Val J. Albright

Partner

Val J. Albright

Partner

Val Albright helps clients involved in complex U.S. federal and state tax controversies, including administrative resolution and in litigation.  Also, Val counsels clients regarding their existing operations and structure and assists with tax planning matters. Val’s clients come from diverse industries, including oil and gas, oil field services, telecommunications, software, insurance, electronics, entertainment, consumer products, trucking, pharmaceutical, agriculture, food production and other industries, as well as high net worth individuals.

Val handles virtually any aspect of complex tax disputes involving the IRS, including:

  • Civil examinations
  • Criminal investigations
  • Collection proceedings
  • Protests before Appeals
  • Requests for private letter rulings
  • Requests for competent authority assistance
  • Requests for bilateral and unilateral advance pricing agreements
  • Trial and settlement of disputes before the courts and administrative bodies

Clients seek Val’s experienced, high-value counsel as a tax controversy attorney on U.S. domestic and international tax issues, including transfer pricing, subpart F, other foreign entity, foreign tax credit, U.S. trade or business, permanent establishment, research tax credit, foreign tax credit, other tax credit, withholding tax, captive insurance, worthless stock loss, business expense, domestic production activities deduction, consolidated return, charitable deduction, conservation easement, tax exemption, partnership, valuation and family limited partnership, tax treaty, transportation and other excise tax, voluntary disclosure, IRS collection, tax penalty, procedural, tax litigation and other issues.

Throughout his career, Val has achieved multiple successes. Most recently, Val served as the lead trial counsel for Rent-A-Center in a large complex matter before the U.S. Tax Court involving captive insurance issues.

Prior to entering private practice in 1994, Val worked for the IRS Office of Chief Counsel in Chicago and Dallas, where he served in a variety of federal tax litigation and executive capacities.  During his tenure as a federal tax attorney with the Office of Chief Counsel, Val was involved in the development, settlement of numerous corporate and individual federal tax cases involving diverse domestic and international tax issues, including transfer pricing, oil and gas and related issues.

Awards and Recognition

  • Selected by his peers for inclusion in The Best Lawyers in America© in the fields of Tax Law (2006-2024) and Litigation & Controversy – Tax (2011-2024)
  • Recognized, Chambers USA: America’s Leading Lawyers for Business in the field of Tax: Litigation (Texas) (2005 – 2013, 2016 – 2023)
  • Selected for inclusion to the Texas Super Lawyers list in the field of Tax (2012, 2013)
  • Recognized as “The Best Lawyers in Dallas” by D Magazine in the field of Tax: Litigation (2013, 2014)
  • Peer review rated as AV Preeminent®, the highest performance rating in the Martindale-Hubbell® Peer Review Ratings™ system

Affiliations

  • Member, Taxation Section of the State Bar of Texas
  • Former chair, Tax Controversy Committee of the State Bar of Texas
  • Member, The Arkansas Bar
  • Member, Taxation Section of the American Bar Association
  • Member and former chair, Tax Section of the Dallas Bar Association
17 August 2023 Honors and Awards

Foley Attorneys Recognized in 2024 Best Lawyers in America

Foley & Lardner LLP proudly announced today that 236 of the firm’s attorneys across 20 U.S. offices have received recognition in the 2024 edition of The Best Lawyers in America©.
01 June 2023 Press Releases

Foley Earns Top Rankings in Chambers USA 2023

Foley & Lardner LLP is pleased to announce that it has again been recognized by Chambers & Partners as one of the top law firms in the country in the 2023 edition of Chambers USA, America’s Leading Lawyers for Business.
27 April 2023 Honors and Awards

Foley Attorneys Named to D Magazine’s 2023 Best Lawyers in Dallas List

Foley is pleased to announce that four of its attorneys have been named to D Magazine’s 2023 “Best Lawyers in Dallas” list. The exclusive list honors the top attorneys in Dallas, as chosen by their peers.
02 December 2022 In the News

Foley Partner Val Albright Named to D CEO’s 2023 Edition of Dallas 500

Foley Partner Val Albright has been named to D CEO’s 2023 edition of the Dallas 500, a list honoring the most powerful and influential business leaders in North Texas.
18 August 2022 Press Releases

Foley Attorneys Recognized in 2023 Best Lawyers in America

Foley & Lardner LLP proudly announced that 250 of our attorneys across 20 offices have received recognition in the 2023 edition of The Best Lawyers in America.
01 June 2022 Press Releases

Foley Ranks Among Nation’s Top Law Firms in Chambers USA 2022

Foley has again been recognized by Chambers & Partners as one of the top law firms in the 2022 edition of Chambers USA, America’s Leading Lawyers for Business.