Overview

Justin Wallace's practice primarily involves federal and state tax planning for business and real estate transactions, including the tax consequences arising from formation, operation, ownership, sale, and reorganization of C corporations, S corporations, partnerships, and limited liability companies.

Justin works closely with developers and investors in real estate transactions, including investments in qualified opportunity zones. As part of his practice, Justin routinely structures and negotiates complex real estate joint ventures and advises clients on transactional and tax issues arising from such transactions.

Justin is also active in the Tax Section of the Florida Bar. Justin currently serves as Co-Director of Section Administration and has previously served as Co-Director of the Federal Tax Division, Co-Director of the State Tax Division, and Chair of the National Tax Moot Court Competition.

During law school at the Florida State University, Justin was a judicial intern for Chief Justice Ricky Polston of the Florida Supreme Court. After graduating from law school, Justin obtained his LL.M. in Taxation from New York University School of Law, where he received the Dean’s Merit Scholarship.

Outside the office, Justin enjoys fishing, watching sports, and spending time with his wife, Megan, and their twin boys, Jackson and Connor.

Honors

  • The Best Lawyers in America® : Ones to Watch (2021-2025)
  • Florida Super Lawyers Rising Star (2022-2023)
  • TAMPA Magazine's Top Lawyers (2023)
    • Tax Law

Credentials & Experience

Education

University of Central Florida, B.S., 2007: Pi Kappa Phi Fraternity (President 2006)

Florida State University College of Law, J.D., 2013, magna cum laude

  • Order of the Coif
  • Florida State University Law Review, Member
  • Book Award: Taxation, Corporate Tax, Partnership Tax, International Tax, Gratuitous Transfers, Complex Civil Litigation and Professional Responsibility

New York University School of Law, LL.M., 2014: Nina W. Werblow Tax Fellowship

Bar Admissions

American Bar Association

The Florida Bar

Hillsborough County Bar Association

Professional & Civic

Community & Professional

  • Volunteer Income Tax Assistance Program: Volunteer Tax Preparer, 2013

Newsroom

Articles & Publications

  • The Tax Section of the Florida Bar: Taxation of Business Deals and M&A Transactions CLER Program Presenter, Asset Sale Verses Equity Sale, including 338(h)(10) Elections and F Reorganizations, April 28, 2023, St. Petersburg Beach, FL. 
  • Annual symposium of the Trusts and Estates Section of the Collier County Bar Association, Qualified Opportunity Zones, February 7, 2020, Naples, FL. 
  • 2019 Annual Convention of the Real Property, Probate and Trust Law Section of The Florida Bar, Over the Rainbow to the Land of OZ, Clearwater Beach, FL. This presentation has also been converted into a webinar for section members.
  • Firm client, Franklin Street’s Annual Sales Symposium, Investments in Qualified Opportunity Zones, July 29, 2019, Tampa, FL. Franklin Street is one of the fastest growing full-service commercial real estate firms in the southeast. 
  • Annual meeting of the Tax Section of The Florida Bar, Update on Investments in Qualified Opportunity Zones, May 2, 2019, Orlando, FL. 
  • Hill Ward Henderson’s Real Estate and Construction Spotlight, Investments in Qualified Opportunity Zones, March 5, 2019, Tampa, FL. 
  • The Florida Bar Journal, The Yellow Brick Road to [Q]OZ Becomes Clearer, January/February 2020. Available at: https://www.floridabar.org/the-florida-bar-journal/the-yellow-brick-road-to-qoz-becomes-clearer/
  • The National Law Review, New Proposed Regulations Provide Additional Clarity for Investments in Qualified Opportunity Funds, April 24, 2019. Available at: https://www.natlawreview.com/article/new-proposed-regulations-provide-additional-clarity-investments-qualified
  • Served as co-author of The Florida Bar Tax Section’s comments to the Proposed Regulations under Section 1400Z-2 (Qualified Opportunity Zones) submitted to the Internal Revenue Service. 
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