Michael D. Resnick

Michael D. Resnick: Attorney with Eversheds Sutherland (US) LLP

Biography

Michael Resnick focuses his practice on federal taxation matters, including tax accounting methods and compliance, planning and controversy issues. He regularly counsels clients on the proper tax treatment of costs associated with tangible property, intangible property and corporate transaction costs. He also counsels on tax restructurings and the regulation and taxation of tax-exempt organizations.

Michael also regularly represents clients before the Internal Revenue Service (IRS), including representation at the IRS National Office with private letter rulings and technical advice. He also represents a number of clients in controversy matters before the Examination and Appeals divisions, including matters involving Fast Track Appeals and the Compliance Audit Program.

Multimedia

Videocast: Implications of tax reform on income recognition (April 2, 2018)
The changes made to the Internal Revenue Code by the Tax Cuts and Jobs Act (TCJA) included a number of modifications to the rules associated with income recognition. Although the TCJA codified ...

Videocast: Methods of Accounting: Transaction Costs (June 24, 2015)
In this Bottom Line videocast, Sutherland attorneys Ellen McElroy and Michael Resnick conclude their videocast series on tax accounting with an overview on transactions costs:What is the ...

Videocast: Methods of Accounting: Tangible Property Regulations (June 17, 2015)
In this Bottom Line videocast, Sutherland attorneys Ellen McElroy and Michael Resnick continue their videocast series on tax accounting with an overview on the new tangible property ...

Videocast: Methods of Accounting: New Procedural Guidance for Changes in Methods of Accounting (June 10, 2015)
In this Bottom Line videocast, Sutherland attorneys Ellen McElroy and Michael Resnick continue their videocast series on tax accounting with an overview on new procedural guidance for changes in ...

Videocast: Methods of Accounting: Changes in Methods of Accounting (June 3, 2015)
In this Bottom Line videocast, Sutherland attorneys Ellen McElroy and Michael Resnick continue their series on tax accounting with an overview on changes in methods of accounting:What is a ...

Videocast: Methods of Accounting: A Brief Overview (May 27, 2015)
In this Bottom Line videocast, Sutherland attorneys Ellen McElroy and Michael Resnick launch their series on tax accounting with an overview on methods of accounting:What “is” and “is not” a ...

News

In the News

Tax Reform Adds Value to IRS Accounting Method Changes (June 19, 2018)
Law360
Eversheds Sutherland's legal alert “IRS Releases Updated Automatic Changes in Methods of Accounting List” was republished by Law360.

Deductions Under Revised IRC 162(f): The Interim Guidance (April 16, 2018)
Law360
Eversheds Sutherland legal alert Party to a suit or agreement with respect to actual or potential violations of law?-Take notice: IRS issues transitional reporting guidance, has been republished by ...

Tax Law's Accounting Rules Lack Clear Definitions (March 5, 2018)
Bloomberg BNA - Insight Center
In this interview with Bloomberg BNA, Eversheds Sutherland Associate Michael Resnick discusses the new tax law and the provisions that affect tax accounting.

New Penalty Deduction Restriction Guidance May Delay Reporting (February 19, 2018)
Tax Notes
Eversheds Sutherland attorney Michael Resnick is quoted in this Tax Notes article regarding the Tax Cuts and Jobs Act and guidance for the new limitations on deduction of fines. Specifically, Michael ...

Advance Payments Guidance to Unify Treatments (January 25, 2017)
Tax Notes
Sutherland attorney Michael Resnick is quoted in this Tax Notes article regarding a recent statement by the IRS, which said guidance on the treatment of advance payments under section 451 will be ...

Press Releases

Eversheds Sutherland Represents Shell in Acquiring Minority Interest of US Solar Developer (January 18, 2018)
Eversheds Sutherland (US) LLP is pleased to announce it has represented Shell in the acquisition of a minority interest in Silicon Ranch Corporation, a leading US owner, developer and operator of ...

Presentations

2018 TEI Region II Tax Forum (June 4-5, 2018)
Eversheds Sutherland is a proud co-sponsor of the 2018 TEI Region II Tax Forum taking place June 4-5, 2018, at the Borgata Hotel in Atlantic City, New Jersey. The Tax Forum will include four plenary ...

Section of Taxation Midyear Meeting (February 8-10, 2018)
American Bar Association (ABA)
Eversheds Sutherland (US) attorneys Tom Cullinan and Michael Resnick present at the ABA Tax Section 2018 Midyear Meeting on February 8-10, 2018, in San Diego, California. Details of their ...

Tax Accounting - Current Developments (September 14-16, 2017)
American Bar Association (ABA)
Eversheds Sutherland (US) Associate Michael Resnick moderates the panel, “Tax Accounting - Current Developments,” at the American Bar Association 2017 Joint Fall CLE Meeting on September 14-16, 2017, ...

Accounting Methods, Income Recognition, Expense Recognition and Capitalization Considerations (April 24, 2017)
TEI 2017 Federal Tax Course
Eversheds Sutherland (US) Partner Ellen McElroy and attorneys Mike Resnick and Caroline Reaves present, “Accounting Methods, Income Recognition, Expense Recognition and Capitalization Considerations” ...

Accounting for Advance Payments Update (January 20, 2017)
American Bar Association (ABA) Tax Section 2017 Midyear Meeting
Sutherland attorney Mike Resnick presents “Accounting for Advance Payments Update” at the ABA Tax Section 2017 Midyear Meeting on January 20, 2017, in Orlando, Florida.

Tax Accounting Issues: Methods, Periods, and Hot Topics (April 25, 2016)
TEI Federal Tax Course - Level 1
Sutherland attorneys Ellen McElroy and Michael Resnick present “Tax Accounting Issues: Methods, Periods, and Hot Topics” at the TEI Federal Tax Course on April 25, 2016 in East Lansing, Michigan.

Publications

Legal Alerts

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 ...

Legal Alert: IRS appears to walk back disregard of certain accounting method changes in proposed section 965 regulations-does it make a difference? (August 6, 2018)
On August 1, 2018, the Department of Treasury and the Internal Revenue Service (IRS) issued proposed regulations implementing section 965 of the Internal Revenue Code (Code) (referred to as the ...

Legal Alert: Think twice before deducting success-based fees-new Chief Counsel Advice denies deduction of success-based fee due to lack of documentation (August 1, 2018)
On June 21, 2018, the Internal Revenue Service (IRS) issued Chief Counsel Advice (CCA) 2018-30-011, which disallowed a taxpayer’s deduction of a portion of a success-based fee incurred in a corporate ...

Legal Alert: IRS rules that a method of reflecting a federal income tax settlement in ratemaking violated the consistency rule of normalization (July 17, 2018)
In PLR 201828010, the Internal Revenue Service (IRS) considered the proper ratemaking treatment for reflecting the results of a federal income tax settlement. The taxpayer was a member of an ...

Legal Alert: LB&I adds new campaigns on virtual currency and transition tax (July 10, 2018)
On July 2, 2018, the Large Business and International (LB&I) Division of the Internal Revenue Service (IRS) announced five new compliance campaigns, including campaigns relating to virtual currency ...

Legal Alert: The long-awaited “solar beginning of construction notice”-Notice 2018-59 provides guidance for solar and other section 48 ITC-eligible facilities (June 27, 2018)
On June 22, 2018, the Internal Revenue Service (IRS) issued much-anticipated guidance to help developers of, and other industry participants in, solar, qualified fuel cell, qualified microturbine, ...

Legal Alert: IRS releases 2018 section 45 production tax credit amounts (June 25, 2018)
The Internal Revenue Service (IRS) recently published Revenue Procedure 2018-50, which provides the inflation-adjustment factors and reference prices to be used in the calculation of renewable energy ...

Legal Alert: Missed opportunity-IRS releases narrow guidance for taxpayers seeking to correct accounting methods subsequent to ASC 606 implementation (May 22, 2018)
On May 10, 2018, the Internal Revenue Service (IRS) issued Rev. Proc. 2018-29, 2018-21 I.R.B. 1, which provides automatic accounting method change procedures for taxpayers seeking to align methods of ...

Legal Alert: IRS releases updated automatic changes in methods of accounting list (May 18, 2018)
On May 10, 2018, the Internal Revenue Service (IRS) released Rev. Proc. 2018-31, which provides an updated list of automatic changes in methods of accounting. As was the case with its predecessor, ...

Legal Alert: Much ado about nothing-IRS provides advance payments guidance with release of Notice 2018-35 (April 13, 2018)
On April 12, 2018, the Treasury Department and the Internal Revenue Service (IRS) issued Notice 2018-35 (Notice) that provides transitional guidance relating to advance payments under Rev. Proc. ...

Articles

Heads IRS Wins, Tails Taxpayers Lose In Section 965 Notice (July 2, 2018)
Law360
In their article for Law360, Eversheds Sutherland attorneys Ellen McElroy, Michael Resnick and Danielle Lowe breakdown the US Department of the Treasury and the Internal Revenue Service recently ...

Non-tax lawyer’s guide to the Tax Cuts and Jobs Act (Summer 2018)
Partnering Perspectives
On December 22, 2017, the largest overhaul of the nation’s tax code since 1986 was signed into law. While the reduction in the corporate income tax rate grabbed most of the headlines, in their ...

Tax Planning in the Age of Tax Reform: Part 3 (March 16, 2018)
Law360
The Tax Cuts and Jobs Act (TCJA) presents both challenges and opportunities. Companies face immediate hurdles implementing the law without administrative guidance. But the combination of expiring ...

Tax Planning in the Age of Tax Reform: Part 2 (March 15, 2018)
Law360
The Tax Cuts and Jobs Act (TCJA) presents both challenges and opportunities. Companies face immediate hurdles implementing the law without administrative guidance. But the combination of expiring ...

Tax Planning in the Age of Tax Reform: Part 1 (March 14, 2018)
Law360
The Tax Cuts and Jobs Act (TCJA) presents both challenges and opportunities. Companies face immediate hurdles implementing the law without administrative guidance. But the combination of expiring ...

IRS Again Lends a Hand in Navigating the Murky Waters of Bonus Depreciation (May 11, 2017)
AccountingWEB
In a new private letter ruling (PLR 201709007), the IRS gave a company additional time to claim bonus depreciation, which allows a business to take an immediate first-year deduction of 50 percent on ...

Newsletters

Partnering Perspectives: Insights from Inside and Outside the Corporate Law Department (Summer 2018)
We are pleased to present the Summer 2018 edition of Partnering Perspectives, which focuses on a number of developing legal issues as well as offers insight on the value to clients of partnering with ...

Areas of Practice (2)

  • Tax
  • Federal Tax

Education & Credentials

Contact Information:
202.383.0965  Phone
www.eversheds-sutherland.com
University Attended:
Chestnut Hill College, M.Ed.; University of Virginia, B.A.
Law School Attended:
Temple University James E. Beasley School of Law, J.D., cum laude; Member, Temple Political & Civil Rights Law Review; Georgetown University Law Center, LL.M., Taxation, with distinction
Admission:
District of Columbia; Virginia
ISLN:
923118401

Peer Reviews

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

Client Reviews

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Disclaimer

Documents (18)

Documents by this lawyer on Martindale.com

Washington, District of Columbia

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