Richard F. Riley
Partenaire
Richard F. Riley, Jr. concentre sa pratique sur les organisations exonérées d'impôts et à but non lucratif, la fiscalité des compagnies d'assurance, l'emploi et les retenues à la source, ainsi que le contentieux fiscal au niveau administratif, en première instance et en appel. Il est associé au sein du département Fiscalité du cabinet.
Expérience des représentants
- Outside tax counsel to one of the nation’s largest tax-exempt social welfare organizations on tax, tax exemption, advocacy, and governance issues.
- Outside tax and corporate governance counsel to the leading U.S.-based international software industry trade association, including its for-profit and charitable affiliates.
- Outside tax and corporate governance counsel to a nationwide tax-exempt public broadcasting organization, relating to fundraising and endowment activities, bylaws and internal governance guidelines, and general tax and advocacy matters.
- Advising many nonprofit organizations on creation and operation of for-profit affiliates, including affiliated investment funds with outside investors.
- Representing property and casualty insurers in defending their loss reserve deductions against IRS challenge, and addressing other complex P&C insurance company tax issues.
- Served as taxpayer’s counsel in Acuity Insurance v. Commissioner of Internal Revenue, a leading tax precedent on insurance loss reserves.
- Tax and transactional counsel to a nationwide multi-campus nonprofit university, including its conversion from for-profit to nonprofit status.
- Representing the credit union system and individual state-chartered credit unions on the unrelated business tax consequences of insurance and financial products, negotiating with the IRS on unrelated business tax issues, and representing the industry in successful test-case lawsuits in federal court.
- Continuing work for a wide variety of educational organizations, religious organizations, private foundations, social welfare organizations, trade associations, and other tax-exempt, and nonprofit organizations in all facets of their operations.
Prix et reconnaissance
- Classé AV® Preeminent™, la note la plus élevée du système d'évaluation par les pairs de Martindale-Hubbell.
Affiliations
- American Bar Association Section of Taxation
- Federal Bar Association Tax Section
- District of Columbia Bar Tax Section
- Fellow of the American Bar Foundation
- Active in the Exempt Organizations Committee of the ABA Section of Taxation and serves as co-chair of the Political & Lobbying Organizations Subcommittee
- A founding member of the J. Edgar Murdock American Inn of Court at the United States Tax Court
- Served on the board of editorial advisors of the monthly professional journal The Tax Adviser
Engagement communautaire
- Serves on the board of The Riley Foundation, a grant-making charitable foundation in Mississippi
- Serves on the board of Acuity Insurance, a multistate multiline property & casualty insurance company based in Wisconsin
- Serves on the board of Legal Counsel for the Elderly, a legal services organization supporting the low-income elder population of Washington, D.C.
Impôt sur les revenus non liés à l'activité
Foley Attorneys Author Tax Chapter Update to Business and Commercial Litigation in Federal Courts, Fifth Edition
Foley & Lardner LLP Partners Richard Riley and Eric Pearson co-authored the 2022 update to the Tax chapter of Business and Commercial Litigation in Federal Courts, Fifth Edition, published through a joint venture by Thomson Reuters and the ABA Litigation Section.
Remboursements de primes d'assurance dommages pendant la pandémie de COVID-19
Un problème inattendu auquel ont été confrontés les assureurs IARD pendant la pandémie de COVID-19 a été le remboursement des primes aux assurés, en particulier pour les polices d'assurance automobile personnelle.
Fondation parrainée par l'employeur pour l'aide aux victimes du coronavirus et implications pour la planification fiscale
Alors que la pandémie de coronavirus se poursuit, les entreprises peuvent envisager de demander à leurs fondations affiliées de prendre l'initiative d'apporter une aide aux employés touchés et à leurs familles.
L'IRS statue que le PAC parrainé par une filiale à but lucratif d'une société mère relevant du système de santé 501(c)(3) enfreint l'interdiction d'intervenir dans les campagnes politiques.
Dans une décision fiscale privée (PLR 202005020) datée du 31 janvier 2020, l'IRS a statué que lorsqu'une organisation mère à but non lucratif 501(c)(3) fournissait des services administratifs à une filiale à but lucratif, la création et le fonctionnement d'un comité d'action politique (PAC) par la filiale enfreignaient l'interdiction d'intervention dans les campagnes politiques imposée aux organisations relevant de la section 501(c)(3).
Riley Discusses Effects of Government Shutdown on Tax Issues
Partner Richard Riley was quoted in a Bloomberg Tax article, “No IRS Help on Global Tax Issues as Shutdown Keeps Officials Home,” about furloughed IRS employees not being able to attend the ABA tax section’s midyear meeting in New Orleans.