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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 counsels clients ranging from individuals and small business owners to multi-national corporations, limited liability companies, S corporations and non-profits. She provides tax and business planning advice in various corporate transactions, including selection and formation of business entities, acquisitions, expansions, employee benefits and executive compensation, redemptions of ownership interests, and dissolutions and terminations of businesses. She also serves as special tax counsel to corporate tax clients in IRS exams.

Laura has an extensive background in international tax and frequently advises and represents clients in resolving issues relating to tax and reporting non-compliance with respect to foreign source income and assets, such as by making an offshore voluntary disclosure to the IRS.

Furthermore, generally in her tax controversy practice, Laura represents clients’ interests in resolving disputes with the Internal Revenue Service and the Missouri Department of Revenue, whether guiding them through an income tax audit or representing them in an IRS appeal or tax litigation.

She also negotiates and implements mergers and acquisitions, real estate deals, including Internal Revenue Code Section 1031 transactions, and executive compensation plans, providing a particular emphasis on relevant tax considerations and requirements, such as Internal Revenue Code Section 409A.

Laura has experience assisting companies with understanding and planning for changes in health care legislation and advising employers with respect to various employee benefit and executive compensation issues.

Laura is a frequent speaker at national American Bar Association Tax Section conferences, speaking on the topic of S Corporations, and she is a co-columnist in the Tax Controversy Corner of the Journal of Passthrough Entities.

In the Community

Laura is devoted to a variety of non-profit and pro bono work, including forming and providing legal advice to non-profit corporations and helping organizations obtain and maintain their tax-exempt status.

She serves pro bono clients through St. Louis Volunteer Lawyers and Accountants for the Arts and Legal Services of Eastern Missouri. Laura is a member of the Board of Directors of Girls in the Know as well as Downtown Children’s Center, where she serves as chair of the Scholarship Committee. She also serves on the Advisory Board for the University of Missouri–Columbia Tax 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.

Laura is an adjunct professor of law at the University of Missouri-Columbia School of Law, teaching Basic Business Principles for Lawyers.

Memberships & Associations

  • Bar Association of Metropolitan St. Louis
    • Chair of Taxation Section, 2015-2016
  • American Bar Association, Sections of Taxation and Business Law
  • 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: “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)
Al-Shathir Elected To the American College of Tax Counsel
Three Capes Sokol Lawyers to Present at 2018 ABA Tax Section Fall Meeting
Al-Shathir to Speak About Section 199A at September 2018 ABA Tax Webinar