May 8, 2020 – Michael Karlin has been elected as one of 13 new Fellows of the American College of Tax Counsel, a group of America’s leading tax lawyers. Membership is reserved for tax lawyers who have made an exceptional contribution to their chosen profession. Fellows must be nominated for the honor of membership and must then undergo a rigorous screening process prior to being elected as Fellows of the College.
May 1, 2020 - Michael Karlin has established the “Tax Residence and Coronavirus Working Group”, a group of over 70 prominent international tax lawyers and accountants advocating for action by the Treasury Department and the IRS to provide relief to non-U.S. individuals unable to leave the United States due to the coronavirus pandemic and who may involuntarily become U.S. residents and subject to other tax burdens. Following the release by the IRS of Revenue Procedures 2020-20 and 2020-27 and some FAQs, the group has held a Zoom meeting with government representatives and will shortly be submitting comments on several issues. If you are a tax professional and would like to participate, please contact Michael Karlin.
March 22, 2020 - Michael Karlin, on behalf of the Los Angeles International Tax Club, submitted a letter to Treasury, IRS and Congress, requesting guidance on IRC section 7701(b) definition of resident alien to allow aliens to exclude days of presence during national emergency and to expand medical condition exception. The letter is available here.
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Karlin & Peebles is recruiting – we are looking for an associate to work on international tax matters and an estate planning associate. More information is available on our Career Opportunities Page.
The Firm has been recognized by U.S. News & World Report as a Tier One firm in Los Angeles for both Trusts & Estates Law and Tax Law. Individual lawyers in the firm have also been recognized. More about this on our News Page.