Beth M. Benko practices in the area of federal income taxation, with a focus on federal tax accounting issues, including the accrual of income and deductions, capitalization, inventory accounting, and Section 199. As the author of the Tax Management (BNA) Portfolio on Section 199, Beth is a nationally recognized consultant on Section 199 related tax planning and IRS controversy matters. Beth has over two decades of experience with federal tax accounting issues, including compliance, consulting, and IRS controversy. Beth has worked with a wide range of businesses and industries, with clients that include leading members of the manufacturing and retail sectors, the pharmaceutical industry, the software and technology sector, the sports and entertainment industry, the financial services sector, the oil and gas industry, and the food and beverage industry. Beth focuses on assisting taxpayers with federal tax planning across the spectrum of tax accounting issues, including Section 199. In addition Beth assists taxpayers with controversies pending before the Internal Revenue Service. While such efforts are generally before the IRS Examination and Appeals divisions, Beth has successfully represented numerous taxpayers before the IRS National Office in obtaining private rulings. Beth has served on multiple IRS task forces designed to bring about awareness of the issues taxpayers face when implementing the numerous, and often burdensome, Treasury/IRS rules and regulations. Beth is a frequent speaker to such groups as the Tax Executives Institute, the Southern Federal Tax Institute, state CPA societies, and the American Bar Association, and has taught Federal Tax Accounting as an adjunct professor for the LL.M. program at the Georgetown University Law Center. Beth is a Certified Public Accountant in Ohio and the District of Columbia, and is admitted to the State of Virginia and District of Columbia Bars. Beth is currently a member of the American Bar Association Tax Section's Tax Accounting Committee.
J.D., Marshall-Wythe School of Law of the College of William and Mary in Virginia (1998)
B.S.B.A., cum laude, Bowling Green State University (1990)
Bloomberg Tax Management Portfolios
Section 199: Deduction Relating to Income Attributable to Domestic Production Activities (Portfolio 510)
Bloomberg Tax Portfolio, Section 199: Deduction Relating to Income Attributable to Domestic Production Activities, No. 510, discusses the deduction available to taxpayers that engage in qualifying domestic production activities, including the formula for computing the deduction and the various attributes of that formula