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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 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.

In the Community

A widely respected member of the tax community, Laura 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.

Laura is a co-columnist in the Tax Controversy Corner of the Journal of Passthrough Entities and a Vice Chair of the S Corporation Committee of the American Bar Association Tax Section. She is an elected Fellow of both the American College of Tax Counsel and the American Bar Foundation.

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 School of Law, teaching Basic Business Principles for Lawyers.

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

Laura is a member of the Board of Directors and Board Secretary for Girls in the Know, a 501c3 non profit organization whose mission is to inspire & empower girls to make healthy confident decisions. She also serves as the Audit Committee Chair for the Bar Association of Metropolitan St. Louis and as a Member of the Advisory Board for the Mizzou Tax and Transactional Law Society.

Awards & Recognitions

Awards

  • Missouri Lawyers Weekly, The POWER List – Tax (2021 & 2022)
  • The Best Lawyers in America® | Tax Law, St. Louis (2021 – Present)
  • Missouri Lawyers Weekly, Women’s Justice Award – General Practitioner (2018)
  • Missouri Lawyers Weekly, Up & Coming Lawyer (2014)
  • Federal Bar Association – Section of Taxation Annual Writing Competition, First Place

Recognitions

  • American Bar Foundation, Fellow
  • American College of Tax Counsel, Fellow

Significant Experience

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

Knowledge & Insights

Speaking Engagements

  • Back to Basics: Introduction to S Corporations. Midyear Tax Meeting. American Bar Association | Tax Section. Virtual. (2021)
  • Current Developments in the Federal Income Taxation of S Corporations. Joint Fall Tax Meeting. American Bar Association | Tax Section & Real Property, Trust and Estate Law Section. San Francisco, CA. (2019)
  • Important Developments in the Federal Income Taxation of S Corporations. May Tax Meeting. American Bar Association | Tax Section. Washington, D.C. (2019)
  • Changes to S Corporation, Partnership and LLC Taxation under the Tax Cuts and Jobs Act. May Tax Meeting. American Bar Association | Tax Section. Virtual. (2019)
  • Important Developments in the Federal Income Taxation of S Corporations. Midyear Tax Meeting. American Bar Association | Tax Section. New Orleans, LA. (2019)
  • Choice of Entity Under the 2017 Tax Act. May Tax Meeting. American Bar Association | Tax Section. Washington, D.C. (2018)
  • Roundtable Discussion of 199A. May Tax Meeting. American Bar Association | Tax Section. Washington, D.C. (2018)
  • Using LLCs As S Corporations. Joint Fall Tax Meeting. American Bar Association | Tax Section & Real Property, Trust and Estate Law Section. Austin, TX. (2017)
  • S Corporation – Important Developments. Joint Fall Tax Meeting. American Bar Association | Tax Section & Real Property, Trust and Estate Law Section. Boston, MA. (2016)
  • Taxes 101 for Nontax Attorneys. National Business Institute. St. Louis, MO. (2016)
  • Missouri Real Estate and Property Taxation: What Attorneys Need to Know. National Business Institute. St. Louis, MO. (2016)
  • S Corporation – Important Developments. Midyear Tax Meeting. American Bar Association | Tax Section. Los Angeles, CA. (2016)
  • Avoiding Ethical Pitfalls: Attorney Fiduciary Liability, Fraud and More. National Business Institute. St. Louis, MO. (2016)
  • Real Estate and Property Taxation: What Attorneys Need to Know. National Business Institute. St. Louis, MO. (2016)
  • Tax Law Update. Bar Association of Metropolitan St. Louis. St. Louis, MO. (2015)
  • Ethical Issues in Tax. Bar Association of Metropolitan St. Louis. St. Louis, MO. (2015)
  • 3.8% Net Investment Tax Concerns for Real Estate Investors. National Business Institute. St. Louis, MO. (2014)
  • Representing Clients with Foreign Accounts and Assets-US Federal Income Tax Issues and Exposures. Bar Association of Metropolitan St. Louis | Taxation Section. St. Louis, MO. (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. St. Louis, MO. (2013)

Publications

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

Teaching

  • Corporate Tax. Master of Laws (LL.M.) in Taxation Program. Washington University School of Law | Guest Lecturer
  • Basic Business Principles for Lawyers. University of Missouri School of Law | Adjunct Professor

Firm Programs

Firm Insights

Admissions & Qualifications

Bar & Court Admissions

  • Missouri
  • Illinois

Educational Background

  • J.D., Certificate in Tax, University of Missouri School of Law (2003)
  • B.J., University of Missouri, School of Journalism, cum laude (2000)

Leadership & Community Engagement

Current Leadership Positions

  • American Bar Association – Tax Section, S Corporation Committee | Vice Chair
  • Journal of Passthrough Entities – Tax Controversy Corner | Co-Columnist
  • Girls in the Know | Board of Directors
  • Girls in the Know | Secretary
  • Mizzou Tax and Transactional Law Society | Advisory Board Member
  • Bar Association of Metropolitan St. Louis – Audit Committee | Chair 

Past Leadership Positions

  • Bar Association of Metropolitan St. Louis – Tax Section | Chair (2015 – 2016)

Professional Organizations

  • Bar Association of Metropolitan St. Louis
  • American Bar Association | Business Law Section
  • American Bar Association | Taxation Section
  • University of Missouri-Columbia Tax and Transactional Law Society
  • The Missouri Bar

Civic & Community

  • Girls in the Know
Three Capes Sokol Attorneys Selected to 2022 POWER List for Tax
Eighteen Capes Sokol Attorneys Recognized as 2022 Best Lawyers in America
Four Capes Sokol Attorneys Selected to 2021 POWER List for Tax Law