Galina Allie Petrova

Practice Areas

Tax

Corporate and Partnership Tax

Mergers and Acquisitions

Tax Controversy

State and Local Tax

Career

Allie Petrova advises business owners, investors, and growth-oriented businesses on business tax matters. She counsels on tax structuring in acquisitions, business sales and divestitures, reorganizations, joint ventures, and other milestone transactions. Allie delivers practical legal advice and tax-efficient strategic planning grounded in sophisticated experience and financial acumen.

Allie handles complex tax controversy matters and represents clients before the United States Tax Court, the Internal Revenue Service, and the state taxing authorities in civil tax examinations, administrative appeals, and litigation where substantial civil income tax and penalty issues are involved.

Publications

Co-Author, “Representing the Professional Selling to or Purchasing a Minority Interest in a Corporate Practice,” The Practical Tax Lawyer (American Bar Association’s Publication), Fall 2021.

Co-Author, American Bar Association’s Section of Taxation, “Comments on Specific Substantive and Procedural Provisions Impacted by the COVID-19 Emergency,” April 2020.

Co-Author, “Worker Classification Best Practices and Remedies for Error: Options for Professional Practices,” The Practical Tax Lawyer (American Bar Association’s Publication), Fall 2018.

Co-Author, American Bar Association’s Section of Taxation, Initial Comments Concerning the Aggregation and Disaggregation of Trade or Business Activities for Purposes of Section 199A, May 2018.

Author, “Are Concierge Physician Fees Payable Tax-Free from Health Savings Accounts and Reimbursable Health Flexible Spending Accounts?,” Health eSource (American Bar Association’s Publication), July 2017.

Co-Author, American Bar Association’s Health Law Section, Comments on “Hospital Inpatient Prospective Payment Systems,” June 2017.

Author, “The New Partnership Tax Audit Regime: 20 Takeaways,” Tax Assessments (North Carolina Bar Association’s Publication), Winter 2016.

Author, “State Corporate Income Tax: A Stance on the Sales Factor,” Tax Assessments (North Carolina Bar Association’s Publication), Fall 2015.

Author, “U.S. Taxation of Investment Income of Individuals (U.S. Citizens, Resident Aliens and Nonresident Aliens),” EUCOTAX Journal, 2011.

Co-Author, “Modeling Optimal Mandates: A Case Study on the Controversy over Mandatory Professional Liability Coverage and Its Disclosure,” 22 Geo. J. Legal Ethics 1029 (2009).

Expert in these Jurisdictions

U.S. Supreme Court

U.S. Tax Court

U.S. District Court for the Middle District of North Carolina

North Carolina

New York -- First Department

Professional Memberships

ABA Section of Taxation, Closely Held Businesses Committee, Chair (2019-2021)

Vice Chair (2017-2019)

Member (2011- present)

North Carolina Bar Association, Tax Law Section, Chair (2022-2023)

Vice Chair (2021-2022)

Treasurer (2020-2021)

Secretary (2019-2020)

Tax Council (2017-2019)

Membership Committee Chair (2016-2020)

Young Lawyers Division Liaison (2016-2018)

Member (2015 - present)

North Carolina Bar Association, Business Law Section

Member (2017 - present)

Greensboro Bar Association

Herb Falk Society for Pro Bono Service

Board Member (2018-2020)

Holiday Party Committee Co-Chair (2018-2019)

High Point Bar Association Liaison (2017-2018)

Member (2014 - present)

New York State Bar Association

Member (2011 - present)

Personal

LL.M., Taxation, Georgetown University Law Center

LL.M., International Economic Law, La Sorbonne in Paris

J.D., Georgetown University Law Center

Symposium Editor, Georgetown Journal of Legal Ethics

B.S., magna cum laude, Business Administration and Economics, Greensboro College

Wall Street Journal Award

Omicron Delta Kappa Honor Society

Alpha Chi Honor Society

Awards