United States

Jamison Sites

Senior Manager, Financial Services Senior Analyst

Areas of focus: Financial Services

ABOUT JAMISON

In May 2020, Jamison was selected as a senior analyst in RSM’s cutting edge Industry Eminence Program, which positions its senior analysts to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. These senior analysts advise clients on conditions influencing middle market leaders. Jamison’s focus is on the financial services industry.

Summary of experience

Jamison has more than ten years of experience providing consulting and international tax advisory services. He serves as an RSM subject matter expert on foreign tax credits and has significant experience with global effective tax rate management, supply chain restructuring and cross-border mergers and acquisitions (M&A). Jamison advises clients in regulatory matters such as competent authority requests, penalty abatement procedures and IRS examinations. He also serves as the firm’s blockchain and digital asset tax lead. In this capacity, he assists blockchain clients in determining the unique regulatory and tax consequences of their global operations.

Professional Affiliations and Credentials

  • Licensed to practice law in North Carolina and the District of Colombia
  • Member of the Leadership Committee for the Digital Chamber’s Tax Task Force

Education

  • LL.M. in Taxation, with Distinction, International Tax Certificate, Georgetown University Law Center
  • J.D., University of North Carolina at Chapel Hill
  • B.S.B.A., with Distinction, Kenan-Flagler Business School, University of North Carolina at Chapel Hill

Recent Publications and Presentations

  • “Crypto and E-money Tax Reporting Issues” presented to OECD Working Party 10, April 2020.
  • “View From Exchanges” panelist at IRS Virtual Currency Summit, March 2020, Washington, D.C.
  • “International Tax Planning Update” presented to TEI Tampa, February 2020.
  • International Tax Considerations for the Blockchain Industry, The Tax Adviser (April 2019).
  • GILTI: A New Age of Global Tax Planning, The Tax Adviser (April 2019).
  • “Future of Crypto Regulations” panelist at Blockchain Innovators Summit 2018, Ibiza, Spain.
  • “Decrypting Crypto: Policy, Security and Regulatory Challenges” panelist at YPO-NSI Blockchain Technologies Summit 2018.
  • Economic Forecast & Trends 2018: Tax Reform - International Planning Considerations, Los Angeles Business Journal.
  • Do You Know the Balance in Your ODL or OFL?, 91 Taxes 53.


recent perspectives

Digital assets targeted for substantial tax hikes

TAX ALERT

Digital assets targeted for substantial tax hikes

The Ways and Means Committee proposed legislation targeting digital assets to increase tax revenue via wash and constructive sales rules.

INSIGHT ARTICLE

Outbound asset transfers

Now is the time to review the reporting requirements, including 2014 final regulations, for outbound asset transfers to foreign corporations

  • Ramon Camacho, /content/mcgladrey/en_US/about/profiles/Castro-de-Mario, Jamison Sites
  • |
  • August 09, 2021
IRS denies like-kind exchange treatment for most cryptocurrency trades

TAX ALERT

IRS denies like-kind exchange treatment for most cryptocurrency trades

In a new IRS Legal Memo, the IRS opines that most pre-TCJA exchanges of one cryptocurrency for another did not qualify for gain deferral.

Digital Assets: Value added tax and digital services tax implications

INSIGHT ARTICLE

Digital Assets: Value added tax and digital services tax implications

Digital assets may be impacted by value added tax and digital services tax implemented by various jurisdictions.

Four things to do if your bank is eyeing digital assets

INSIGHT ARTICLE

Four things to do if your bank is eyeing digital assets

Executive teams at traditional banks must learn to understand how to best be prepared for the future of banking.

Court case challenges filing requirements for crypto staking rewards

TAX ALERT

Court case challenges filing requirements for crypto staking rewards

Court case challenges income tax filing requirements for crypto staking rewards stating that they are taxpayer created and thus not income.

Biden Tax Plan targets cryptocurrency compliance to fund IRS

TAX ALERT

Biden Tax Plan targets cryptocurrency compliance to fund IRS

The Treasury just released a report proposing how cryptocurrency compliance will contribute to funding the $80 billion IRS overhaul.

How regulatory oversight may change at 5 agencies

INSIGHT ARTICLE

How regulatory oversight may change at 5 agencies

A look at the changing regulatory landscape for the financial services industry under the Biden administration.

IRS issues final regulations for sales of partnership interests

TAX ALERT

IRS issues final regulations for sales of partnership interests

Final section 864(c)(8) regulations clarify rules for foreign partners with ECI from transfers of partnership interests.

  • Aureon Herron-Hinds, Jamison Sites, Melanie Gulden
  • |
  • November 06, 2020

RECORDED WEBCAST

Digital Assets – the AICPA’s practice aid on accounting and auditing

RSM is pleased to offer a webcast on the AICPA’s practice aid on accounting for and auditing of digital assets.

  • Jay Schulman, Mark Murray, Monique Cole
  • |
  • October 27, 2020

HOW CAN WE HELP YOU?

To discuss how our team can help your business, contact us by phone 800-274-3978.


CONTACT JAMISON

+1 202 370 8190
jamison.sites@rsmus.com
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