Tim Schally is Partner and Chair of the Michael Best & Friedrich LLP’s Taxation Group. Mr. Schally has extensive experience representing clients in connection with contested matters with the Internal Revenue Service, the Wisconsin Department of Revenue, and the taxing authorities of many other jurisdictions. A significant portion of his practice also involves advising clients with respect to the federal and state tax consequences of mergers, acquisitions and joint ventures, including taxable and tax-free reorganizations, restructurings, recapitalizations and spin-offs of both private and public companies.
Mr. Schally is a former Chair of the State Bar of Wisconsin’s Taxation Section. He served for several years as an adjunct faculty member at the University of Wisconsin Law School, where he taught courses in the federal income taxation of corporations. He is a widely published author on tax subjects, and speaks frequently on tax subjects to legal and accounting groups in Wisconsin and across the United States.
B.S., Marquette University (1981) cum laude
J.D., University of Wisconsin Law School (1985) cum laude
Bloomberg Tax Management Portfolios
Tax Consequences of Contingent Payment Transactions (Portfolio 566)
The Portfolio, Tax Consequences of Contingent Payment Transactions, No. 566, focuses on the transfer of a business for consideration contingent on the future performance of the