, ...

Bonus Depreciation Regulations Bedeviling IRS, Officials Say (August 21, 2018)
Law360
Eversheds Sutherland Partner Wes Sheumaker is quoted in this Law360 article discussing recently released guidance on the proposed bonus depreciation rules under section 168(k). During a panel ...

Two Ways Tax Reform Impacts Pass-Through Entities and Owners (February 26, 2018)
Law360
Eversheds Sutherland’s videocast regarding the tax reform bill and numerous provisions affecting pass-through entities and their owners is featured in Law360. In this video, Eversheds Sutherland ...

House’s Complex Pass-Through Tax Plan Expected to Fizzle (December 5, 2017)
Law360
Eversheds Sutherland Partner Wes Sheumaker is quoted in this Law360 article regarding the different proposals from the House and Senate for taxing pass-through enterprises. More specifically, the ...

A Step in the Right Direction: IRS Rules on North-South Spinoffs (September 2017)
Lexis Federal Tax Journal Quarterly
Eversheds Sutherland’s legal alert, A Step in the Right Direction: IRS Rules on North-South Spinoffs, is featured in the September 2017 edition of Lexis Federal Tax Journal Quarterly.

A ‘Seismic Shift’ in the Partnership Audit Rules (October 18, 2016)
Accounting Today
Sutherland Partner Wes Sheumaker is quoted in this Accounting Today article regarding the new regulations that will be replacing the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) ...

Law360 Names Attys Who Moved Up The Firm Ranks In Q1 (April 22, 2016)
Law360
In this article, Law360 features attorneys whose commitment to excellence resulted in their move up in the law firm leadership ranks during the first quarter of 2016. Cynthia Beyea, David McCullough, ...

Sutherland Names Seven New Partners (March 24, 2016)
The American Lawyer
Cynthia Beyea, David McCullough, Brian Murphy, Brennan Posner, Meghana Shah, Wes Sheumaker and Maria Todorova were mentioned in an article by The American Lawyer for being elected partner, effective ...

Moves and Appointments (January 6, 2016)
Tax Notes Today
Wes Sheumaker is featured in the Tax Notes Today “Moves and Appointments” section for being promoted to partner at Sutherland. Wes serves clients in federal income tax matters, including domestic and ...

Taxation with Representation: Latham, Cravath, Sutherland (September 25, 2015)
Law360
Sutherland is mentioned in this Law360 article regarding their representation of ConEdison Development in its acquisition of a 50% interest in the planned construction of a 240-MW AC Panoche Valley ...

Press Releases

Eversheds Sutherland Launches Cannabis Industry Team to Help Clients Navigate Changing Industry, Pursue Opportunities (April 10, 2019)
Eversheds Sutherland is pleased to announce the formation of a cross-practice Cannabis Industry Team, designed to bring greater legal operational certainty and insight to businesses operating in this ...

Eversheds Sutherland Represents Cox Enterprises in Sale of Majority Stake in Cox Media Group Television Stations to Apollo Global Management (March 5, 2019)
Eversheds Sutherland is pleased to announce that it represented Cox Enterprises on their agreement with funds managed by Apollo Global Management, LLC (Apollo) to buy a majority interest in Cox Media ...

Sutherland Elects Seven New Partners (January 4, 2016)
ATLANTA, NEW YORK and WASHINGTON-Sutherland Asbill & Brennan LLP is pleased to announce the election of seven new partners, effective January 1, 2016. “I am honored to welcome our colleagues into the ...

Sutherland Represents ConEdison Development in Acquiring 50% Stake of a 240-MW AC California Solar Farm (September 22, 2015)
ATLANTA-Sutherland Asbill & Brennan LLP is pleased to announce that the firm represented ConEdison Development (CED) in its acquisition of a 50% interest in the planned construction of a 240-MW AC ...

Sutherland Elects Five New Counsel (February 26, 2014)
ATLANTA, HOUSTON, SACRAMENTO, Calif., and WASHINGTON-Sutherland Asbill & Brennan LLP is pleased to announce the election of five new counsel, effective January 1, 2014. “Each of these lawyers ...

Areas of Practice (5)

  • Federal Tax
  • International Tax
  • Tax
  • Tax Controversy & Litigation
  • Cannabis

Education & Credentials

Contact Information:
University Attended:
University of Georgia, B.B.A.; University of Georgia, M.Acc.
Law School Attended:
University of Mississippi School of Law, J.D., cum laude, Editorial Staff, Mississippi Law Journal; New York University School of Law, LL.M., Taxation
Year of First Admission:
2004
Admission:
2004, Georgia
Birth Information:
1978
ISLN:
918304436

Peer Reviews

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*Peer Reviews provided before April 15, 2008 are not displayed.

Documents (11)

Documents by this lawyer on Martindale.com

Atlanta, Georgia

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