Timothy J. Canney
Timothy Canney concentrates his practice in the areas of tax and business law. He counsels public and private corporations, tax-exempt organizations, partnerships, and individuals in many aspects of United States and international tax law, including:
- joint ventures;
- formation and operation of Subchapter S Corporations and Limited Liability Companies;
- private equity transactions, including business structuring and mergers and acquisitions;
- tax-free reorganizations; and
- federal, state, and local tax controversies, including audits, administrative appeals, and litigation.
He also advises corporate and individual clients regarding undeclared foreign assets and bank accounts, including “FBAR” reporting obligations, and has represented numerous clients in the Internal Revenue Service’s Offshore Voluntary Disclosure Program and other disclosure programs. In addition, Mr. Canney advises clients with fiduciary responsibilities, including trustees and executors, concerning ongoing compliance with their obligations.
Mr. Canney is the author of “Tax Gross-Ups: A Practical Guide to Arguing and Calculating Awards for Adverse Tax Consequences in Discrimination Suits,” which appeared in the Catholic University Law Review (Summer 2010) and for which he received the 2011 Distinguished Writing Award in Law from the Burton Awards for Legal Achievement. Mr. Canney has been named by Super Lawyers as a “Rising Star” in both Maryland and the District of Columbia.
Mr. Canney graduated from the Catholic University of America’s Columbus School of Law. While attending law school, he was a member and served as Note & Comment Editor of the Catholic University Law Review. Mr. Canney also earned a Master of Laws (LL.M.) in Taxation and Certificate in International Tax from the Georgetown University Law Center.