Doug is a member of the firm's Tax Group, where he represents clients in connection with a broad range of tax matters.
Doug helps his clients plan and structure their most important business transactions to ensure that their business objectives are met in a tax efficient manner. Doug provides clients with practical advice and strategies regarding U.S. federal income taxes and state and local taxes. His practice includes counseling regarding mergers, acquisitions, joint ventures, workouts (in and out of bankruptcy), recapitalizations, divestitures, and spin-offs, entity formations as well as all forms of capital-raising activities. His clients include corporations, partnerships, and limited liability companies, ranging in size from start-up businesses to multinational public corporations.
Doug is a leading expert on qualified opportunity funds and their tax benefits. Doug counsels funds, their managers and investors on the planning, structuring and implementation of qualified opportunity funds. Doug is also a frequent presenter and author on opportunity zone topics.
Doug has earned a reputation for his special interest in serving nonprofit and tax-exempt organizations. He counsels public charities, private foundations and other exempt organizations on a broad range of governance and tax matters. These organizations range in size from well-established community organizations with multimillion-dollar annual budgets to start-up organizations with modest levels of financial activity.
Doug routinely counsels early-stage exempt organizations with respect to the incorporation process, permissible exempt purposes and activities, fiduciary obligations of directors and officers, and governance policies and practices. He regularly advises clients with respect to proposed conflicting interest and related party transactions, as well as best practices for establishing an executive compensation package that is reasonable and not excessive.
Doug has successfully represented clients in connection with their applications for recognition of exemption, including public charities, private foundations, and private operating foundations working on a wide variety of charitable causes. He counsels exempt organizations on matters related to their exempt status, such as compliance with federal limits on lobbying and political campaign activity, issues related to private benefit and private inurement, and strategies around unrelated business taxable income.
Doug is experienced in providing in-depth analysis of various options for structuring organizational ventures and the likelihood that certain revenue streams would generate unrelated business taxable income.
He represents family and corporate private foundations, and frequently provides guidance regarding the self-dealing and other private foundation excise tax rules.
Doug is committed to zealously advocating on behalf of his clients when they are faced with controversies with tax authorities. Doug represents clients before tax agencies in audits, appeals and litigation at the federal, state, and local tax levels.
Representing an Austin cultural organization in front of the Travis County Appraisal Review Board relating to property tax exemption.