Taxing Your LLC as an S Corporation – Thinking it Through
March 10, 2020
You’re about to start a business, or perhaps you have an existing business organized as a limited liability company (“LLC”).
Through his years of experience representing companies of all sizes at a large international law firm, TJ Wilkinson developed a keen business acumen that helps him view transactions holistically, allowing him to guide clients’ day-to-day decisions from a broad perspective and promote the overall financial health of their enterprise. Working with clients across industries, ranging from startups to mature businesses, TJ applies his depth of knowledge in taxation and his comprehensive business savvy to develop creative strategies that help clients achieve their goals.
TJ provides clients with insight into the potential federal income tax consequences of their business transactions, and he helps them to structure tax-efficient deals that maximize value. He advises on matters relating to mergers, acquisitions, divestitures, entity formation, licensing arrangements, private equity investments, capital structure, financing, leasing transactions and implications of the Tax Cuts and Jobs Act.
Clients appreciate that TJ draws from his background in software development to provide informed perspective and thoughtful guidance on the value and impact of technology on their business and that, by using time-saving productivity technology in his own practice, he delivers efficient results.
TJ earned degrees from Harvard University (A.B.), Columbia Law School (J.D.) and New York University School of Law (LL.M.). He is an active member of the American Bar Association.
Professional & Community Affiliations
- American Bar Association, Member
Seminars and Speaking Engagements
- Webinar: Tax Credits & Savings Opportunities Triggered by COVID-19
- Webinar: Qualified Disaster Relief Payments under IRS Section 139…how they can help your Employees
Publications
Can’t Make Payroll? Don’t Step Into a Section 409A Issue
January 9, 2020
With some foresight, companies can creatively structure compensation that avoids running afoul of Section 409A, better match their finances and cash flow and retain top talent.
The Effects of Tax Reform: Time to Incorporate?
June 5, 2019
Every new business has to face the same question: what kind of legal entity should be formed? This issue, commonly […]
Seminars & Speaking Engagements
Seminars and Speaking Engagements
- Webinar: Tax Credits & Savings Opportunities Triggered by COVID-19
- Webinar: Qualified Disaster Relief Payments under IRS Section 139…how they can help your Employees
News & Events
Tax Alert – What To Do If You Missed Filing Your 83(b) Election
February 26, 2021
“Did you file your 83(b)?”
If the answer is no, and it should have been yes, an array of unwanted consequences may already be in process. But all hope may not be lost!
IRS Releases Guidance regarding PPP Loan Forgiveness
January 11, 2021
The CARES Act was amended at the end of 2020 to provide further tax benefits to taxpayers who received PPP loans.
Section 139 and COVID-19: Getting the Most Bang for Your Employee Assistance Buck
May 8, 2020
COVID-19. It goes without saying that its impact has been unprecedented and many are scrambling to navigate the new normal. For employers who are looking to support employees, even amidst cost-cutting, there is a little-known provision of the tax law, enacted in the wake of the September 11th attacks, that was switched on when the President officially declared the coronavirus pandemic to be a national disaster.
IRS Provides Updated Guidance on Employee Retention Credit
May 7, 2020
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) included a provision under which employers that suffered economic hardship related to COVID-19 can take a tax credit for 50% of payroll costs of its employees.
Recording: Webinar: Tax Credits & Savings Opportunities Triggered by COVID-19
April 24, 2020
Shulman Rogers Tax attorneys, Robert Canter and TJ Wilkinson, recently joined Kyle Wade and Amy Miller of Payroll Network to present a webinar: Tax Credits & Savings Opportunities Triggered by COVID-19.
Webinar: Qualified Disaster Relief Payments under IRS Section 139…how they can help your Employees
April 20, 2020
Join The Capital Group for a Webinar: Qualified Disaster Relief Payments under IRS Section 139…how they can help your Employees
IRS Provides Concrete Guidance on How Employers Can Claim FFCRA Tax Credits: How to Claim, and What Records to Keep
April 7, 2020
The IRS published some much anticipated (and much needed) concrete guidance for employers, providing detail on how to be reimbursed for the costs of Families First Coronavirus Response Act (“FFCRA”) paid leave through payroll tax credits.
Sweeping Tax Relief Provisions included in the CARES Act (Individual Provisions)
April 1, 2020
In an effort to help businesses and individuals weather the economic storm created by the coronavirus shutdowns, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which Congress passed and the President signed on March 27, included many provisions easing restrictions imposed by the Internal Revenue Code. Key changes relating to Individual taxpayers are highlighted below. Changes oriented toward businesses have been covered in a separate Alert.
COVID-19 Relief Alert (updated) — Families First Coronavirus Response Act: Using Withheld Payroll Taxes To Pay For COVID-19 Employee Paid Leave
March 31, 2020
Please note that this alert was updated on March 31, 2020, and reflects additional information provided by the Department of Labor on or about March 26, 2020.BackgroundOn March 18, 2020, the Families First Coronavirus Response Act (the “Act”) was signed into law, providing paid sick leave and family and medical leave for employees affected by COVID-19.
Sweeping Tax Relief Provisions included in the CARES Act (Business Provisions)
March 31, 2020
In an effort to help businesses and individuals weather the economic storm created by the coronavirus shutdowns, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which Congress passed and the President signed on March 27, included many provisions easing restrictions imposed by the Internal Revenue Code. Key Changes relating to businesses are highlighted below.
IRS Announces People First Initiative – Welcome Relief for Delinquent Taxpayers
March 27, 2020
For taxpayers who are delinquent in their tax payments, the IRS is a feared institution. Through levies on bank accounts, payroll earnings and receivables, the IRS has powerful forced collection tools.
COVID-19 Tax Relief: IRS Extends Tax Payment and Filing Deadlines; Some States Grant Tax Relief (UPDATED)
March 24, 2020
In IRS Notice 2020-17, the IRS released a measure of positive news for all taxpayers whose tax payment would normally be due on April 15, 2020: the deadline to pay taxes is extended by 3 months to July 15, 2020. While details are still forthcoming, a few days later Treasury Secretary Steven Mnuchin announced that the filing deadline would be moved to July 15th as well.
Taxing Your LLC as an S Corporation – Thinking it Through
March 10, 2020
You’re about to start a business, or perhaps you have an existing business organized as a limited liability company (“LLC”).
Can’t Make Payroll? Don’t Step Into a Section 409A Issue
January 9, 2020
With some foresight, companies can creatively structure compensation that avoids running afoul of Section 409A, better match their finances and cash flow and retain top talent.
TJ Wilkinson to Moderate Panel Discussion With Harvard Real Estate Alumni Organization
October 7, 2019
TJ Wilkinson will moderate a panel discussion on trends in real estate technology and potential market shifts with Harvard Real Estate Alumni Organization, Goulston & Storrs PC.
The Effects of Tax Reform: Time to Incorporate?
June 5, 2019
Every new business has to face the same question: what kind of legal entity should be formed? This issue, commonly […]
Shulman Rogers welcomes Kimberly Reed and TJ Wilkinson to further bolster the Business and Financial Services Department
April 9, 2019
POTOMAC, Md., April 9, 2019 — Kimberly D. Reed and Todd (TJ) S. Wilkinson join Shulman Rogers as shareholders to support […]