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What's Shaping Tax Controversy in the US: Leading Issues Examined


Level: Advanced
Runtime: 87 minutes
Recorded Date: October 11, 2023
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Agenda

Learning Objectives:
  • Identify key areas of concern and targets within tax enforcement, including large partnerships, corporations, high-income individuals, and emerging issues such as cryptocurrency.
  • Recognize recent trends and developments in tax controversies, including audit rate fluctuations, enforcement priorities, and the evolving landscape of state and local tax disputes.

For NY - Difficulty Level: Experienced attorneys only (non-transitional)

Description

ITax controversy is a major concern of businesses across industries primarily due to intensified scrutiny on tax avoidance practices. As the market rapidly evolves, tax disputes are becoming more prevalent both domestically and globally, posing significant challenges for multinational companies. These companies often find themselves entangled in tax disputes across different jurisdictions, placing a considerable strain on their resources.

In today’s ever-changing tax landscape, new sources of controversy continue to surface along with the stringent tax laws. This dynamic environment makes it more critical for businesses to be wary of their existing practices to mitigate tax controversies.

In this program, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the recent and significant tax controversies. The speakers will provide best approaches on how to effectively navigate the complexities of tax disputes and safeguard their financial stability.

Provided By

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Panelists

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Michael Steffany

Senior Attorney
Withers Bergman LLP

Michael is a senior attorney at Withers Bergman LLP. His practice focuses on domestic and international tax planning, compliance, and controversy resolution for individuals and closely held businesses.

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Shannon Retzke Smith

Partner
Withers Bergman LLP

Shannon is a partner at Withers Bergman LLP. She focuses her practice on sensitive tax matters, which often involve negotiations with government agencies. Shannon represents clients in a broad range of tax, trust, estate, and business planning issues. Her work involves planning for high net worth US and international families, with particular emphasis on planning for closely-held businesses. Shannon’s planning work for clients involves a range of matters, from creating tax-efficient wealth transfer structures to addressing income tax issues arising from investments and operating businesses. She has advised prominent politicians, business people, and well-known athletes. She is known globally as one of the go-to attorneys for individuals with US tax or reporting issues and has represented clients from over 20 countries in the last year.

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W. Curtis Elliott, Jr.

Partner
Culp Elliott & Carpenter PLLC

Curtis Elliott is one of the leading tax litigators in the United States. He has over 30 years of experience litigating civil and criminal tax cases, including IRS audits and appeals, and grand jury proceedings. He has extensive courtroom trial experience in the U.S. Tax Court, the Federal District Courts and state courts. His tax advocacy has resolved some of the most complex, high stakes tax cases for clients. Mr. Elliott’s clients include Fortune 500 companies, entrepreneurial companies, estates and individuals. He works closely with co-counsel and CPA firms. Mr. Elliott is a Fellow in the American College of Tax Counsel and is very active in the ABA Section of Taxation. He speaks at conferences across the country on tax dispute topics.


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