Background
Victoria is a Tax Managing Director in KPMG’s Houston’s office and is the Tax Controversy Practice Leader for the Southwest area (Texas, Oklahoma, Colorado and Louisiana). Victoria joined KPMG in 1998 and has more than 35 years of experience in tax controversy matters. Victoria regularly represents corporate and other business clients before the Internal Revenue Service.
Professional and Industry Experience
Victoria joined KPMG in the fall of 1998 to lead the Southwest Area’s Tax Controversy Services practice. The practice focuses on IRS examinations,
appeals, and various alternative dispute resolution proceedings. Ms. Sherlock has personally handled approximately seven post appeal mediation cases and numerous regular appeals cases. As a Tax Managing Director in the Western Area, Victoria advises clients on all aspects of IRS controversy matters and coordinates KPMG’s representation of clients before the IRS in the Southwestern portion of United States. Ms. Sherlock has special expertise handling oil and gas income tax issues, valuation issues, transfer pricing matters and various accounting method issues. Ms. Sherlock also has substantial experience handling excise and employment tax disputes.
Before joining KPMG, Victoria was a senior attorney with Houston District Counsel, IRS, where she was responsible for the development and litigation of major tax controversies. Victoria was actively involved in providing support and advice to large case examination teams on a wide variety of matters including corporate tax shelters, oil and gas issues, excise tax issues, accounting methods, and transfer pricing issues.
In 1994, Victoria was appointed Special Counsel to the Department of Justice Tax Division in order to participate in the litigation of a major oil and gas issue in the U.S. District Court for the District of Delaware. As the result of her efforts in this case, Victoria was awarded the Attorney General’s Special Contribution Award in October 1996. At the IRS, Victoria received numerous awards including Southwest Region Attorney of the Year in 1993. Victoria has litigated numerous tax cases, including: Estate of Artemus D. Davis v. Commissioner (valuation of closely held stock), Shell Petroleum, Inc. & Subsidiaries v. United States and Texaco v. Commissioner (meaning of oil produced from tar sands under I.R.C. §29), and Leavell v. Commissioner (disregard of professional corporation – professional basketball player).
Before returning to the IRS in 1991, Victoria was in private practice in Houston, Texas. Prior to 1986, Victoria was a trial attorney with the Department of Justice Tax Division in Washington, D.C. and Dallas, Texas, and a Senior Attorney Advisor with the IRS National Office.
Other Activities
Victoria is a frequent speaker at tax conferences including those sponsored by the State Bar of Texas, the Texas Society of CPAs, the Tax Executives Institute, and various local AICPA chapters.