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September 10, 2014Press Release

Michael Best Partner Timothy G. Schally Authors Significant Book on Income Taxation of Mergers & Acquisitions

Michael Best & Friedrich LLP partner Timothy G. Schally recently authored a Tax Management Portfolio book titled, Tax Consequences of Contingent Payment Transactions.  The book focuses on the transfer of a business for consideration dependent on its future performance, while also addressing important tax subjects in mergers and acquisitions.  The book is part of the U.S. Income Tax Series published by Bloomberg BNA, a leading source of legal, regulatory, and business information for professionals.  Bloomberg BNA’s award-winning Tax Management Portfolios are the trusted source for thorough, topic-driven, in-depth analysis of tax topics and issues. 

Schally’s co-author, Jeffrey L. Kwall, Esq., is a Tax Law Professor at Loyola University Chicago School of Law.  Professor Kwall has published tax articles in many law and tax journals, and is the author of a leading law school casebook on the income taxation of business entities.

“It was a privilege to work with Professor Kwall on this book and an honor to have contributed to this prominent series with Bloomberg BNA,” Schally said. 

Schally serves as Chair of Michael Best’s Taxation Group and has extensive experience 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.  He also 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.

Schally received his Juris Doctor, with honors, from the University of Wisconsin Law School and his Bachelor’s degree, with honors, from Marquette University.

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