Mark Sommer on Muck Rack

Mark Sommer

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Buffalo
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Articles

Five Questions With FBT Gibbons Tax Practice Chair Mark Sommer

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By Mark Sommer Verified
| Bloomberg Law Verified
Bloomberg Tax Insights & Commentary is featuring a recurring questionnaire of prominent tax professionals who are willing to share their thoughts about their work and the practice of tax these days. Today we feature Mark Sommer, who leads the tax, benefits and estates practice group at FBT Gibbons in Louisville, Ky. What is the biggest challenge that tax practitioners are facing in 2026? I sound like a broken record, but it’s the impact of artificial intelligence.
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Five Questions With FBT Gibbons Tax Practice Chair Mark Sommer Original

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By Mark Sommer Verified
| Bloomberg Tax Verified
Bloomberg Tax Insights & Commentary is featuring a recurring questionnaire of prominent tax professionals who are willing to share their thoughts about their work and the practice of tax these days. Today we feature Mark Sommers, who leads the tax, benefits and estates practice group at FBT Gibbons in Louisville, Ky. What is the biggest challenge that tax practitioners are facing in 2026? I sound like a broken record, but it’s the impact of artificial intelligence.
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Care to Predict What Happens? Kentucky’s New Prediction Markets Tax

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By Mark Sommer Verified
| JD Supra
In the recently concluded 2026 Regular Session of Kentucky’s General Assembly, there was significant activity concerning prediction markets like Kalshi and Polymarket, all with potential serious economic impact. Specifically, House Bills 757, 869 and 904 all addressed prediction market contracts in one way or another. Via essentially a double-barrel blast against prediction markets, Kentucky has enacted what is, at its end, a 14.25% transactional-based excise tax on prediction market contracts.
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