Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Estate Planning
OUTCOME: Happy clients.
Dual French-U.S. Citizen worth $250,000,000 divided estate with wife who remains in U.S. Husband expatriated in March, 2013, so that appreciation on his $125,000,000 of the assets is not subject to U. ... S. income tax and will not be subject to U.S. estate tax on his death. The IRC Section 877A exit tax, which was deferred, was only $15,000,000.
OUTCOME: IRS asserted $14,000,000 deficiency
negotiated settlement of $2,000,000
OUTCOME: Assets distributed to children.
Estate of wife of actor Robert Blake. Blake was found liable for the wrongful death of his wife in a civil trial.
OUTCOME: Millions in deductible contributions
Prepared pensions plans for Sorrell Booke's various personal service companies during the Dukes of Hazzard TV series run.
OUTCOME: Did not have to pay tax on $2.6 million of income
IRS treated $2.6 million of compensation paid by this C corporation as a dividend, meaning it was "unreasonable" compensation. The result would have been a $1,000,000 tax at the corporate level, along ... with significant interest and penalties. The taxpayers were able to show, through the introduction of expert testimony, that the compensation for the years 1987 - 1989 was reasonable.
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
