Cozen O’Connor: Forsyth, James W.

James W. Forsyth

Member

Pittsburgh

(412) 620-6529

(412) 275-2390

Jim primarily works with business and corporate tax matters and the taxation of pass-through entities. He represents publicly and privately held enterprises in analyzing the federal, state, and local income tax consequences of corporate transactions, including corporate reorganizations, divisions, debt restructurings, joint ventures, and other business transactions.

Jim devotes a significant amount of his practice to resolving taxpayer disputes with the Internal Revenue Service and with the Pennsylvania Department of Revenue. He particularly enjoys working with business clients to develop the practical solutions that will help them achieve their financial and operational goals.

Jim is the author of BNA Tax Management Portfolio 765-4th "Stock Rights and Stock Dividends - Sections 305 and 306." BNA Tax Management Portfolios are often cited in federal tax cases as containing the most persuasive thinking on cutting-edge topics. This portfolio analyzes potential tax problems that could arise in connection with dividend distributions of common or preferred stock and stock rights. It provides a framework for analysis of the tax treatment of such distributions by analyzing the issues regarding when a distribution will be taxable; what factors must be considered in determining whether stock is common or preferred stock; when a distribution of preferred stock will be subject to taint under § 306; and the basis and holding period issues surrounding stock distributions. Jim is also co-author of the 2014, 2015, and 2016 Guidebook to Pennsylvania Taxes published by CCH.

Jim has garnered an AV® Preeminent distinction, the highest available mark for professional excellence from Martindale-Hubbell’s Peer Review Ratings. Also, Jim was recognized in Pittsburgh's Top Rated Lawyers (2012-2017 editions) for Business, Corporate, and Taxation law by The Legal Intelligencer. Jim has also been selected for inclusion in The Best Lawyers in America© 2017 and 2018 list.

Jim earned his bachelor’s degree from West Liberty State College. Jim earned his law degree from West Virginia University and was Order of the Coif. Jim went on to earn his LL.M. in Taxation from the University of Florida.

Experience

News

Opportunity Knocks, but Why Hasn't Pittsburgh Answered the Door?

February 14, 2019

Jim Forsyth is quoted in the Pittsburgh Business Times on why Pittsburgh may be slower to capitalize on opportunity zones than other regions.

126 Cozen O’Connor Attorneys Named to the Best Lawyers in America

August 22, 2018

One hundred twenty-six Cozen O’Connor lawyers from 20 of the firm’s national offices have been selected for inclusion in the 2018 edition of The Best Lawyers in America.

Cozen O’Connor Guides Eurofins Scientific in $670 Million Acquisition of Covance Food Solutions

May 04, 2018

The Corporate and International practices at Cozen O’Connor represented Eurofins Scientific SE in the acquisition of Covance Food Solutions from Laboratory Corporation of America Holdings (LabCorp).

Corporate Tax Attorney Joins Pittsburgh Office

February 05, 2018

Forsyth is the 30th Buchanan, Ingersoll & Rooney PC Attorney to Join the Firm in the Past Year and 20th Attorney to Join the Pittsburgh Office

Education

  • West Virginia University, J.D., 1986
  • University of Florida, LL.M., 1989
  • West Liberty State College, B.S., 1983

Awards & Honors

Top Rated Lawyer in Taxation

The Best Lawyers in America, 2017, 2019

AV Preeminent, Martindale-Hubbell

Pittsburgh's Top Rated Lawyers for Business

Legal Intelligencer, Corporate and Taxation Law

  • Pennsylvania
  • West Virginia
  • U.S. Supreme Court
  • U.S. Tax Court

Bloomberg BNA Corporate Taxation Advisory Board, Member

Bloomberg BNA Real Estate Advisory Board, Member

American Institute of Certified Public Accountants, Member

American Bar Association Section of International Law, Tax Section

West Virginia Society for Certified Public Accountants, Member

West Virginia University College of Law, Past adjunct professor

West Virginia University Foundation Planned Giving Advisory Committee, Pittsburgh