Practice

The Firm has a broad tax practice that serves its large corporate clients, most of which are insurance companies, their corporate affiliates, their customers and clients, and their employees and marketing agents. In addition, the Firm represents state insurance departments in various tax matters, including insolvencies, demutualizations and non-profit conversions. As leading experts in the highly-specialized field of the taxation of insurance companies and their products, the Firm is often engaged to litigate industry-wide issues, to secure regulations or rulings from the Treasury Department and the National Office of the IRS, to represent a company in an acquisition or sale transaction, and to advise on tax contingency reserves and tax accruals. The Firm provides efficient service to its insurance clients because of its expertise in specialized insurance tax issues and its extensive knowledge of the industry, including the unique regulatory, actuarial and accounting rules applicable to insurers.

 

The Firm routinely provides counsel on federal tax matters affecting insurance companies and their customers. The issues involve insurance and financial products, corporate transactions, reinsurance, reserves, insolvencies of insurance companies, tax accounting, tax contingency reserves, foreign tax matters, tax hedges and derivatives, deferred and executive compensation, information reporting and withholding, and tax-exempt organizations. The projects entail litigation, tax controversies, tax planning and consulting, issuance of tax opinions, and expert testimony. The Firm provides its clients well crafted and thoughtful tax planning and advice.

 

The Firm frequently is engaged to work with accounting firms and other law firms to provide technical litigation support, insurance tax expertise or expert testimony. The Firm also provides an independent second look to the advice of in-house tax personnel, public accounting or other law firm consultants. The Firm is well known for its ability to work cooperatively with in-house personnel or other consultants who have responsibility for related aspects of the project. The Firm’s attorneys have a well-earned reputation for their integrity and their ability to work well with government personnel. This is partly attributable to the fact that each of the Firm’s partners is a former government attorney who understands how tax agencies operate and who maintains close working relationships with former colleagues. In all matters, the goal of the Firm is to provide accurate, cost-effective and responsive service to the client.

 

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