One Law Partners, LLC successfully defended its client against a gift tax audit concerning the source of funds used to acquire convertible bonds and the subsequent conversion of those bonds into shares. By submitting supporting materials and legal opinions substantiating the source of funds and the substance of the underlying legal relationships, ...

One Law Partners, LLC successfully represented the taxpayer in a Tax Tribunal appeal concerning the application of the one household-one home capital gains tax exemption and obtained a revocation of the assessment through the tax authority’s ex officio withdrawal of the disposition.1. Overview of the Case The taxpayer reported capital gains ...