Profile

Tim Co-Chairs the Firm’s Corporate & Tax Group and also practices in the Estate Planning and International Law Groups.

As an attorney, Tim has been recognized as one of The Best Lawyers in America©. He has also received the highest peer review rating of AV® from Martindale Hubbell.

Tim focuses his practice on federal tax law, corporate law and estate planning. He acts as outside corporate legal counsel to several closely held companies. Since Tim is also a CPA, he advises his corporate clients and their owners on tax planning and other transitional issues including structuring mergers, acquisitions, tax-free/deferred exchanges, financing, entity formation, and liquidations.

Tim regularly speaks to fellow lawyers and certified public accountants on a variety of legal and tax issues including: choice of entity, preparing Limited Liability Company operating agreements, shareholder agreements, partnership taxation, ethics, and tax issues associated with oil and gas leases.

Tim spent several years working for a large international tax and accounting firm. That background helped Tim view transactions from both a legal, tax and accounting perspective.

Tim not only practices law in Harrisburg, PA, but resides there with his family and is active in the community.

EXPERIENCE/REPRESENTATIVE CASES

Represented a full-service science and engineering consulting firm in the acquisition of an environmental and geological consulting services company, providing strategic legal advice and working closely with firm leaders and advisors to structure the transaction, negotiate the terms of the purchase and lead the closing process.

Represented ARM Group LLC in its recently announced acquisition of Resource International Ltd. The team provided strategic legal advice and worked closely with ARM’s leaders and advisors on the full scope of the deal, from negotiating the deal to closing the transaction.

Represented a privately held subchapter C corporation and its owner in the structuring of the sale of its operations in the most tax effective manner, including the allocation of a portion of the purchase price to personal goodwill which allowed significant tax savings.

Represented privately held company in $22 million refinancing transaction with its lenders which allowed our client to double the size of its current facilities and make improvements to become more efficient.

Represented family owned company in the manufacturing industry and its majority shareholders in the purchase of stock from deceased, minority shareholder’s estate.

Represent closely held company in the life sciences industry with startup operations including drafting and negotiating distribution agreements for various products.

Represented client in litigation in the United States Tax Court after significant disagreements with the IRS examiner over certain audit adjustments.

Represented privately held client in purchase of large manufacturing facility and ongoing operation in the housing industry.

EDUCATION

University of Scranton, B.S., 1988

Widener University School of Law, J.D., 1995

MEMBERSHIPS

Dauphin County Bar Association

Pennsylvania Bar Association Tax Law Section

Pennsylvania Institute of Certified Public Accountants, Federal Tax Committee

Family Support of Central Pennsylvania, President, Board of Directors

MidPenn Legal Services, Low Income Tax Clinic, Advisory Committee Member

Caitlin’s Smiles, Treasurer, Board of Directors

Certified Public Accountant

HONORS/AWARDS

The Best Lawyers in America®, Trusts and Estates, 2012-present

The Best Lawyers in America,  Lawyer of the Year 2021

Highest Peer Review Rating of AV® established by Martindale Hubbell

COURT ADMISSIONS

U.S. District Court – Middle District of Pennsylvania

U.S. Court of Appeals for the Third Circuit

U.S. Tax Court

Bar Admissions

Pennsylvania

PUBLICATIONS

December 6, 2024 - Corporate Transparency Act Dealt Blow by Eastern District of Texas: How Reporting Companies Can Proceed

March 6, 2024 - CTA Here to Stay? Federal District Court Rules Corporate Transparency Act Unconstitutional
McNees Client Alert

November 23, 2020 - Further Guidelines on PPP Loans
McNees Client Update

November 3, 2020 - PPP Loans - New Necessity Questionnaire

September 15, 2020 - Estate Planning and the Upcoming Elections
McNees Insights

June 9, 2020 - New Legislation Eases “PPP” Loan Forgiveness Restrictions
McNees Corporate & Tax Client Update

May 27, 2020 - PPP Loans and Forgiveness:  FAQ
McNees Corporate & Tax Update

May 13, 2020 - JUST RELEASED: New Guidance on SBA Certification and Safe Harbor
McNees Corporate & Tax Update

May 1, 2020 - Non-deductibility of Expenses Incurred in Connection with PPP Loan Forgiveness
McNees Corporate & Tax Update

April 30, 2020 - Price Gouging - It Could Cost You
McNees Client Alert

April 21, 2020 - SBA Issues Paycheck Protection Program Guidance for Individuals with Self-Employment Income
McNees Corporate & Tax Client Update

April 14, 2020 - Federal Reserve Bank Relief: Loan Facilities Overview
McNees Corporate & Tax Client Update

April 8, 2020 - SBA Issues Additional Guidance for Paycheck Protection Program
McNees Corporate & Tax Client Update

April 6, 2020 - CARES Act: Additional Tax Related Relief
McNees Corporate & Tax Client Update

March 30, 2020 - Cares Act: Paycheck Protection Loans Summary
Corporate & Tax Client Update

March 25, 2020 - Refundable Tax Credits Provide Relief for Employers
Corporate & Tax Client Update

March 13, 2020 - Estate Planning and Coronavirus
McNees Insights

May 9, 2018 - IRS Gains At The Expense of Partnership Owners
Corporate & Tax Client Update

May 31, 2016 - How to Lessen the Tax Bite When Selling a Business

August 16, 2013 - It's Your Business News
In this issue: Making the ‘Right’ Choice l Top Ten Mistakes Businesses Make Regarding Insurance l You’ve Got the Job, Details Will Follow

PRESS RELEASES

September 10, 2024 - McNees advises ARM Group LLC on acquisition of Taylor GeoServices (TGS)

August 15, 2024 - Best Lawyers® recognizes 38 McNees attorneys, one named “Lawyer of the Year”

August 17, 2023 - Best Lawyers® Recognizes 42 McNees Attorneys, Three Named “Lawyer of the Year”

August 7, 2023 - ARM Group LLC acquires Resource International Ltd.

August 18, 2022 - Best Lawyers® Recognizes 34 McNees Attorneys, Six Named “Lawyer of the Year”

July 25, 2022 - Unite Digital acquires Millennium Communications

August 19, 2021 - 39 McNees Attorneys Recognized by Best Lawyers®, Six Named “Lawyer of the Year”

August 24, 2020 - 34 McNees Attorneys Recognized by Best Lawyers®, Four Named “Lawyer of the Year”

July 22, 2020 - McNees Attorneys to Speak at the Pennsylvania Bar Institute

October 8, 2019 - McNees, Murphy McCormack Capital Advisors and Brown Schultz Sheridan & Fritz to Host Joint Seminar

August 15, 2019 - 33 McNees Attorneys Among 2020 Best Lawyers in America, 7 Named Lawyer of the Year

December 4, 2018 - McNees Attorneys to Present on Tax and Family Law at PBI Seminar

September 18, 2017 - McNees Attorneys to Speak at Tax Executives Institute’s 19th Annual Tax Conference

August 15, 2017 - 38 McNees Attorneys Selected as 2018 Best Lawyers in America

January 17, 2017 - McNees Wallace & Nurick Handled Over $3 Billion in M&A Transactions in 2016

September 27, 2016 - McNees Wallace & Nurick Handles $2.5 Billion in M&A Deals

August 15, 2016 - 37 McNees Attorneys Selected by 2017 Best Lawyers in America

March 16, 2016 - McNees Honors Attorney Timothy M. Finnerty with Yenkowski Award

December 8, 2015 - McNees Attorneys Selected as 2015 Select Lawyers

August 17, 2015 - 39 McNees Attorneys Selected by 2016 Best Lawyers in America 7 named 2016 “Lawyers of the Year’’

June 2, 2015 - McNees Wallace & Nurick Attorneys Selected as 2015 Local Legal Leaders