John J. Carpenter - Culp Elliott & Carpenter P.L.L.P.

John J. Carpenter

Listed in Best Lawyers since 2008
Phone: 704-973-5343

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.

Wake Forest UniversityJ.D. 1984Wake Forest UniversityBS 1980
AICPA - Tax SectionABA Tax SectionNorth Carolina Bar Association Tax SectionMecklenburg County Bar Tax Section

Case History

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.

Office Location

4401 Barclay Downs Drive, Suite 200
Charlotte, NC 28209
United States

Lawyer of the Year Awards

2016 Lawyer of the Year in Litigation and Controversy - Tax of the Charlotte Metro Area2015 Lawyer of the Year in Litigation - Trusts and Estates of the Charlotte Metro Area2014 Lawyer of the Year in Litigation and Controversy - Tax of the Charlotte Metro Area
John J. Carpenter has earned a Lawyer of the Year award for 2016!John J. Carpenter has earned a Lawyer of the Year award for 2015!John J. Carpenter has earned a Lawyer of the Year award for 2014!

Practice Areas

Litigation - Trusts and Estates
Litigation and Controversy - Tax
Real Estate Law
Tax Law (Bankruptcy, Business and Succession Planning, Fiduciary Tax, Income Tax, Mergers & Acquisitions, Partnership, State and Local Tax, Tax Disputes, Tax Planning, Trusts and Estates)
Trusts and Estates (Asset Protection, Estate Administration, Estate Planning, Insurance Planning, Probate, Real Estate, Succession Planning, Tax)

Other Information

Gender: Male