Hap Shashy is the practice group leader of King & Spalding’s Tax Practice Group, which includes the firm’s income tax and employee benefits and executive compensation practices. From 1990 to 1993, Mr. Shashy served as Chief Counsel for the Internal Revenue Service. He was appointed by President George H.W. Bush and unanimously confirmed by the United States Senate. As IRS Chief Counsel, Mr. Shashy was responsible for IRS litigation before the U.S. Tax Court. During his tenure, the IRS litigated many cases successfully in a variety of areas, most notably transfer pricing. Mr. Shashy also, as IRS Chief Counsel, presided over the promulgation of numerous tax rules and partnerships, transfer pricing, foreign tax credits, original issue discount, and financial instruments and derivatives.
Over the course of his career in private practice, Mr. Shashy has advised clients in a number of industries on a wide variety of tax planning and tax controversy matters. Mr. Shashy’s tax practice includes representation of domestic and foreign business, tax-exempt, and individual clients on a wide range of complex tax planning, regulatory, and controversy matters. His experience spans a variety of industries including energy, natural resources, healthcare, finance, technology, telecommunications, media, real estate, industrial and transportation. Among the tax planning matters he has worked on are: domestic and cross-border mergers and acquisitions, partnerships and joint ventures, domestic and cross-border financing transactions, consolidated federal income tax returns, leasing and licensing transactions, natural resources and commodities transactions, and bankruptcy and debt restructurings. Tax regulatory matters include representing clients on a variety of tax ruling requests and administrative projects before the IRS and the United States Treasury. Mr. Shashy also represents clients on sensitive tax controversy matters including IRS tax audits, administrative appeals, court litigation and alternative dispute resolution. Mr. Shashy has been repeatedly selected for inclusion in: Chambers U.S.A. America’s Leading Lawyers for Business, The Best Lawyers in America, The Washington Post’s Best Lawyers in Washington, D.C., Legal 500.
During his career, Mr. Shashy has served as an adjunct professor of tax at New York University School of Law and at Southern Methodist University School of Law. He has authored numerous articles for academic and professional publications and has lectured before a number of associations and institutes. He also has served as the chairman of the ABA Committee on the Formation of Tax Policy, as well as on the ABA Tax Section Committee on Special Projects, the editorial board of the Journal of Partnership Taxation, the planning board of the Institution on Real Estate Taxation, and the Tax Policy Advisory Committee of the National Realty Committee.
Mr. Shashy has served on the Board of Trustees of the University of Florida Levin College of Law and currently serves on the Advisory Board of the New York University Institute on Federal Taxation, the Texas Federal Tax Institute, and the Florida Tax Institute. Mr. Shashy earned his B.S. degree in Political Science with High Honors from the University of Florida in 1970. He received his J.D. in 1973 from the University of Florida College of Law where he served on the Law Review and was elected Order of the Coif. He received his LL.M in Taxation from New York University School of Law in 1975, was first in his class and managing editor of the Tax Law Review. Mr. Shashy is a native of Ocala, Florida.