Will Seippel: Difference between revisions
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The IRS during this period lost a series of tax shelter cases, although it scored a triumph. |
The IRS during this period lost a series of tax shelter cases, although it scored a triumph. |
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| ⚫ | In January 2007 Seippel left MIVA |
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Seippel has held senior Financail and Operating positions in numerous public technology companies including MIVA Media,where he was responsible for traditional financial areas as well as the managing and programming of a worldwide network that processed 38,000 transactions a second, AirGate PCS, an Affiliate of Sprint, Europe's telecom providers GTS and Golden Telecom and Halliburton/Landmark Graphics. He has won two Wall Street Deal of the Year awards. <ref>http://patriotentrepreneur.gmu.edu/issues/oct_2007/worthpoint_gift.html</ref> |
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| ⚫ | In January 2007 Seippel left MIVA to start the start up WorthPoint. At WorthPoint he has been nominated for several American Electronic Association Awards and was a finalist for their Southeast Technology Entrepenuer of the year award in 2008. Seippel was also chosen as a speaker for Georgia's innaugeral Venture Atlanta Conference in 2008.<ref>http://www.highbeam.com/doc/1G1-186636915.html</ref> <ref>http://www.accessmylibrary.com/coms2/summary_0286-35055319_ITM </ref> Worthpoint is Seippel's first startup, and looks to become the Bloomberg of the world's antiques and collectibles industry.<ref>http://www.examiner.com/x-312-Auctions-and-Antiques-Examiner~y2009m7d31-WorthPoint-CEO-outlines-plan-to-revitalize-collectibles-marketplace</ref> |
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==Footnotes== |
==Footnotes== |
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Revision as of 20:23, 15 August 2009
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William H. Seippel is a successful business executive and philanthropist. Seippel is famous for the 2004 IRS tax shelter controversy and subsequent case Seippel v. Jenkens & Gilchrist against the Sidley Austin Brown & Wood law firm.[1] Seippel alleged that the defendants misrepresented the nature of the tax product and sold him the Cobra tax strategy in 1999 in full knowledge that the Internal Revenue Service would reject it. Seippel and his wife later paid $5m in additional taxes, penalties and fees in self amended tax returns. The IRS gave up on additional interest and penalties that they tried to access the day before Seippel filed a suit against the IRS.
Meanwhile, top IRS officials went public blaming Seippel and other individuals involved in using tax shelters and began a crackdown.[2] Seippel is said to have felt targeted as a public figure by the IRS and in fact claims he brought the tax shelter issue to the IRS to begin with.
The IRS during this period lost a series of tax shelter cases, although it scored a triumph.
Seippel has held senior Financail and Operating positions in numerous public technology companies including MIVA Media,where he was responsible for traditional financial areas as well as the managing and programming of a worldwide network that processed 38,000 transactions a second, AirGate PCS, an Affiliate of Sprint, Europe's telecom providers GTS and Golden Telecom and Halliburton/Landmark Graphics. He has won two Wall Street Deal of the Year awards. [3]
In January 2007 Seippel left MIVA to start the start up WorthPoint. At WorthPoint he has been nominated for several American Electronic Association Awards and was a finalist for their Southeast Technology Entrepenuer of the year award in 2008. Seippel was also chosen as a speaker for Georgia's innaugeral Venture Atlanta Conference in 2008.[4] [5] Worthpoint is Seippel's first startup, and looks to become the Bloomberg of the world's antiques and collectibles industry.[6]
Seippel is the Vice Chairman of the George Mason University Business School's Board of Advisors and was the Business School's Alumni of the Year in 2009. [7]
Footnotes
- ^ Lin, Anthony. "Law.com - Suit Against Sidley Austin Over Tax Plan Proceeds". www.law.com. Retrieved 2008-06-15.
- ^ "IRS Cracks Down on Tax Shelters : NPR". www.npr.org. Retrieved 2008-06-15.
- ^ http://patriotentrepreneur.gmu.edu/issues/oct_2007/worthpoint_gift.html
- ^ http://www.highbeam.com/doc/1G1-186636915.html
- ^ http://www.accessmylibrary.com/coms2/summary_0286-35055319_ITM
- ^ http://www.examiner.com/x-312-Auctions-and-Antiques-Examiner~y2009m7d31-WorthPoint-CEO-outlines-plan-to-revitalize-collectibles-marketplace
- ^ http://www.reuters.com/article/pressRelease/idUS199341+30-Apr-2009+BW20090430