FacultyFaculty/Author Profile
Karen Gilbreath Sowell

Karen Gilbreath Sowell

EY

Washington, DC, USA


Karen Gilbreath Sowell is a principal in Ernst & Young LLP’s National Tax Department. Based in Washington, D.C., Karen serves as a co-leader of the Mergers and Acquisitions group. A partner since 2001, Karen has advised the firm’s most significant clients on complex transactions, and leads the firm’s practice involving corporate spin-off transactions.

Karen was the US Treasury’s Deputy Assistant Secretary for Tax Policy from July 2007 to January 2009. She worked closely with the leadership of the Treasury Department during the financial crisis. She participated in the legislative process for the Economic Stimulus Act of 2008 and the Emergency Economic Stabilization Act (EESA) of 2008, and played a leadership role in the expedited issuance of important guidance projects directed at economic stabilization. She was co-leader of the Treasury Department’s promulgation of standards for the executive compensation requirements of EESA. She received the Treasury Distinguished Service Award in recognition of her contributions.

Among her other duties as Treasury’s Deputy Assistant Secretary for Tax Policy, Karen worked closely with the Internal Revenue Service to issue a substantial amount of significant regulations, revenue rulings, revenue procedures, notices and other guidance. 

Karen first served at the Treasury Department from 1997 to 2001, where she was Associate Tax Legislative Counsel. She was primarily responsible for matters relating to corporate taxation in a period of prolific guidance, including regulations and other guidance governing spin-off transactions, taxable transactions, and the check-the box regime. 

Karen is the First Vice Chair of the Executive Committee of the Tax Section of the New York State Bar Association and will be Chair of the organization in 2018. She is a former chair of the Corporations Committee of the Tax Section of the American Bar Association.
Karen Gilbreath Sowell is associated with the following items:
CHB Chapters  CHB Chapters Taxable Transaction Alternatives (PowerPoint slides) - Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2017, Wednesday, October 18, 2017
Acquisition and Separation Issues in Consolidation (February 13–14, 2017) (PowerPoint slides) - Consolidated Tax Return Regulations 2018, Monday, February 26, 2018
Implications of the TCJA on Transaction Planning (PowerPoint slides) - Tax Cuts and Jobs Act Update 2018: Issues for U.S. Businesses and Individuals, Thursday, May 31, 2018
Web Segment  Web Segment Understanding and Managing Stock Basis and Earnings and Profits - Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2017, Friday, October 27, 2017
Taxable Transaction Alternatives - Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2017, Friday, October 27, 2017
Acquisition and Separation Issues in Consolidation - Consolidated Tax Return Regulations 2018, Thursday, February 22, 2018
Implications of the TCJA on Transaction Planning - Tax Cuts and Jobs Act Update 2018: Issues for U.S. Businesses and Individuals, Monday, April 23, 2018
MP3 Audio  MP3 Audio Understanding and Managing Stock Basis and Earnings and Profits - Understanding and Managing Stock Basis and Earnings and Profits, Friday, October 27, 2017
Taxable Transaction Alternatives - Taxable Transaction Alternatives, Friday, October 27, 2017
Acquisition and Separation Issues in Consolidation - Acquisition and Separation Issues in Consolidation, Thursday, February 22, 2018
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg Taxable Transaction Alternatives - Taxable Transaction Alternatives, Friday, October 27, 2017
Understanding and Managing Stock Basis and Earnings and Profits - Understanding and Managing Stock Basis and Earnings and Profits, Friday, October 27, 2017
Acquisition and Separation Issues in Consolidation - Acquisition and Separation Issues in Consolidation, Thursday, February 22, 2018
Implications of the TCJA on Transaction Planning - Implications of the TCJA on Transaction Planning, Monday, April 23, 2018
On-Demand Web Programs  On-Demand Web Programs Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2017, Wednesday, November 01, 2017, New York, NY
Consolidated Tax Return Regulations 2018, Wednesday, February 28, 2018, New York, NY
Tax Cuts and Jobs Act Update 2018: Issues for U.S. Businesses and Individuals, Thursday, April 26, 2018, New York, NY
Treatise Chapters  Treatise Chapters Liability Assumptions—Section 357(d) - The Corporate Tax Practice Series (2018 Edition), Thursday, February 15, 2018
Section 338(h)(10) - The Corporate Tax Practice Series (2018 Edition), Thursday, February 15, 2018
Transcripts  Transcripts Acquisition and Separation Issues in Consolidation - Acquisition and Separation Issues in Consolidation, Thursday, February 22, 2018
Implications of the TCJA on Transaction Planning - Implications of the TCJA on Transaction Planning, Monday, April 23, 2018
Course Handbooks  Course Handbooks Tax Cuts and Jobs Act Update 2018: Issues for U.S. Businesses and Individuals
Live Seminar  Live Seminar Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2018, Wednesday, October 17, 2018, New York, NY
Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2018, Wednesday, November 14, 2018, Chicago, IL
Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2018, Wednesday, December 05, 2018, Los Angeles, CA
The Tax Cuts and Jobs Act 2019, Tuesday, March 19, 2019, New York, NY
Live Webcast  Live Webcast Tax Strategies for Corporate Acquisitons, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2018, Wednesday, October 17, 2018, New York, NY
The Tax Cuts and Jobs Act 2019, Tuesday, March 19, 2019, New York, NY
PLI Grpcast-Live Web  PLI Grpcast-Live Web The Tax Cuts and Jobs Act 2019, Tuesday, March 19, 2019, Boston, MA
The Tax Cuts and Jobs Act 2019, Tuesday, March 19, 2019, Cleveland, OH
The Tax Cuts and Jobs Act 2019, Tuesday, March 19, 2019, Columbus, OH
The Tax Cuts and Jobs Act 2019, Tuesday, March 19, 2019, Atlanta, GA
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