Allison M. (Yee) McLeod, LL.M., JD, CPA

Allison M. (Yee) McLeod 2017-01-11T22:55:22+00:00

Project Description

Allison M. (Yee) McLeod, LL.M., JD, CPA

Prior In-house Experience

  • Deloitte & Touche, LLP – Big Four CPA Firm
  • JCPenney Corporation
  • Lehigh Hanson Building Materials

Education

  • Baylor University, BBA (Finance major with Accounting minor), 1988
  • University of Sussex (England), Rotary Scholar, 1988-1989 (studies in British and Art History)
  • Baylor School of Law, J.D, 1992
  • Southern Methodist University School of Law, LL.M. (Taxation), 1996

Licenses

  • Admitted to practice law in Texas
  • Certified Public Accountant
  • Admitted to practice in Tax Court, Court of Federal Claims and United States Supreme Court

Practice Area

Allison M. (Yee) McLeod, LL.M., JD, CPA

214-403-8622
amcleod@GCHub.com
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While a practice area in Tax Planning and IRS Controversy is a topic that causes “normal” people to glaze over, her over 25 years of experience in this area has given Allison McLeod the ability to serve clients by structuring business transactions in the most tax-efficient manner while taking into account potential audit risk.

Allison is a proud Okie having been born and raised in Oklahoma City. Departing “The City” for Waco, Texas at the tender age of 17, she found herself at Baylor University on a cello scholarship. Discovering quickly that the competitive and arduous world of the professional musician was best left to those who had the talent to actually make a living at it, Allison switched to a major in Finance with an Accounting minor, since after all, being able to eat is good. Following graduation with her BBA in 1988 from Baylor, Allison spent a year abroad at the University of Sussex (near Brighton, England) as a Rotary Scholar, studying Art and British History. Her achieved goal of seeing as many opera and ballet performances at Covent Garden as possible was one of the highlights of the year.

She returned to Waco to study and take the CPA exam and then flung herself into her legal studies at the Baylor School of Law. There she met GMF founding member Suzy Fulton, a fellow classmate. Suzy and Allison had the opportunity to bond over occasional road trips to San Angelo and law school experiences such as a terrifying Practice Court class. Suzy and Allison continued their connection later as young professionals in Dallas and as members of the Dallas Asian American Bar Association.

After graduating from Baylor Law School in 1992, Allison started her career at the Dallas office of Deloitte & Touche, spending most of her time there assisting in the large state and local audit of a client which reached a favorable resolution. She also became a licensed Certified Public Accountant in 1993. She was hired away after two years at D&T and became a Tax Analyst (and later Tax Manager) for the JCPenney Company. There, she specialized in federal tax planning and IRS audits for the next 13 years. During her time at JCPenney, Allison completed in 1996 a Masters of Legal Letters (LL.M.) in Taxation from the Southern Methodist University Dedman School of Law. Allison then joined Lehigh Hanson North America, a major manufacturer of cement, aggregates and other building materials, in early 2007 as Director of Tax Planning and IRS audits, with additional responsibilities for international tax planning. After three years in that position, Allison then accepted a post as Senior Lecturer at the University of North Texas where she still teaches full-time during the regular school year Individual and Corporate Taxation, Tax Research, Business Ethics and Financial Accounting.

Suzy Fulton, apparently not deterred from her personal knowledge of Allison’s driving skills (she drives like an old lady), found herself in need of a resident tax nerd and invited Allison to join Grable Martin Fulton PLLC in mid-2016. Allison is grateful for the flexibility the Firm affords so that she will be able to schedule the bulk of her client projects during the summer months and other holidays that the University is not in session.

Allison’s specialty includes individual and corporate tax planning and defending clients who are being subject to IRS audits. Examples of her work include structuring complex tax-deferred transactions under the like-kind exchanges provisions (§ 1031), governmental condemnations or casualty losses, forming and advising non-profit organizations, document review, and accounting method changes. Allison has had extensive experience in managing corporate IRS audits and has negotiated at the IRS Appeals level several times with great success.

Outside of her legal endeavors, Allison is known to be a dynamic speaker in teaching her Continuing Professional Education course in Ethics to CPAs across the State, as well as offering it in the on-line format. She also occasionally acts as an expert witness in accounting malpractice cases.

Allison is married to Mark whom she met at church over 20 years ago. They are the happy, yet sometimes bewildered, parents to Robby. They are active in church, enjoy snow skiing and going on cruises as a family.