Betsy Smith has a diverse tax practice, working in both transactional tax and controversy matters, with an emphasis in the hedge fund industry and in New York state residency and domicile cases. In addition, she has significant experience representing taxpayers before the IRS in the voluntary disclosure programs, as well as assisting clients with the streamlined procedures and “opt outs.” Betsy frequently advises on domestic and cross-border mergers, business acquisitions and dispositions, joint ventures, tax-free reorganizations, overall corporate and partnership tax matters such as “choice of entity”, 338(h)(10) elections, tax due diligence, and crafting waterfalls. She also advises onshore and offshore investment managers regarding fund formation and strategic tax planning. She is responsive and engaged with her clients and truly understands their attitudes toward a matter, which allows her to determine the best strategy to employ in resolving their issues. Betsy is a can-do attorney.
Betsy was a member of the firm’s Policy Committee from 2014 to 2019. She currently serves as New York Deputy Business Leader and New York Tax Leader. Betsy is the New York Lateral Hiring Partner and serves on the firm’s Pension Committee.