Profile
Jesse D. Sitz develops practical and tax efficient solutions and compliance advice for developers, real estate owners, businesses, farmers and ranchers, families, and public charities and private foundations regarding corporate matters, estate planning and probate matters, federal and state tax planning issues, and tax exempt matters.
Jesse’s tax advice includes structuring advice for various business transactions, including corporate and partnership tax-free and taxable asset acquisitions, joint ventures, reorganizations, divestitures, and separations. He deals with many tax-focused real estate incentives, including New Markets Tax Credits, Historic Tax Credits, Low-Income Housing Tax Credits, Qualified Opportunity Zones, and Energy Credits. Jesse is recognized as a leading attorney in Private Wealth Law in the Chambers High Net Worth Guide.
Jesse also advises business owners and their families about tax-efficient business succession and exit planning strategies, including sophisticated trust, family entity, and estate planning.
As a Chartered Advisor in Philanthropy, Jesse assists philanthropic clients in giving back to their communities. He also advises public charities and private foundations in matters involving their tax-exempt status.
Finally, Jesse works on various tax and estate-related controversies, including successful appeals to the U.S. Tax Court and Nebraska Supreme Court.
Jesse received his Juris Doctor, cum laude, from the University of Minnesota Law School in 2005. He received a Bachelor of Science from the University of Nebraska-Lincoln in 1999.
Areas of Practice
Education
- American College, Chartered Advisor in Philanthropy, 2015
- University of Minnesota Law School, J.D., cum laude, 2005
- University of Nebraska-Lincoln, B.S., Animal Science, 1999
Bar & Court Admissions
- Iowa, 2005
- Nebraska, 2006
- U.S. Tax Court, 2011
Professional & Civic Affiliations
- Nebraska Bar Association
- Iowa Bar Association
- Omaha Bar Association
- ICAN Defining Leadership for Men, 2009
- Nebraska State Bar Association 2013 Leadership Academy
- Leadership Omaha, 2014
Selected Practice Highlights
- Achieving favorable settlement in case involving $6 million IRS assessment for alleged unreasonable compensation
- Representing fiduciaries in probate and trust administration
- Representing business owners, farmers, and ranchers to develop and implement tax efficient business succession and multi-generational transition plans
- Representing developers in transactions involving historic tax credits, low income housing credits, new market tax credits, and qualified opportunity zones
- Assisting ethanol producer in $75 million venture
- Advising businesses on state tax credit structuring and incentive programs
- Assisting tax exempt organization in design of impact investing fund
Selected Recent Publications
- “Nebraska Inheritance Tax, Revocable Trust, and Power of Attorneys’ Notes,” Thompson Reuters Practical Law Company, 2020 – Present
- “Property Tax Desk book” contributing author, Nebraska Chapter of American Bar Association, 2019 – Present
- “Interest Rates and Estate Planning,” Omaha Estate Planning Council, October 2021
- “Collecting Your Loan from an Insolvent Estate,” Nebraska Banker, April 2021
- “Coordinating Retirement Accounts with Estate Planning,” 2019 NSBA Advanced Estate Planning Institute, July 2019
- “New Partnership Audit Rules: Why Attorneys Should Care and What to do to Help Clients Prepare,” Nebraska State Bar Business Law Section, 2019
-
“Determining Nebraska Inheritance Tax,” Nebraska Probate Manual, 2018
Recent Speaking Engagements
- “Tax Related Highlights of the 2023 Legislative Session – So Far: What Individuals and Businesses Need to Know,” 10 Minute Tuesday, HBE CPAs & Consultants – Wealth Management, April 2023
