Full Name
Stuart Schabes
Title
Shareholder
Company
Baker Donelson
Bio
Mr. Schabes is an experienced tax and corporate attorney. He has extensive dealings on an array of tax controversy matters with the IRS on a national and international level, as well as with various state tax authorities. Most recently, he has been assisting clients on an array of tax matters under the CARES Act, including matters related to the Employee Retention Credit.

His vision and deep understanding of how clients can benefit from cutting-edge tax planning and structures for domestic and in-bound transactional matters is opening new doors for clients seeking innovative tax counsel and new business opportunities.

Mr. Schabes represents clients in complex business matters. His many successes include negotiation of countless mergers, acquisitions, management buyouts and sales to – and from – private equity and other joint venture-related entities.

Experienced in virtually all aspects of tax litigation at both the federal and state level, Mr. Schabes has taken the lead in many tax controversy cases involving the IRS and various state taxing authorities. These include IRS examinations and appellate matters involving income tax, excise tax and employment tax, as well as worker classification issues. His clients operate in widely diverse industries, including aviation, credit card, trucking and transportation, logistics, health care, real estate, hospitality, entertainment and the not-for-profit/exempt sectors.

Mr. Schabes has a successful track record of resolving disputes at all levels of the IRS. With many years of experience dealing with the IRS Collection Division on a national level, he is known for his determination in negotiating and resolving IRS tax assessments for both domestic and international based corporations, including Fortune 100 entities, limited liability companies, trusts and estates, entrepreneurs, sole proprietors, and individuals. Once a tax liability is imposed, Mr. Schabes helps clients navigate numerous payment and priority issues. Such issues include the erroneous issuance of IRS tax liens and levies, and their subsequent release and withdrawal.

Recent economic conditions are prompting many clients to seek Mr. Schabes' counsel to handle tax workout situations involving large tax liabilities and abatement of various penalty and interest-related matters. He represents corporate and business directors, officers and employees who are confronting Trust Fund Recovery Penalty matters and similar issues at the state and local level. He provides legal counsel to both domestic and non-U.S.-based clients on participation in various voluntary compliance and amnesty-based programs, including the FBAR filing rules.

Mr. Schabes continues to serve as special tax counsel to several global companies, assisting them with numerous IRS and other regulatory and compliance-related issues, including those uniquely applicable under the federal excise tax provisions. He helps secure significant tax refunds for business clients and is often involved in groundbreaking federal excise tax matters such as those affecting various airlines and charter companies.

In addition to his involvement in various legal and aviation industry associations, Mr. Schabes is active in an array of charitable and community activities. He currently serves as a board member of THE ASSOCIATED: Jewish Community Federation of Baltimore.
Stuart Schabes