McKinney practiced in public accounting for nine years in Birmingham and Memphis. She specialized in tax consulting and planning with extensive client experience in the real estate industry and partnership tax issues. Ms. McKinney joined The University of Alabama Culverhouse School of Accountancy as a full-time faculty member in 2001 and has taught undergraduate level courses in taxation and financial accounting for the last 21 years. Primary courses of instruction include Introduction to Financing Accounting, Individual Taxation, and Business Entity Taxation.
McKinney is director of The Culverhouse School of Accountancy LIFT community outreach and experiential learning program. This initiative utilizes University students to teach free computer, financial, and career classes to adults, veterans, seniors, and teens in under-served communities. The program utilized over 600 volunteers and leaders in the Spring 2023 semester, teaching over 35 classes each week throughout West and Central Alabama. During the pandemic, LIFT continued to provide classes virtually. Through the LIFT program, students work with food banks in west Birmingham and Selma to help them with volunteer management, inventory management systems, accounting, and warehouse organization.
McKinney also provides tax training for many small to mid-sized accounting firms in the Southeast, as well as nonprofit organizations. Over the past four years, McKinney and LIFT have partnered with The Central Alabama Redevelopment Alliance to build an accelerator to support underrepresented micro-businesses in Alabama. University students are utilized in this capacity to provide accounting and other business services to both for-profit and non-profit businesses.
This session covers changes in the utility of S corporations over the years, including innovative uses in tax planning. The discussion will also include potential changes to S corporations in the near future. Are they outdated dinosaurs, simple creatures, or a potential new species?
McKinney practiced in public accounting for nine years in Birmingham and Memphis. She specialized in tax consulting and planning with extensive client experience in the real estate industry and partnership tax issues. Ms. McKinney joined The University of Alabama Culverhouse School of Accountancy as a full-time faculty member in 2001 and has taught undergraduate level courses in taxation and financial accounting for the last 21 years. Primary courses of instruction include Introduction to Financing Accounting, Individual Taxation, and Business Entity Taxation.
McKinney is director of The Culverhouse School of Accountancy LIFT community outreach and experiential learning program. This initiative utilizes University students to teach free computer, financial, and career classes to adults, veterans, seniors, and teens in under-served communities. The program utilized over 600 volunteers and leaders in the Spring 2023 semester, teaching over 35 classes each week throughout West and Central Alabama. During the pandemic, LIFT continued to provide classes virtually. Through the LIFT program, students work with food banks in west Birmingham and Selma to help them with volunteer management, inventory management systems, accounting, and warehouse organization.
McKinney also provides tax training for many small to mid-sized accounting firms in the Southeast, as well as nonprofit organizations. Over the past four years, McKinney and LIFT have partnered with The Central Alabama Redevelopment Alliance to build an accelerator to support underrepresented micro-businesses in Alabama. University students are utilized in this capacity to provide accounting and other business services to both for-profit and non-profit businesses.
This session covers changes in the utility of S corporations over the years, including innovative uses in tax planning. The discussion will also include potential changes to S corporations in the near future. Are they outdated dinosaurs, simple creatures, or a potential new species?
-optimized.jpg)
At the heart of McGowin Tax is Alex McGowin, whose career began at PwC in Houston, TX, focusing on the intricate tax issues faced by US expatriates and nonresidents. Alex's journey in international taxation deepened with his role at Grant Thornton, where he led a team dedicated to resolving complex tax matters for multinational corporations. He further honed his expertise in the corporate tax department of an international steel manufacturing corporation, tackling diverse corporate international tax challenges. These rich experiences culminated in the founding of McGowin Tax, LLC, where Alex's deep knowledge now fuels our commitment to personalized service.
Alex holds a bachelor’s degree in finance from the University of Mississippi and a master’s degree in tax accounting from the University of Alabama. Beyond his professional pursuits, Alex is passionate about sharing his knowledge as a professor, teaching Taxation of Individuals and Business Entities to both undergraduate and graduate students at the University of Mobile. This role in academia underscores his dedication to the field and enriches the custom guidance he provides at McGowin Tax.
You don’t need to be a multi-millionaire or global executive to have foreign reporting obligations on a U.S. tax return. As the workforce becomes more international and mobile, many taxpayers face these requirements without even realizing it. This presentation will cover the key U.S. tax reporting rules for individuals with ownership in foreign business entities, with a focus on Forms 5471, 8865, and 8858. Attendees will gain practical guidance on identifying filing requirements and avoiding costly penalties through better compliance.
At the heart of McGowin Tax is Alex McGowin, whose career began at PwC in Houston, TX, focusing on the intricate tax issues faced by US expatriates and nonresidents. Alex's journey in international taxation deepened with his role at Grant Thornton, where he led a team dedicated to resolving complex tax matters for multinational corporations. He further honed his expertise in the corporate tax department of an international steel manufacturing corporation, tackling diverse corporate international tax challenges. These rich experiences culminated in the founding of McGowin Tax, LLC, where Alex's deep knowledge now fuels our commitment to personalized service.
Alex holds a bachelor’s degree in finance from the University of Mississippi and a master’s degree in tax accounting from the University of Alabama. Beyond his professional pursuits, Alex is passionate about sharing his knowledge as a professor, teaching Taxation of Individuals and Business Entities to both undergraduate and graduate students at the University of Mobile. This role in academia underscores his dedication to the field and enriches the custom guidance he provides at McGowin Tax.
You don’t need to be a multi-millionaire or global executive to have foreign reporting obligations on a U.S. tax return. As the workforce becomes more international and mobile, many taxpayers face these requirements without even realizing it. This presentation will cover the key U.S. tax reporting rules for individuals with ownership in foreign business entities, with a focus on Forms 5471, 8865, and 8858. Attendees will gain practical guidance on identifying filing requirements and avoiding costly penalties through better compliance.
Sidney W. Jackson IV is a senior managing associate in Dentons Sirote’s Birmingham, Alabama office. He is a member of the Tax Controversy practice group, where his practice focuses on all phases of federal and state tax controversies, including IRS audit, administrative appeals, and court proceedings in the U.S. Tax Court, federal district court, and state tax tribunals.
Sidney received an LLM in Taxation from NYU School of Law. He earned his JD cum laude from Samford University’s Cumberland School of Law, where he was in the top 15% of his class, a Scholar of Merit, and the online managing editor for the Cumberland Law Review, among other activities. Sidney graduated with a BS in accounting from the University of South Alabama with a merit-based scholarship. During his undergrad years, he served as president of Tau Kappa Epsilon, treasurer of the Student Government Association, and a volunteer for VITA, a free service that prepares federal and state taxes.
Gregory Rhodes is a shareholder in Dentons Sirote’s Birmingham, Alabama office, where he is a member of the Tax practice group and leads the Dentons Sirote Tax Controversy team.
In his practice, Greg focuses on complex tax controversy and tax litigation work. He has successfully represented professional athletes, partnerships, corporations, and individuals as a first-chair trial attorney in high-stakes federal and local tax litigation throughout the country. Greg has also successfully handled complex tax cases in various United States Circuit Courts of Appeals.
Greg is a former law school professor and remains a frequent lecturer and author on tax topics and is often interviewed and quoted by national publications.
Think you’d know if your partnership was under audit? Think again. Under the Bipartisan Budget Act of 2015 (BBA), the IRS now audits partnerships at the entity level—with virtually no statutory notice requirements to inform individual members. This presentation will demystify the centralized partnership audit regime (CPAR), walking through the lifecycle of a BBA audit from selection to resolution. We’ll highlight key strategic points for partnerships and their advisors, including the real-world impact of push-out elections, modification requests, and post-litigation statements. Whether you’re a tax practitioner, advisor, or just an unwitting partner, this session will ensure you understand how the BBA regime might affect you—even if no one told you it’s happening.
Sidney W. Jackson IV is a senior managing associate in Dentons Sirote’s Birmingham, Alabama office. He is a member of the Tax Controversy practice group, where his practice focuses on all phases of federal and state tax controversies, including IRS audit, administrative appeals, and court proceedings in the U.S. Tax Court, federal district court, and state tax tribunals.
Sidney received an LLM in Taxation from NYU School of Law. He earned his JD cum laude from Samford University’s Cumberland School of Law, where he was in the top 15% of his class, a Scholar of Merit, and the online managing editor for the Cumberland Law Review, among other activities. Sidney graduated with a BS in accounting from the University of South Alabama with a merit-based scholarship. During his undergrad years, he served as president of Tau Kappa Epsilon, treasurer of the Student Government Association, and a volunteer for VITA, a free service that prepares federal and state taxes.
Gregory Rhodes is a shareholder in Dentons Sirote’s Birmingham, Alabama office, where he is a member of the Tax practice group and leads the Dentons Sirote Tax Controversy team.
In his practice, Greg focuses on complex tax controversy and tax litigation work. He has successfully represented professional athletes, partnerships, corporations, and individuals as a first-chair trial attorney in high-stakes federal and local tax litigation throughout the country. Greg has also successfully handled complex tax cases in various United States Circuit Courts of Appeals.
Greg is a former law school professor and remains a frequent lecturer and author on tax topics and is often interviewed and quoted by national publications.
Think you’d know if your partnership was under audit? Think again. Under the Bipartisan Budget Act of 2015 (BBA), the IRS now audits partnerships at the entity level—with virtually no statutory notice requirements to inform individual members. This presentation will demystify the centralized partnership audit regime (CPAR), walking through the lifecycle of a BBA audit from selection to resolution. We’ll highlight key strategic points for partnerships and their advisors, including the real-world impact of push-out elections, modification requests, and post-litigation statements. Whether you’re a tax practitioner, advisor, or just an unwitting partner, this session will ensure you understand how the BBA regime might affect you—even if no one told you it’s happening.
Please login to register.