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Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P.

901 Main Street, Suite 3700
Dallas, TX 75202

Phone: (214) 744-3700
Fax: (214) 747-3732
Toll Free: (800) 451-0093

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Thomas G. Hineman

Tom is Board Certified in Tax Law with over 40 years’ experience in Business and Personal Tax Planning for a multitude of entities, including partnerships, limited liability companies and corporations as well as individuals. His practice includes structuring partnership and corporation transactions and family business and estate planning.

Tom frequently counsels his clients on the formation and operation of limited partnerships and limited liability companies, as well as business succession planning and wealth transfer planning.  He is also experienced in the planning and implementation of business acquisitions, mergers, and restructuring, for corporations, partnerships and limited liability companies. Although Tom’s practice is centered on tax planning, he often assists in the planning and tax analysis associated with tax litigation matters involving complex substantive tax issues.  He has considerable experience in personal, as well as business tax planning, including tax planning for recovery of damage awards, compensation tax planning, and estate and gift tax planning.

Tom has lectured frequently on a variety of tax planning topics, including tax planning for business acquisitions, oil and gas tax planning, stet implementation of family limited partnerships and limited liability companies.

Tom was admitted to practice in Texas in 1974.

Texas Board of Legal Specialization – Tax Law

  • Southern Methodist University Dedman School of Law, LL.M. in Taxation, 1976
  • University of Kansas School of Law, J.D., 1974
  • University of Kansas, B.S,, 1971
  • American Bar Association
    • Tax Section
  • State Bar of Texas
    • Tax Section
  • Dallas Bar Association
    • Member, Board of Advisers and Contributors, Journal of Taxation of Investments
  • Delta Hedge Publications
  • “Texas Margin Tax, Part II”, Petroleum Accounting and Financial Management Journal, Vol. 26, No. 3, Fall/Winter 2007, Institute of Petroleum Accounting, University of North Texas   
  • Published various articles for the Journal of Taxation of Investments
November 1, 2018

2018 Meadows Collier Annual Tax Conference... [ read ]

October 1, 2018

Dallas Bar Association Tax Section... [ read ]

April 30. 2018

Amarillo Area Estate Planning Council... [ read ]

November 15, 2017

ACPEN The Purchase and Sale of a Business Webcast... [ read ]

October 25, 2016

18th Annual Meadows Collier Tax Conference... [ read ]

November 19, 2014

"Purchase Price Allocation" and "S Corporation and Partnership Issues"... [ read ]

January 23, 2014

"Tax Considerations in the Purchase and Sale of Closely Held Businesses"... [ read ]

September 19, 2012

"IRS Exams and Collections"... [ read ]

August 23, 2012

"IRS Priority #1: Foreign Transactions, Entities and Bank Accounts"... [ read ]

November 3, 2011

"Tax Planning for the Acquisition and Disposition of Oil and Gas Interests"... [ read ]

December 7, 2010

"Tax Mumbo Jumbo: Understanding Those Mysterious Tax Sections of Partnership and Limited Liability Company Agreements"... [ read ]

November 15-16, 2010

"How CPAs Get in Trouble with the IRS" "Planning Opportunities for Financially Distressed Entities and Related Issues" "Representing Your Clients Before the... [ read ]

August 25, 2010

"Tax Planning for Financially Distressed Partnerships" "Divorce and Separation: A Taxing Experience" "Federal Income Tax Update"... [ read ]

July 22, 2010

"Tax Mumbo Jumbo: Demystifying Partnership and LLP Agreements"... [ read ]

May 7, 2009

"Tax Planning for Acquisition & Disposition of Oil & Gas Properties"... [ read ]

May 3, 2019

Have You Checked the Validity of That S Election Recently? (Relief Alternatives Available For No S Election, Invalid Elections or Inadvertent Terminations).... [ read ]

Recurring problems with many S corporations include the untimely discovery of a failure to timely file an S election, filing of an inadvertently invalid election, or inadvertent termination of a previously valid S election. Often times many years will have passed before discovery of an ineffective or inadvertently terminated S election. Absent relief, the termination of an S election can have severe consequences, particularly where the corporation has been making regular distributions. Because this is a pervasive problem under the election requirements of Subchapter S, Congress granted the IRS the power under section 1362(f) to waive invalid or inadvertently terminated S elections provided that certain requirements are satisfied.

February 13, 2019

Rental Real Estate Under Section 199A Final Regulations... [ read ]

The Section 199A Final Regulations were released on January 18, 2019 and a corrected version was issued on February 1, 2019, with a few corrections and clarifications.

February 13, 2019

Section 199A Final Regulations Issued on Eve of the 2018 Filing Season... [ read ]

The Section 199A Final Regulations were released on January 18, 2019 and a corrected version was issued on February 1, 2019, with a few corrections and clarifications. In this blog post I will address some of the key items in the Final Regulations, as clarified, other than rental real estate, which I cover in a separate blog post.

August 23, 2018

The Mixed Bag of Proposed §199A Regulations... [ read ]

The IRS issued the eagerly awaited §199A proposed regulations on August 8, which will please some, but also leave others disappointed.

April 13, 2018

Identifying a Taxpayer's Trades or Businesses for Purposes of §199A... [ read ]

At the heart of the new §199A deduction is a series of tentative deductions separately determined for each trade or business in which the taxpayer owns an interest based on 20% of qualified business income ("QBI").

January 25, 2018

Section 199A - Navigating the Maze of the New Pass-Through Deduction... [ read ]

For taxable years beginning after December 31, 2017 and before January 1, 2026 individuals and trusts are entitled to deduct 20% of their share of qualified business income from partnerships, S corporations and sole proprietorships (loosely referred to for these purposes as "pass-throughs"). . . Ahhh, if only § 199A were so simple. However this seemingly simple deduction is in fact layered with enough limitations, exemptions and phase-ins to make one's head spin.

September 16, 2016

IRS Will Once Again Rule on Corporate Business Purpose and Device Under §355... [ read ]

The IRS announced in Rev. Proc. 2016-45 that it will once again issue private letter rulings on issues of corporate business purpose and device under §355, after a hiatus of 13 years.

April 26, 2016

Navigating the Deferred Like-Kind Exchange Rules... [ read ]

Are you interested in obtaining §1031 like-kind exchange treatment upon disposition of a property but have not located suitable replacement property? You may be able to qualify for deferred exchange treatment under Reg. §1.1031(k)-1 but the Regulations will keep you on a very short leash.