Annette Smith is a partner and leader of the Federal Tax Services group of the Washington National Tax Services (WNTS) practice, specializing in accounting method issues. In this role, she advises clients on complex issues involving accounting method changes, amortization of Section 197 intangibles, long-term contract accounting, leasing and depreciation.
Ms. Smith rejoined PwC in 2001 after serving five years in the US Department of the Treasury, most recently as Deputy to the Tax Legislative Counsel. There, she shared responsibility for the development, analysis and implementation of federal tax policy through legislative initiatives, regulations, revenue rulings, revenue procedures and other types of published guidance. Prior to joining Treasury, Ms. Smith served for 10 years in PwC’s Cincinnati and Washington offices. She holds a B.S. in accounting and an M.S. in taxation from the University of Cincinnati.
Education:
M.S.B.A., Taxation, University of Cincinnati
B.S.B.A., University of Cincinnati
Tax Management Portfolios™
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Depreciation: General Concepts; Non-ACRS Rules (Portfolio 530)
Depreciation: General Concepts; Non-ACRS Rules introduces the reader to basic concepts of depreciation.
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Accounting for Long-Term Contracts (Portfolio 575)
This Portfolio supplies taxpayers with guidance in applying the long-term contract accounting methods and the special set of tax accounting rules provided by the Internal Revenue Code.