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John D. Price

Associate
+1.704.331.7458
Fax +1.704.331.7598
John Price is an associate in the Charlotte office and is a member of the tax practice group. Mr. Price assists with mortgage and asset-backed securities, debt instruments and modifications, and securitization issues, with a focus on the various tax aspects of financial products. Mr. Price also advises on federal tax issues related to regulated investment companies (RICs), real estate mortgage investment conduits (REMICs), and real estate investment trusts (REITs). He also has experience representing publicly traded corporations, partnerships, tax exempt organizations, and individuals in the areas of tax planning, tax compliance, and tax controversy.

In addition, he is experienced in the preparation and negotiation of joint venture agreements, typically in the form of limited liability company operating agreements, both in real estate joint ventures and other operating businesses. Mr. Price also assists clients in various Opportunity Zone matters, including formation, structuring, and operating issues of Qualified Opportunity Funds and Qualified Opportunity Zone Business.

Professional Background

Prior to joining K&L Gates, Mr. Price was an associate in the Charlotte office of another law firm. He engaged in a diverse tax practice with experience in international, federal, state and local tax planning, as well as federal and state tax controversy and estate planning matters. He has been recognized in North Carolina Business magazine’s “Legal Elite” in the Business category

Speaking Engagements

  • "FIRPTA Fundamentals" March 2018
  • “Introduction to Opportunity Zones” January 2019

Additional Information

Publications
  • "Understanding and Addressing the Risk of Clawbacks," Taxation of Exempts, May/June 2014
  • Represented underwriters in numerous issuances of Ginnie Mae, Freddie Mac and Fannie Mae REMIC and grantor trust certificates.
  • Represented trustees in residential and commercial mortgage-backed securities.
  • Advised clients on tax and non-tax issues related to real estate joint ventures, including fund formation, development matters, and real estate dispositions.
  • Advised clients regarding Qualified Opportunity Fund (QOF) structuring and formation.
  • Advised tax exempt organizations on a broad range of tax matters, including unrelated business taxable income (UBTI), joint ventures with taxable entities, compliance matters in fundraising and advertising, and real estate transactions.
  • Advised participants in REMIC terminations, clean-up calls, and litigation settlements.
  • Advised closely-held business owners regarding tax and non-tax matters, including succession planning, buy-sell options, management matters, and other issues.
  • Advised trustees on REMIC tax implications of settlements of litigation involving put-backs.
  • Advised clients on federal tax issues related to REITs, including qualification and operational issues.
  • Advised clients on issues related to Foreign Investment in Real Property Tax Act (FIRPTA) and Foreign Account Tax Compliance Act (FATCA).
  • Advised clients on tax aspects of public and private asset management transactions, including open-end and closed-end mutual funds.
  • Represented financial institution in mortgage warehouse facilities, including repurchase facilities.
  • Advised publicly traded corporation and tax exempt entities on various aircraft tax matters, including federal excise tax and usage of corporate aircraft.
  • Represented individuals and business before the IRS and state Departments of Revenue regarding tax audit and tax appeals matter, offers in compromise, and installment agreements.