Justin W. Follis, CPA, Shareholder, Tax Services

Justin W. Follis, CPA Shareholder, Tax Services

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Contact

Phone: 865-862-6532
jfollis@lbmc.com

Location

Knoxville

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Justin W. Follis is a Shareholder with the LBMC Tax practice.

Having more than thirteen years of experience in taxation, Justin has diverse experience consulting multi-national corporations and partnerships in the areas of tax compliance, ASC 740 accounting, and tax transactional structuring.

Justin understands at a deep level the importance of planning and execution. When he isn’t diligently navigating his client’s to their goals, he’s at the controls of an airplane as a licensed pilot since 1998.

He brings to LBMC the experience of his prior role with Deloitte’s National Federal Tax Services, Partnership Solutions Group, where he consulted corporate joint ventures, publicly traded partnerships, and financial services clients on partnership transaction and compliance matters.

As a Shareholder in the Firm’s Tax Outsourcing Group, Justin serves clients ranging from global private equity groups, and private equity backed portfolio companies, to publicly traded corporations in industries such as financial services, healthcare, and manufacturing and distribution.

Certifications

  • Certified Public Accountant (CPA)

Experience

Justin’s expertise and services offerings include:

  • Assisting clients with the modeling of partnership transactions
  • Analyzing and modeling allocation provisions of partnership agreements
  • Advising upon consequences of §704(c) allocations and §704(c) method selection
  • Partnership and corporate income tax compliance
  • Preparation and review of ASC 740 income tax provisions

Community Involvement

Justin is active in the following professional organizations:

  • Tennessee Society of Certified Public Accountants (TSCPA)
  • American Institute of Certified Public Accountants (AICPA)
  • Association for Corporate Growth

Outside the Office

Originally from Huntsville, Alabama, Justin now makes his home in Knoxville, Tennessee with his wife and three young children.

Justin has been a licensed pilot since 1998 and when not occupied at the office he spends every justifiable moment flying for pleasure and travel.

Education

  • University of Tennessee, Knoxville, Master of Accountancy, concentration in Taxation, 2002
  • University of Alabama, Bachelor of Science in Business Administration with a major of Accounting, 2001