• office locations
     
    Bluffton, SC map
    Bluffton, SC Office
    The Plaza at Belfair
    4 Clarks Summit Drive
    Suite 200 | Bluffton, SC 29910-4993
    843.815.2171  Main | 843.815.5991  Fax
     
    Charleston, SC map
    Charleston, SC Office
    100 Calhoun Street
    Suite 400 | Charleston, SC 29401
    843.723.7831  Main | 843.722.3227  Fax
     
    Charlotte, NC map
    Charlotte, NC Office
    Bank of America Plaza
    101 South Tryon Street
    Suite 2610 | Charlotte, NC 28280
    704.347.1170  Main | 704.347.4467  Fax
     
    Columbia, SC map
    Columbia, SC Office
    1221 Main Street
    Suite 1800 | Columbia, SC 29201
    803.799.9800  Main | 803.753.3278  Fax
     
    Greenville, SC map
    Greenville, SC Office
    Poinsett Plaza
    104 South Main Street
    Suite 700 | Greenville, SC 29601
    864.271.4940  Main | 864.271.4015  Fax
     
    Hilton Head Is., SC map
    Hilton Head Island, SC Office
    Shelter Cove Executive Park
    23-B Shelter Cove Lane
    Suite 400 | Hilton Head Island, SC 29928
    843.785.2171  Main | 843.686.5991  Fax
     
    Myrtle Beach, SC map
    Myrtle Beach, SC Office
    Founders Centre
    2411 Oak Street
    Suite 206 | Myrtle Beach, SC 29577
    843.444.1107  Main | 843.444.4729  Fax
     
  • contact us
      No   Yes  
PROFESSIONALS OTHER CONTENT
     
Instagram

Jeffrey T. Allen

Shareholder

803.753.3258 Direct
803.799.9800 Main
803.933.1522 Direct Fax
803.753.3278 Main Fax
jallen@mcnair.net
Download vCard
Columbia, SC Office
1221 Main Street
Suite 1800
Columbia, SC 29201
Assistant
Jennifer Rath
jrath@mcnair.net
803.753.3311 Direct
Print

Overview

Jeff serves as the assistant practice group leader for McNair's tax practice and focuses his practice on tax and business matters. He provides advice to clients on a variety of transactional matters and represents clients in tax controversy matters before the South Carolina Department of Revenue (DOR), Internal Revenue Service (IRS), South Carolina Administrative Law Court, United States Tax Court and United States District Court.

Jeff helps clients navigate a wide array of corporate transactions, including formation, operation, purchase, sale, reorganization, merger, and dissolution of corporations, partnerships, limited liability companies, and tax-exempt organizations. Jeff also provides large employers with compliance and design advice on group health plans, welfare benefit plans, retirements plans and ERISA requirements. 

A substantial portion of Jeff’s practice focuses on state and local tax matters, including property taxes, sales taxes, income taxes, corporate license fees, state and federal investment and production tax credits, and economic development incentives. He helps clients understand and minimize their state tax obligations. In the economic development arena, he helps new and existing businesses secure state and local incentives, such as fee-in-lieu of tax agreements, special source revenue credits and grants.

In state tax controversy matters, Jeff represents individuals and businesses in South Carolina income tax audits, sales tax audits, liquor by the drink audits, property tax audits and responsible party investigations. In federal tax controversy matters, Jeff represents individuals and businesses in income tax audits, conservation easement audits, trust fund penalty investigations and collection matters.

  • Successfully resolved multimillion dollar unitary valuation property tax dispute for a utility
  • Represented a client claiming renewable energy credits (specifically the SC biomass resource credit) throughout development and power production of project.
  • Successfully resolved property tax dispute on behalf of Fortune 500 company involving a claim for extraordinary depreciation allowance
  • Successfully defended IRS attempt to impose transferee liability on selling shareholders in Midco transaction
  • Assisted McNair lobbying team working on legislation to increase the credit provided by the "South Carolina Clean Energy Tax Incentive Program" for manufacturing renewable energy equipment.
  • Advising a client on how to offset property taxes imposed as a result of a fee-in-lieu of tax investment period audit through a combination of amendments to a fee agreement, negotiation of a new special source revenue credit, and the utilization of replacement property
  • Advising a client contemplating a sale of a business on how to minimize taxes by selling personal goodwill and changing entity classification
  • Planning and implementing a conservation easement donation for property situated within a high-end residential development, valued at more than $25 million
  • Worked with independent power producers, including negotiation of power purchase agreements.
  • Planning and implementing a conservation easement donation on 15,000+ acres of timber land, valued at more than $10 million
  • Preparing and reviewing policies to comply with the Affordable Care Act on behalf of a large educational organization
  • Reviewing and securing determination letters for individually-designed defined benefit plans and defined contribution plans with cumulative assets exceeding $500 million
  • Successfully obtained tax-exempt status for organizations with cumulative assets exceeding $500 million
  • Represent and advise developers in connection with Low-Income Housing Tax Credit projects at all stages (including syndication of the tax credits).
  • Chair, Midlands Housing Trust Fund Board of Directors (2014-2016)
  • Member, Tax Law Section Council, South Carolina Bar (2012 - 2016)
    • Secretary (2016)
  • Member, Tax Committee, South Carolina Chamber of Commerce
  • Member, Columbia Tax Study Group, South Carolina Bar
  • Member, Young Leaders Society, United Way of the Midlands
  • Listed, South Carolina Super Lawyers®, Tax (2014-2018)
    • “Super Lawyers Rising Star,” Tax (2014-2018)
  • CALI Award - Partnership Tax, University of South Carolina
  • CALI Award - Income Tax, University of South Carolina
  • Book Award - Civil Tax Procedure, University of Florida
  • Contributing Author, South Carolina Tax Lawyers Blog (2011-present)
  • Presenter, “High Growth Small Business Job Creation Act of 2013,” South Carolina Bar Convention (2014)
  • Presenter, “Tax Incentives for Pollution Control Technologies,” South Carolina Chamber of Commerce Environmental & Energy Forum (2014)
  • Presenter, “Establishing Tax-Exempt Status with the IRS,” NBI Seminar (2011)
  • Contributing Author, South Carolina Tax Practice Insights, Lexis Nexis (2008)