Michael Walls resigns from Deloitte to join EY as Exec Director and build a new Financial Instruments Tax Solutions practice

Michael Walls has joined EY in Washington as Executive Director within the FITS practice. His role involves utilizing technology applications to create solutions that address the unique financial instruments tax planning and compliance issues faced by asset management firms, banking & capital markets institutions and insurance companies.

His client experience includes:

– Original Issue Discount (§§?1271 – 1275)
– Market Discount On Bonds (§§?1276 – 1278)
– OID On Tax-Exempt Obligations (§?1288)
– Amortizable Bond Premium (§?171)
– “Below Market Interest” Loans (§?7872)

– Bad Debts (§?166)
– Income From Discharge Of Indebtedness (§?108)

– Tax Purchase Price Allocations for Investment Asset Acquisitions (§?1060)

– Modifications Of Debt Instruments (§?1001)
– Transfers Of Securities Under Certain Agreements (§?1058)
– Wash Sales And Straddles (§§? 1091 and 1092)
– 1256 Contracts (§?1256)

– Hedge Transactions (§?446)
– Installment Method (§§?453 – 453B)
– Mark-To-Market Accounting Method For Dealers In Securities (§?475)

– Income From Sources Within And Without The United States (§§?861 – 865)
– Non-Resident Alien Tax (Individuals And Corporations) (§§?871 and 881/882)

– Foreign Currency Transactions (§?988)

– Withholding Of Tax On Non-Resident Aliens And Foreign Corporations (§§?1441 – 1444)
– Tax Information And Reporting For Broker/Dealers (§§?6041- 6049 and 6045B)

Before joining EY he was a Tax Attorney within the Financial Institutions and Products group at Deloitte. He also spent 3 years within the Derivative Products Group at Morgan Stanley from 1996 to 2000.

[contextly_auto_sidebar id=”UfuqAeuCKv3UTNGBsXlQbSJu8uJhPT7B”]