Karen_Field

Karen M. Field J.D.

Senior Director, RSM US LLP

Karen M Field

Senior Director, Washington National Tax             

Washington, DC

Karen.Field@rsmus.com

Summary of Experience

Karen Field has over 37 years of experience in the Employee Benefits area. Karen joined the RSM Washington National Tax Compensation and Benefits group after retiring from KPMG's Washington National Tax Compensation & Benefits group.

Before joining KPMG, Karen spent over 11 years in IRS National Office TE/GE working on qualified retirement plans (e.g., 401(k) and pension plans), 457 plans, SEPs, nonqualified deferred compensation plan issues and Form 1099 reporting issues.

Karen works on both domestic and international compensation and benefits issues. Karen reviews and helps determine the taxation and deductions for fringe benefits (including Meals & Entertainment expenses), equity compensation, and nonqualified deferred compensation arrangements (including section 409A, section 457(f) and (b) plans, and certain international plans). She assists with section 280G golden parachute rules, section 162(m) $1 million dollar limit rules, section 4960 determinations, fringe benefits, partnership compensation arrangements, and other employee benefits.

Karen also works with qualified 401(k), IRA/Roth IRA and pension issues, including cross-border pensions, prohibited transaction issues, and deduction issues.

Karen speaks at professional conferences around the country, including the AICPA, TEI and the JCEB. She is a member of the Joint TE/GE Council Employee Plans Council, is the past Tax chair for the AICPA Employee Benefits Conference Committee and assists with the AICPA Employee Benefit Technical Resources Panel. She is a current member of the AICPA Tax Reform Section 274 Meals & Entertainment and the AICPA Section 4960 and Covid-19 Payroll Tax Credit response teams.

Professional Registrations and Affiliations

•    Member - Virginia State Bar Association

•    American Institute of Certified Public Accountants - Tax Section

•    American Bar Association - Tax Section

Education

•    JD, George Mason University Scalia School of Law

•    BS, University of Virginia

Appearances