Practice Areas

Representative Matters: Tax: Individual

  • Advised and represented numerous individuals as to available options to come into compliance with reporting requirements for US persons with foreign accounts/holdings and assisting these persons with making submissions to the Internal Revenue Service (“IRS”) under various versions of the IRS OVDP (offshore voluntary disclosure programs) as well as more lenient IRS streamlined offshore procedures.
  • Assisted both individuals and entities with making domestic voluntary disclosures under both IRS and state programs/procedures.
  • Represented and advised multiple taxpayers as to renunciation of US citizenship and impact of so-called exit tax as covered expatriates.
  • Represented personal representative of decedent’s estate in US Tax Court following estate tax examination with unresolved issue and achieved favorable resolution/settlement with IRS Appeals.
  • Assisted family with inherited ranch land in selling property through Section 1031 like kind exchange and obtaining deferral of capital gains tax (both federal and state) of close to quarter of a million dollars.
  • Worked with numerous wealthy non-resident non-citizens as to structuring investments in US real estate to minimize impact of federal taxes.
  • Assisted US beneficiary of foreign trust, which was part of a multi-layer planning structure created by parent, to migrate the trust to the US, minimizing adverse tax consequences and future administration expenses and dealing with compliance problems arising from prior administration of trust. 
  • Advised foreign nationals on pre-immigration tax planning, including making non-taxable transfers to U.S. beneficiaries through complex structures and shedding foreign holding companies and other foreign assets that would create significant adverse US compliance burdens for parents and children upon parents' immigration.
  • Advised foreign parent of US child on options for structuring transfer of complex and extensive business holdings to US dynasty trust for child so as to minimize or eliminate burdensome tax compliance issues for child and significantly reduce child's potential US tax exposure.

News

March 21, 2023

Michelle Chapin’s Article on the Use of Arbitration Causes in Trusts is Published by the MSBA’s Estate & Trust Law Section

Michelle Chapin, a Principal in Paley Rothman’s Estate Planning department, authored an article titled "(Un)Enforceability of Arbitration Clauses in Maryland Trusts" in the MSBA's Estate & Trust Law Section Newsletter Volume 29 Issue 1.

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Blog

Sec. Deb Haaland – First Native American in the Cabinet

Sec. Deb Haaland is the first Native American to serve in the President’s cabinet and has been instrumental in bringing attention and action to the horrific incident rate of...

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Awards

Paley Rothman is delighted to announce that 14 of the firm’s attorneys have been named Maryland Super Lawyers and Rising Stars for 2023. Family Law attorney Glenn Cooper was ranked the Number 1 Lawyer in Maryland. Both Glenn and Litigation attorney Trish Weaver were named in the Super Lawyers Top 100 List and Trish was honored in the list of Top 50 Women.

For the 11th year in a row, Paley Rothman earned national and local honors in U.S. News - Best Lawyers® 2023 "Best Law Firms" rankings.

Paley Rothman is pleased to announce that 19 lawyers have been selected in the 2023 Edition of The Best Lawyers in America. Jennifer Pope was named Best Lawyers: Ones To Watch for the first time alongside attorney Hayes Edwards. Attorneys Glenn Cooper, Hope Eastman, and Daniel Hodin have been listed Best Lawyers for 15 consecutive years.

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