[Hybrid Event] The New Corporate AMT and Attorney/Client Privilege: Why Your Attorney Should Hire Your Accountant

January 12th
Houston, TX
Vinson & Elkins LLP
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Vinson & Elkins LLP

January 12th, 2023
12:00 PM - 1:00 PM CT
Vinson & Elkins - Houston Office / Texas Tower
845 Texas Avenue, Suite 4700
Houston, TX 77002

The new corporate alternative minimum tax (“CAMT”) generally applies to corporations with 3-year average “book” income in excess of $1 billion. Thus whether a corporation owes CAMT may depend on positions taken under GAAP. Anticipating IRS audits, clients may wish to keep confidential various communications created when formulating GAAP positions to minimize their CAMT exposure. The limited privilege tax accountants claim under Internal Revenue Code §7525, however, is not as effective in preserving confidentiality as your tax lawyer’s attorney-client privilege. During this webinar, we’ll explain how engaging accountants through your lawyer can shield the accountants’ work with the more comprehensive attorney-client privilege.

CLE pending

Speakers

George Matthew Gerachis

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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