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Laura E. Krebs Al-Shathir

Shareholder

“Walking With a Friend in the Dark is Better Than Walking Alone in the Light.” – Helen Keller

Areas of Concentration

  • Tax Advice and Structuring
  • Tax Controversy
  • Mergers and Acquisitions
  • Choice of Entity
  • Non-Profit Organizations
  • Commercial Transactions

Experience at Work

Laura Al-Shathir serves as tax and corporate counsel to businesses in a variety of industries.  Her clients range from multi-national corporations to small businesses, and include limited liability companies, S corporations, and non-profits.

Laura provides business planning advice in a wide variety of corporate transactions, focusing on the associated federal income tax issues.  She negotiates, structures, and assists with the implementation of a variety of commercial transactions, including mergers, acquisitions, and divestitures; tax-free reorganizations; debt restructurings; financing transactions; tax-deferred like-kind exchanges; various types of contracts and agreements; and executive compensation plans.

As special tax counsel, Laura represents clients in income tax and in sales and use tax controversies throughout the United States.  She assists corporations, partnerships, and individuals in resolving complex tax controversy matters at the examination level, in IRS appeals, in the U.S. Tax Court, and in making voluntary disclosures.

With a background in international tax, she represents clients in resolving tax compliance issues related to foreign income and assets.

She is a Vice Chair of the S Corporation Committee of the American Bar Association (ABA) Tax Section and is a frequent speaker at national ABA Tax Section conferences, speaking on changes in tax law, choice of entity, and a variety of topics pertinent to S Corporations.  She is a co-columnist in the Tax Controversy Corner of the Journal of Passthrough Entities.

Laura has served as a standing guest lecturer for Corporate Tax at the Washington University School of Law LL.M. in Taxation Program, and she is an adjunct professor of law at the University of Missouri-Columbia School of Law, teaching Basic Business Principles for Lawyers.

In 2018, Laura was admitted as a Fellow in the American College of Tax Counsel, and in 2018, she received a Women’s Justice Award from Missouri Lawyers Weekly.  In 2014, she was named a “Missouri Lawyers Weekly Up and Coming Lawyer.”

In the Community

Laura is devoted to a variety of non-profit and pro bono work through St. Louis Volunteer Lawyers and Accountants for the Arts and Legal Services of Eastern Missouri, helping non-profit corporations obtain and maintain their tax-exempt status.

She is a member of the Board of Directors and Board Secretary for the non-profit organization, Girls in the Know. She also serves on the Advisory Board for the University of Missouri–Columbia Tax and Transactional Law Society.  She is the past-chair of the Bar Association of Metropolitan St. Louis (BAMSL) Tax Section, and she is the current chair of the BAMSL Audit Committee.

Memberships & Associations

  • Bar Association of Metropolitan St. Louis
    • Chair of Audit Committee, 2017 – Present
    • Chair of Taxation Section, 2015-2016
  • American Bar Association, Sections of Taxation and Business Law
    • Vice Chair of the S Corporation Committee of the Section of Taxation, 2019 – Present
  • Missouri Bar

Awards & Designations

  • American College of Tax Counsel, Fellow
  • Missouri Lawyers Weekly, Women’s Justice Award – General Practitioner, 2018
  • Missouri Lawyers Weekly, Up and Coming Lawyer, 2014
  • Federal Bar Association Section of Taxation Annual Writing Competition – First Place

Publications

  • Tax Controversy Corner: “Entity Level Penalties: Worth the Fight?” Journal of Passthrough Entities, July-August 2019
  • Tax Controversy Corner: “Tax Return Preparer Penalties: Does Choice of Entity Impact Liability Exposure?” Journal of Passthrough Entities, November – December 2018
  • Tax Controversy Corner: “Let’s Not Forget, Partnerships Are Not the Only Passthrough Entities Subject to IRS Examination,” Journal of Passthrough Entities, March – April 2018
  • Tax Controversy Corner: “The Elimination of Partner-Level Penalty Defenses in the Post-TEFRA World”, Journal of Passthrough Entities, July-August 2017
  • Tax Controversy Corner: “When Is an S Corporation a “Corporation
    Under the Code?”, Journal of Passthrough Entities, March – April 2016
  • “Help Clients with Undisclosed Foreign Accounts and Assets Mitigate Criminal and Financial Exposure,” The Asset (published by the Missouri Society of Certified Public Accountants), Jan. 2015
  • “Missouri’s New Series LLC Law“
  • “The Swiss and Foreign Account Controversy and International Tax Fraud in the 21st Century,” St. Louis Bar Journal, Summer 2013

Presentations

  • “Real Estate and Property Taxation: What Attorneys Need to Know,” National Business Institute, Aug. 2016
  • S Corporation – Important Developments,” American Bar Association Tax 2016 Midyear Meeting, Jan. 2016
  • “Tax Law Update,” Bar Association of Metropolitan St. Louis (BAMSL), June 2015
  • “Ethical Issues in Tax,” Bar Association of Metropolitan St. Louis (BAMSL), June 2015
  • “3.8% Net Investment Tax Concerns for Real Estate Investors,” National Business Institute, Nov. 2014
  • “Representing Clients With Foreign Accounts and Assets-US Federal Income Tax Issues and Exposures,” Bar Association of Metropolitan St. Louis, Sept. 2014
  • “Navigating the Ethical Minefield and Keeping Your C.P.A. License! Practical Advice for Avoiding Ethical Concerns in Your Tax Practice and Properly Handling Them When They Arise,” Missouri Society of Certified Public Accountants, Nov. 2013

Significant Representations

  • Serving on the team that prevailed in Tax Court on behalf of our client, the taxpayers, in Bross Trucking, Inc., et al. v. Commissioner
  • Negotiating and implementing the closing of an eight-figure tax free “split-off” pursuant to Internal Revenue Code Section 355
  • Frequently representing clients in resolving civil and criminal tax and reporting non-compliance issues with respect to foreign source income and assets as part of the IRS Offshore Voluntary Disclosure Program (OVDP) or the Streamlined Filing Compliance Procedure
  • Structuring S corporation acquisitions implementing the use of Internal Revenue Code Section 338(h)(10) elections
  • Negotiating complex shareholder agreements and limited liability company operation agreements

Licensed to Practice

  • Missouri
  • Illinois

Education

  • J.D., Certificate in Tax, University of Missouri–Columbia School of Law, (2003)
  • B.J., University of Missouri–Columbia School of Journalism, cum laude (2000)
Capes Sokol Tax Lawyers to Present at 2019 ABA Tax Section May Meeting
Al-Shathir Elected To the American College of Tax Counsel
Three Capes Sokol Lawyers to Present at 2018 ABA Tax Section Fall Meeting