With significant training and experience in federal and state tax matters, Matt has developed a broad transactional legal practice. Matt primarily provides legal services in the areas of tax and business law. He has served clients in numerous industries, including automotive, manufacturing, distribution, banking and finance, health care, housing, long-term care and nonprofits/tax-exempt organizations.
Matt’s tax practice includes federal and state tax controversy work involving audits, appeals and litigation in disputes concerning income tax, withholding tax, unemployment tax, sales and use tax, property tax, estate tax, gift tax, inheritance tax and excise tax.
Matt assists clients with applicable federal and tax issues related to the tax planning, structuring, facilitation and implementation of sophisticated transactions for numerous types of entities in connection with entity formation, mergers, asset purchases, reorganizations, conversions, and joint ventures for both for-profit and tax-exempt organizations. His work includes the provision of federal and state tax opinions in support of a broad spectrum of transactions.
Matt also assists nonprofits and tax-exempt organizations in the areas of health care, affordable housing, education, U.S. and international charitable giving and solicitation, religious activities, economic development, lobbying and political campaign activity, and disaster relief. He provides counsel with respect to corporate governance, excess benefit transactions, private benefit, private inurement, conflicts of interests, joint ventures, private-public partnerships and applicable reporting and compliance requirements of tax-exempt organizations.
Obtained IRS recognition of federal tax-exemption status retroactive to 1980 to secure federal and state income tax savings in excess of $3 million for affordable housing client
Achieved favorable Indiana Tax Court decision overturning final determination of the Indiana Department of State Revenue assessing additional Indiana income tax in a dispute concerning state residency and source of income (William E. Schmidt, Jr. and Danielle Schmidt v. Indiana Department of State Revenue)
On behalf of employee staffing company with operations in more than 20 states, negotiated and obtained + $30 million in agreed to reductions and waivers of various alleged state tax liabilities in Indiana, Michigan, Kentucky, Ohio, Illinois and Georgia to facilitate sale of company’s assets
Achieved property tax exemption, PILOTs, property tax abatement, and other tax and economic incentives for numerous facilities and projects in Indiana and other states
Served as tax counsel in support of numerous mergers and acquisitions, including seven (7) publicly traded bank/financial institution mergers in 2014
Developed practice leveraging federal low-income housing tax credits and Medicaid reimbursement to assist multiple developers finance, construct, and operate affordable assisted living projects in three states
Indiana University Maurer School of Law, J.D., 2000
Indiana University Kelley School of Business, M.P.A., 2000
Indiana University Bloomington, B.A., 1994
U.S. District Court, Northern District of Indiana
U.S. District Court, Southern District of Indiana
U.S. Tax Court
Best Lawyers in America® – Non-Profit/Charities Law, 2013-2020
Indiana Super Lawyers Rising Stars®