The Atlanta Lawyer June/July 2013 | Page 43

SECTION UPDATE Tax Law Section Year-End Update By Julian A. Fortuna Taylor English Duma LLP jfortuna@taylorenglish.com D uring the fiscal-year ending on May 31, 2013, the Tax Law Section hosted three CLE Seminars and participated in three joint meetings with the Taxation Law Section of the State Bar of Georgia. We also co-hosted various social events with the Elder Law, Estate Planning and Probate, and Family Law Sections and with the Georgia Society of Certified Public Accountants. Our first CLE Seminar was a Breakfast Meeting held in October at the Buckhead Club featuring Matthew R. Crow, ASA, CFA, President, Mercer Capital. Mr. Crow’s presentation was entitled “Tips, Tricks and Secrets of the Business Appraisal World: What Every Attorney Needs to Know When Employing a Business Valuation Expert.” The Second CLE Seminar was a Breakfast Meeting in November at the Buckhead Club featuring Doug W. Butler, J.D., of Moore Ingram Johnson and Steele, LLP. Mr. Butler discussed “Using Small Captive Insurance Companies to Reduce Taxes and Lower Premiums.” The final CLE Seminar was a luncheon meeting sponsored by AB Bernstein Global Wealth Management. Bernstein National Managing Director, Paul S. Lee, J.D. LL.M. spoke about the impact of the “American Tax Relief Act of 2012” on income, estate and gift tax planning for high net worth individuals and business owners. Two of the joint meetings held with the Taxation Law Section of the State Bar of Georgia were Tax Bar Liaison Meetings. Representatives from the Georgia Department of Revenue and the Georgia Attorney General’s Office attended these meetings. The purpose of these semi-annual meetings held in November and May each year was to provide a forum for discussion of administrative, legislative and judicial developments impacting taxpayers in Georgia. The other joint meeting was a CLE Seminar held in January entitled “Ethics and Professionalism in the Practice of Tax Law”. At this meeting, David F. Golden, Partner, Troutman Sanders, presented an update on the regulations governing practice before the Internal Revenue Service and a discussion of The Official News Publication of the Atlanta Bar Association recent cases addressing the circumstances under which taxpayers have avoided civil tax penalties due to good faith reliance on the advice a competent tax professional. Following the presentation on Ethics, the featured speaker, Honorable Charles R. Beaudrot, Jr., Chief Judge of the newly-established Georgia Tax Tribunal, addressed the topic of Professionalism. Judge Beaudrot discussed his expectations regarding professionalism in the Georgia Tax Tribunal noting that it is a non-jury trial court where the parties will always be a taxpayer and the State of Georgia. He reminded the participants that litigation of tax cases differs from litigation with a non-recurring party in that the government is a unique litigant because it must consider the ramifications of a potential settlement or decision after trial on other taxpayers. Thus, it does not always have the same motivations or incentives as a private litigant. He went on the say that while he expects all litigants to be forthcoming in responding to discovery requests in the Georgia Tax Tribunal he will not tolerate “fishing expeditions.” For the upcoming year, the Tax Law Section is planning to continue its joint programs with the Taxation Law Section of the State Bar of Georgia, including the semi-annual Tax Bar Liaison Meetings. We also plan to have more luncheon seminars and joint events with other Atlanta Bar Sections. Our first joint program this year will be an Estate Planning Forum at the Cobb Energy Centre featuring Natalie B. Choate, a renowned Trusts and Estates Lawyer. The program is planned for October 30, 2013 and will be cosponsored with the Estate Planning and Probate Section and includes 3.5 hours of CLE followed by a cocktail reception. We are projecting an attendance of nearly 200, so please register early. ■ June/July 2013 THE ATLANTA LAWYER 43