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Recent Published Guidance on §168(k)(4) - Credit Acceleration in Lieu of Bonus Depreciation
Jeffrey T. Rodrick
Attorney Advisor, Office of Associate Chief Counsel (Income Tax & Accounting)
Internal Revenue Service
Since April 2006, Jeffrey T. Rodrick has been an attorney with the Internal Revenue Service (IRS), Office of the Chief Counsel, Income Tax & Accounting division. In addition to Rev. Proc. 2008-65 and Rev. Proc. 2009-16, Mr. Rodrick has been the primary drafter of several published guidance projects, including regulations under section 468B dealing with escrow accounts used during deferred like-kind exchanges and guidance relating to the substantiation rules of section 274(d). Prior to joining the IRS, Mr. Rodrick worked at the Washington National Tax Office of KPMG, LLP, and at Kallina & Associates in Baltimore, Maryland.
Mr. Rodrick earned his LL.M. in Taxation from the University of Florida in 2000, and his J.D. from the University of Florida in 1998. Mr. Rodrick is a member of the Florida Bar.
Brandon Carlton
Attorney-Advisor, Office of Tax Legislative Counsel
U.S. Department of Treasury
Brandon is an Attorney-Advisor in the U.S. Treasury Department's Office of Tax Policy, where he works on legislative and regulatory projects in tax accounting, certain tax credits (including the R&E credit), the alternative minimum tax (AMT), and various other areas of tax. Before joining the Treasury Department, he worked for over 8 years in Ernst & Young's National Tax Department in Washington DC assisting clients with tax accounting issues, including income and expense recognition and inventory matters. He also teaches tax accounting as an adjunct professor at the Georgetown University law school.
Brandon has a BS from Brigham Young University, an MBA from the University of Utah, a JD from the University of Texas, and an LLM in Taxation from Georgetown University.
Katherine Breaks
Director, Washington National Tax Practice
KPMG LLP
Ms. Breaks is a Director in the KPMG’s Washington National Tax practice. She joined KPMG in 1998.
Katherine works in the Legislative and Regulatory Services (LRS) practice within Washington National Tax. As a member of the LRS practice, she provides advice to clients on federal tax policy developments and represents taxpayers before the National Office of the Internal Revenue Service, the U.S. Treasury Department, and the U.S. Congress. She speaks and writes frequently on federal tax legislative and regulatory matters.
Publications
Katherine has written a number of articles on tax legislation and regulations.
- Katherine provided commentary in CCH’s Law, Explanation and Analysis on the American Recovery
and Reinvestment Act of 2009
- Katherine authored Comparison of House, Senate Energy Tax Legislation, which was published August 14, 2007
in the Daily Tax Report.
- Katherine provided commentary in CCH’s Law, Explanation and Analysis on the Energy Tax Incentives
Act of 2005.
- Katherine co-authored Practice Considerations in Implementing the Section 199 Regulations, which appeared in
the August 2006 edition of the Journal of Taxation.
- Katherine co-authored Do the Section 199 Proposed Regulations Clarify or Complicate the Domestic
Production Deduction?, which appeared in the January 2006 edition of the Journal of Taxation
- Katherine co-authored The Domestic Manufacturing Deduction: Treasury and IRS Fill in the Gaps, which appeared
in the April 2005 edition of the Journal of Taxation
- She also co-authored, The Tax Man Giveth!, discussing the 2004 tax act, which appeared in the January 2005
edition of Hart Energy Markets.
Recent Speeches
Katherine speaks frequently on legislative and regulatory matters. Recent speeches have included:
- Legislative Update, TEI – Carolinas Chapter, May 4, 2009
- The Economic Stimulus Package Unwrapped, Legislative update, Massachusetts Continuing Legal Education,
April 7, 2009
- Legislative Update, TEI – Richmond chapter, December 9, 2008
- Legislative Update, KPMG Year-end Tax Planning Seminar, December 4, 2008
- Legislative Update, Florida Institute of CPAs, Annual Meeting, November 12, 2008
- Legislative Update, New Jersey Technology Counsel, Executive Leadership Series, November 6, 2008
- Legislative Update, TEI – Nebraska chapter, October 21, 2008
- Structuring Issues Associated with the Solar Investment Tax Credit, ABA Tax Section, September 12, 2008
Memberships
Katherine is a member of the Government Relations Committee of the Tax Section of the American Bar Association. She is also the vice chair for the Capital Recovery and Leasing Committee of the ABA Tax Section.
Education
Katherine received her undergraduate degree in 1991 from Yale University, where she majored in history. She received her legal education at New York University School of Law (Class of 1995) where she was a member of the Order of the Coif.
Alison Jones
Senior Manager
Ernst & Young LLP
Alison, who joined Ernst & Young’s National Tax office in 2000, specializes in federal tax accounting matters, including the accrual of income and deductions, capitalization, depreciation issues, general accounting method change requests, as well as representing taxpayers in controversies pending before the Internal Revenue Service. Over the past several years, Alison’s practice has focused on timing and recognition of income issues, including income exclusion and deferral provisions of the Internal Revenue Code as well as judicially established doctrines. As a National Tax resource, she has worked with a variety of public and private clients in the manufacturing, distribution, retail, financial services, healthcare, oil and gas, utilities, and telecommunications industries. In addition, Alison works closely with the firm’s IRS Practice and Procedure group to resolve tax controversy matters and stay abreast of current IRS audit and appeals issues.
Alison received her B.A. in Economics, as well as her J.D. from the University of Texas. She is an attorney, licensed in the state of Texas and is a member of the American Bar Association Tax Section. Alison is also an adjunct professor in the L.L.M. program at Georgetown University.
Recent Published Guidance on §168(k)(4) - Credit Acceleration in Lieu of Bonus Depreciation
Speaker Firms:
Internal Revenue Service
U.S. Department of Treasury
Upcoming events.