Overview
David D. Sherwood focuses his practice on a broad range of domestic tax issues affecting corporations, joint ventures and their owners, including the tax treatment of spin-offs and other restructurings, consolidated returns, the availability of deductions on the worthlessness or other disposition of stock, and the formation of investment partnerships, real estate partnerships, corporate joint ventures and multinational group internal partnerships.
David also has extensive experience dealing with complicated business appraisals and issues concerning the disclosure of tax shelters and other reportable transactions.
Results
- Advised a multinational client on a spin-off, including drafting of tax sharing agreement
- Structured the formation of a privately held investment fund with approximately $250 million of equity capital
- Advised a client on the availability of an ordinary worthless stock deduction on the stock of a subsidiary with multiple classes of stock owned by minority shareholders
- Worked with business appraisers and critiqued Internal Revenue Service (IRS) business appraisals in connection with tax planning, IRS audits and litigation
Recognitions
- BTI Client Service All-Star 2017
Community
- American Bar Association
- District of Columbia Bar
Credentials
Education
Harvard Law School, JD, cum laude, 1998
Harvard University, MA, Economics, 1996
Columbia University, BA, summa cum laude, Phi Beta Kappa, 1993
Admissions
District of Columbia
California
Courts / Agencies
US Tax Court
US Court of Federal Claims
US Court of Appeals for the Federal Circuit
