Jacob D. Millis

He | Him | His

Associate

Denver
T +1.303.764.4061
F +1.303.861.7805

Overview

Jacob Millis leverages his extensive tax background as he assists high net worth individuals with their specific concerns and the complicated tax issues and compliance involved as they plan to transition their estates and businesses to the next generation.

Efficient and thorough, Jake approaches each situation with a teamwork-oriented mindset, working in tandem with the client to identify and achieve their long-term goals through sales, acquisitions, reorganizations, restructuring and other creative solutions.

Select Experience

  • Represented clients in estate and gift tax and income controversy matters, including the estate of an ultra-high net worth individual in IRS dispute involving intra-family promissory notes, family limited partnership interests and grantor retained annuity trusts (GRATs).
  • Advised real estate and private equity sponsors on freeze partnership structures and the Section 2701 special valuation rules, primarily involving gifting equity interests in limited liability companies with multiple classes of equity.
  • Advised clients on tax-efficient exit strategies, including sales and redemptions of partnership/LLC interests, sales and redemptions of S corporation stock and sales of C corporation stock (including Section 1202 stock).
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Experience

  • Represented clients in estate and gift tax and income controversy matters, including the estate of an ultra-high net worth individual in IRS dispute involving intra-family promissory notes, family limited partnership interests and grantor retained annuity trusts (GRATs).
  • Advised real estate and private equity sponsors on freeze partnership structures and the Section 2701 special valuation rules, primarily involving gifting equity interests in limited liability companies with multiple classes of equity.
  • Advised clients on tax-efficient exit strategies, including sales and redemptions of partnership/LLC interests, sales and redemptions of S corporation stock and sales of C corporation stock (including Section 1202 stock).
  • Advised clients on tax-efficient merger, restructuring and consolidation strategies, including tax-free corporate reorganizations, partnership mergers and divisions and part gift/part contribution transactions involving rollover equity.
  • Advised real estate sponsors and investors on Opportunity Zones, including structuring and drafting organizational documents for qualified opportunity funds and qualified opportunity zone business entities; advised Opportunity Zone investors on gain deferral, timing rules and gain exclusion benefits associated with Opportunity Zones.

Recognitions and Memberships

Recognitions

  • The Best Lawyers in America® "Ones to Watch" in Colorado: Tax (2022 to 2023)

Prior Positions

  • KPMG LLP: State and Local Tax Associate (2016 to 2017)
  • The Honorable Judge Elizabeth Crewson Paris, U.S. Tax Court: Law Clerk (2015 to 2016)

Admissions

  • U.S. Tax Court
  • Colorado

Education

  • J.D., University of Denver Sturm College of Law, 2015
  • B.S., Accounting, University of Wisconsin, La Crosse, 2011