WASHINGTON, Aug. 25, 2016 /PRNewswire/ -- Ivins, Phillips & Barker, Chartered, the nation's premier tax and employee benefits specialty law firm, is pleased to announce that Lawrence M. ("Larry") Axelrod has joined the firm as a partner in the corporate tax group, effective August 1, 2016. Mr. Axelrod, who most recently served as Special Counsel to the IRS Associate Chief Counsel (Corporate), joins the Ivins corporate tax group and will lead the firm's consolidated return and M&A tax practices.
"We are thrilled to have a professional of Larry's caliber join our corporate and M&A tax team – there are very few attorneys of his sophistication and knowledge in the complex corporate tax matters space," said Ivins Managing Partner Eric Fox. "While the firm has always been a leader in corporate tax, when Bob [Wellen] was tapped last year to lead corporate tax at the IRS we recognized a clear need to find a compelling successor to lead our corporate and M&A tax practice. Larry not only fills that gap, but also brings with him unparalleled expertise gained through high-level government service."
"Larry is simply unmatched in his expertise in corporate, M&A and consolidated return tax matters," commented Ivins partner, Jeff Moeller. "His extensive, specialized knowledge in this complicated area, coupled with his intimate knowledge of the Washington tax landscape, complement the strengths and skills of the Ivins business tax team and provide a meaningful benefit to our large domestic and multinational clients."
Throughout his career, Mr. Axelrod has demonstrated exceptional talent in numerous areas of federal income taxation, with a particular emphasis on M&A, internal restructuring, spin-off, debt versus equity, and consolidated return matters. At the IRS, Mr. Axelrod drafted and supervised the promulgation of corporate tax regulations and similar guidance, and worked with taxpayers seeking private letter rulings on vexing corporate tax issues. Prior to the IRS, he served for more than 20 years as a partner in Deloitte Tax's Washington National Tax office, where he advised clients and other Deloitte offices around the world on the most challenging corporate tax questions.
Mr. Axelrod is author of Consolidated Tax Returns, a leading treatise on consolidated returns published by Thompson Reuters. In addition, he has authored numerous articles on consolidated return tax issues including The Supreme Court, Consolidated Returns, and 10-Year Carrybacks, which was cited by the U.S. Supreme Court in its 8-1 decision in favor of the firm's client in United Dominion Industries, Inc. v. U.S., 532 U.S. 822 (2001). Mr. Axelrod is a regular speaker at American Bar Association Taxation Section meetings and corporate tax panels presented by the Practising Law Institute. He also is an adjunct professor at Georgetown University Law School, where he teaches a consolidated returns course in the Master of Law in Taxation program. He earned an LL.M from Georgetown, a J.D. from the USC School of Law, and a B.A. from SUNY at Stony Brook.
As to why Mr. Axelrod chose Ivins, he said, "Earlier in my career – when I was doing M&A corporate tax planning at a Big Four accounting firm – a client once asked me to recommend a law firm for a second opinion; I recommended Ivins without hesitation, because I knew that the tax advice would be creative, solid and the best available anywhere." He continued, "to now have the opportunity to join that firm, and lead the corporate and M&A tax practices that Bob Wellen once led, is truly an honor."
The arrival of Mr. Axelrod continues Ivins' expansion of its tax-related legal services teams. Earlier this year, tax controversy partner James Brown rejoined the firm's tax controversy practice, following the firm's addition of legendary tax legislative, regulatory and policy services expert Hank Gutman.
Ivins, Phillips & Barker, Chartered, is a specialty law firm devoted exclusively to tax and employee benefits, with offices in Washington, DC and Los Angeles. Ivins specializes in representing Fortune 100 and Fortune 500 clients in corporate tax and employee benefits matters, and has developed an extraordinary number of senior-level tax executives in U.S. government service. For more information about Ivins, please visit our website at www.ipbtax.com.
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