John G. Hodnette is an associate with the Firm’s Corporate group. He practices primarily in the area of tax and business succession planning. John represents entrepreneurs, high net worth individuals, and small companies on tax-efficient and innovative gift tax, estate tax, and business succession plans to minimize taxes, preserve wealth, and manage risk.
Prior to joining the Firm, John worked for KPMG’s mergers & acquisitions group in Uptown Charlotte. John obtained his Juris Doctor from Wake Forest University School of Law and his LLM in Taxation from the University of Florida Levin College of Law, where he also served as an editor for the Florida Tax Review. While at Wake Forest, he earned CALI awards in Partnership Tax and Mergers & Acquisitions. While at the University of Florida, he received the book award in International Taxation I.
- Student editor of the Florida Tax Review
- CALI awards in Partnership Tax and Mergers & Acquisitions
- Book award in International Taxation I
- Represents clients in the formation and organization of corporations, limited liability companies, S corporations, and partnerships.
- Experience drafting and negotiating limited liability company operating agreements, shareholder agreements, and commercial contracts.
- Assists business owners with planning, financing, and executing tax-efficient mergers and acquisitions, and other equity extraction and business expansion plans.
- Provides clients with advice on income, partnership, and corporate, tax issues related to their business ventures and individual activities.
Publications
- Author “Timber, Transfers and Taxes-Grantor Trust Sales with Timberland Family Partnerships,” Probate & Property, September/October 2019
- Co-author (with Carl King) “Stitching Shadows In Neverland: A Counterpart Basis Analysis Applied to Disregarded Promissory Notes and Assets Owned in Grantor Trusts,” Probate & Property, November/December 2017
- Author,”Should I Get an LL.M in Taxation?,” Federal Bar Association Young Lawyers Division Spring 2020 Perspectives Newsletter, April 24, 2020
- Author “The Tax Consequences of Marriage,” American Bar Association Young Lawyers Division, TYL In Focus, May 29, 2019
- North Carolina Bar Association Tax Section Blog Contributor:
- Penalty Waiver for Failure to Pre-Pay Penalties, November 10, 2021
- North Carolina Construction Sales and Use Tax October 21, 2021
- Should I Own Real Estate through an S Corporation or a Partnership September 1, 2021
- Statutes of Collections for Federal and North http://Penalty-Waiver-for-Failure-to-Pre.pdfCarolina Taxes August 11, 2021
- Tax Advantages of S Corporations July 30, 2021
- Gain Exclusion for Section 1202 Stock, January 15, 2021
- Reinstatement of 501(c)(3) Status for Charitable Organizations, October 13, 2020
- Tax Consequences of Terminating Whole Life Insurance with Existing Policy Loans, August 14, 2020
- Disregarded Entities and Partnerships, July 17, 2020
- Casualty Losses Under Sections 162 or 165(c)(2), June 3, 2020
- The NOL Carryback Rules Under the CARES Act, May 8, 2020
- The Tax Implications of Three Programs Created by the CARES Act, April 16, 2020
- IRS Response to COVID-19: Installment Agreements, Offers in Compromise, and IRS Collection Actions, April 6, 2020
- Alimony Modifications: Taxation of Alimony Payments Under the 2017 Tax Act, January 14, 2020
- Employee Educational Fringe Benefits Under the 2017 Tax Act, November 7, 2019
- The Importance of Purchase Price Allocations in Asset Acquisitions, October 17, 2019
- Don’t Get Caught Holding the Bag-Embezzlement Repayments and NOL Limitations, September 11, 2019
- 2017 Tax Act’s $11.2 Million Estate, Gift, and GST Tax Exemption Will Expire In 2025, July 15, 2019
- Tricky Rules For Amending Tax Returns, May 15, 2019
- The Ricky Ricardo Tax-Taxation of Marital Transfers to Non-Citizen Spouses, April 9, 2019
- Attachment and Garnishment of Bank Accounts: NC Department of Revenue Collection Practices, March 5, 2019
- Section 199A Pass-Through Deduction and the Magic Number, January 30, 2019
- Taxation of Trust Income Deemed Unconstitutional-NC Supreme Court Decision in Kaestner, December 5, 2018
Speaking Engagements
- Speaker, IRS Collections Matters, 2019 Annual Review, Mecklenburg County Bar, February 7-9, 2019