Mr. Carpenter's primary practice areas include tax, estate planning and probate law, IRS tax controversy, asset protection planning, business mergers and acquisitions, and commercial real estate law. He is a NC Board Certified Specialist in Estate Planning and Probate Law. Mr. Carpenter specializes in estate planning, estate administration, representing clients before the IRS, asset protection planning, and sophisticated real-estate tax-deferral strategies, including capital gain maximization planning, Section 1031 like-kind exchanges and reverse exchange techniques. He has assisted numerous clients with IRS tax controversies, asset protection planning, and in sophisticated tax, estate planning and probate matters, business mergers and acquisitions, and commercial real estate transactions. Mr. Carpenter has been successful in applying a multi-disciplinary approach in advising his clients how to structure their transactions to minimize the tax effect and to preserve assets for their families.
Mr. Carpenter has published articles and served as a speaker in various professional capacities, including Section 1031 like-kind exchanges, reverse exchanges and estate planning topics.
Like Kind Exchange
Assisted various clients in the multi- million dollar sale of outdoor billboard displays to national companies - structured as a like kind exchange.
Tax Planning — Structured sale of land to achieve capital gain treatment that was later developed into successful condominium project. Client saved over $5 million in taxes.
IRS Controversy — Successful representation of client in IRS audit of 401(k) plan that involved potential disqualification of plan and substantial IRS penalties and interest.
Cancellation of Debt Income — Assisted clients in planning to avoid recognition of substantial cancellation of debt income in workout transaction from multiple failed real estate developments, achieved over $10 million in tax savings.
Trust & Estate Planning — Assisted client in sheltering over $200 million from estate and gift tax through use of grantor trusts and other estate planning techniques.