Biography
John Kelly is Of Counsel at Strassburger McKenna Gutnick & Gefsky. John is experienced in solving complex business and financial issues in a tax efficient manner. Having served manufacturing, service, retail, high tech, software, financial, oil and gas, health care, transportation, telecommunication, recreation, and international businesses, John is able to offer sophisticated insights to common problems.
John handles tax planning and tax disputes involving all facets of federal, state, and local tax law. John has represented buyers and sellers in M&A deals ranging from $200,000 to $26B, involving both publicly traded and privately held businesses. In tax audits and appeals, John has successfully represented a taxpayer before the IRS involving more than $1B in tax loss carryforwards, for another client obtained $28M in federal tax refunds, and for many different clients obtained reductions of many hundreds of thousands of dollars in state and local tax assessments. For specialized industry clients, John has collaborated across the industry to convince the IRS to eliminate a burdensome, industry-specific tax, eliminate burdensome record keeping for customers, and issue favorable depreciation guidance.
Examples
- Manufacturing – Entity restructurings resulting in hundreds of thousand dollars savings on an annual basis for clients.
- Service – Reduced the annual corporate tax liability by 13 percent using a cost-of-performance apportionment
- Financing transactions – Successfully implemented an asset based refinancing of consumer receivables that provided multi-millions in liquidity for clients.
- Non-profit – Successfully fought for tax-exempt classification for family charities.
John was born in New York and raised near Pittsburgh. After graduating from the University of Michigan, he attended law school at the University of Pittsburgh. John began his tax career with the Pittsburgh office of a national CPA firm, then shifted to a local law firm. After that, John began a five year stint as Tax Counsel for Eastman Kodak in New York. Later he moved to New Jersey where for twelve years he was Senior Tax Counsel for Verizon Wireless and Assistant General Counsel for Verizon Communications. He recently returned to Pittsburgh to join Strassburger McKenna Gutnick & Gefsky.
John’s Tax Practice focuses on:
- Business planning and transaction negotiation
- M&A transactions, representing both buyers and sellers
- Federal, state, and local tax audits, protests, and appeals
- Multi-state tax apportionment and consolidated tax return planning
- Partnership and LLC agreements and planning
- Sales and use tax planning for manufacturing and service companies
- Cross border tax planning for Canadian and European subsidiaries
- Payroll taxes planning and audits
- Executive compensation and non-qualified plan benefits
- Tax provisions in customer service and supply agreements
- Family wealth transfers
Professional Affiliations
- American Bar Association
- Pennsylvania Bar Association
- Allegheny County Bar Association
- Pittsburgh Tax Club
From Our Blog
- Congress Authorizes Second Round of PPP Loans (“PPP2”) – How to Apply if You Already Have a PPP Loan
January 12, 2021
- Tax Treatment of Expenses Paid with PPP Loans and EIDL Advances – Part 3
December 30, 2020
- Tax Treatment of Expenses Paid with PPP Loans – Part 2
November 30, 2020
- SBA Guidance – Treatment of PPP Loans in M&A Deals and Equity Purchases
November 6, 2020
- PA Offers COVID-19 Grants to Small Businesses – Starting June 30, 2020
June 30, 2020
- New PPP Loan Forgiveness Rules
June 9, 2020
- SBA Updates Rules for PPP Loan Forgiveness
May 26, 2020
- PPP Loan Forgiveness – SBA Released Application Form and Instructions on Friday May 15
May 18, 2020
- PPP Loan Updates
May 14, 2020
- SBA Cuts EIDL Loan Program Loan Amounts and Limits New Applications to Agricultural Businesses
May 11, 2020
- Tax Treatment of CARES Act – PPP Loan Forgiveness
May 1, 2020
- Congress Restarts Stimulus Loan Program
April 22, 2020
- CLIENT ALERT – Summary of Corporate Tax Changes Under the “CARES Act”
April 1, 2020
- Non-Profits – Free or Subsidized Parking for Employees – Change in Tax Rules
March 2, 2020
- New Tax on Non-Profit Organizations – Cost of Transportation Related Fringe Benefits
October 3, 2018
- Bad News for Internet Retailers – Supreme Court says Retailers Must Collect Sales Tax Everywhere
June 26, 2018
- Real Estate Developer – How to Get Capital Gains When Sell Land Why doing Nothing can be the Best Answer
March 9, 2018
- Quick Tax Law Update – Individual Changes in 2018
December 28, 2017
- Quick Tax Law Update – Business Law Changes Effective in 2018
December 28, 2017
- Taking a Job Overseas When Your Spouse Remains Behind – Tax Planning
October 5, 2017
- Correcting “Small” Errors in Form 1099 and Form W-2 in 2017
March 22, 2017
- IRS Tax Notices – Do you have to fight a tax assessment for “$.00”?
March 13, 2017
- PA Proposed Tax Increases – Governor Wolf’s Budget Proposal for 2017
March 6, 2017
- Pennsylvania 2017 Tax Amnesty – Discount Tax Relief
January 30, 2017
