Culp Elliott & Carpenter PLLC

7 Best Lawyers awards

Culp Elliott & Carpenter PLLC logo

Awarded Practice Areas

Litigation and Controversy - Tax Litigation - Trusts and Estates Real Estate Law Tax Law Trusts and Estates
*Named the "Lawyer of the Year" in this practice area in the 2026 edition in Charlotte.

Biography

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.
Culp Elliott & Carpenter PLLC

7 Best Lawyers awards

Culp Elliott & Carpenter PLLC logo

Overview

  • English

  • Wake Forest University, J.D., cum laude, graduated 1984
  • Wake Forest University, B.S., cum laude, graduated 1980

  • North Carolina, 1984

  • ABA Tax Section - Member
  • AICPA - Tax Section - Member
  • North Carolina Bar Association Tax Section - Former Tax Council Member
  • Mecklenburg County Bar Tax Section - Past Chairman
  • English
  • North Carolina, 1984
  • ABA Tax Section - Member
  • AICPA - Tax Section - Member
  • North Carolina Bar Association Tax Section - Former Tax Council Member
  • Mecklenburg County Bar Tax Section - Past Chairman
  • Wake Forest University, J.D., cum laude, graduated 1984
  • Wake Forest University, B.S., cum laude, graduated 1980

Client Testimonials

Awards & Focus

Lawyer of the Year Badge - 2026 - Litigation and Controversy - Tax Lawyer of the Year Badge - 2021 - Litigation and Controversy - Tax Lawyer of the Year Badge - 2019 - Litigation - Trusts and Estates Lawyer of the Year Badge - 2016 - Litigation and Controversy - Tax Lawyer of the Year Badge - 2015 - Litigation - Trusts and Estates Lawyer of the Year Badge - 2014 - Litigation and Controversy - Tax
Named "Lawyer of the Year" by Best Lawyers® for:
  • Litigation and Controversy - Tax, Charlotte (2026)
  • Litigation and Controversy - Tax, Charlotte (2021)
  • Litigation - Trusts and Estates, Charlotte (2019)
  • Litigation and Controversy - Tax, Charlotte (2016)
  • Litigation - Trusts and Estates, Charlotte (2015)
  • Litigation and Controversy - Tax, Charlotte (2014)
Recognized in The Best Lawyers in America® 2026 for work in:
  • Litigation - Trusts and Estates
  • Litigation and Controversy - Tax
  • Real Estate Law
  • Tax Law
  • Trusts and Estates
Special Focus:
  • Asset Protection
  • Bankruptcy
  • Business and Succession Planning
  • Estate Administration
  • Estate Planning
  • Fiduciary Tax
  • Income Tax
  • Insurance Planning
  • Mergers & Acquisitions
  • Partnership
  • Probate
  • Real Estate
  • State and Local Tax
  • Succession Planning
  • Tax
  • Tax Disputes
  • Tax Planning
  • Trusts and Estates
Awards:
  • Selected as one of the Best Lawyers in America in the area of Taxation (2008 - 2016)
  • Recognized as a "Legal Elite" a list of the top 2.9% of lawyers in North Carolina compiled by Business North Carolina Magazine (2008, 2010, 2012 - 2015)
  • North Carolina Super Lawyer, Taxation by Super Lawyers magazine (2006 - 2016)
  • Best Lawyers - 2016 Lawyer of the Year - Litigation and Controversy - Tax - Charlotte, NC
  • Best Lawyers - 2015 Lawyer of the Year - Litigation - Trusts and Estates - Charlotte, NC
  • Best Lawyers - 2014 Lawyer of the Year - Litigation and Controversy - Tax - Charlotte, NC

Additional Information

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Case History

Transactions
  • 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.

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