Bruce Reynolds is a Senior Member of the firm based in its Lexington office although he advises lawyers located in other offices as to complex tax matters. His practice focuses primarily on taxation and tax related matters, including tax controversies and disputes, business transactions and estate planning for business owners. He also has been involved in numerous disputes involving fiduciary relationships.
During his long career with Stites & Harbison, Bruce has assisted many of the firm's largest clients with a myriad of complex federal, state, and local tax matters. His most notable tax case involved the successful representation of a Chicago Board of Trade floor trader before the United States Tax Court in a commodity straddles case which resulted in a decision that invalidated two Treasury regulations. He also has assisted clients in obtaining favorable private letter rulings from the Internal Revenue Service in a variety of matters of first impression.
Recent Cases Define the Prohibition Against Tax Collection During Refund Suits
IRS Modifies Position and Allows Discounts on Intra-Family Stock Transfers
Is There Any Statute of Limitations on the 'Tax Shelter' Penalties?
Planning for Partnership Disputes
Applying I.R.C. Section 1033 to Involuntary Conversion of Thoroughbred Horses
Tax Free Exchange of Interests in Thoroughbred Horses
After graduating from college and law school at the University of Kentucky, Bruce spent four years in Washington, D.C. working first for the Chief Counsel of the Internal Revenue Service and then as an attorney-advisor to the Hon. J. Gregory Bruce, Judge of the United States Tax Court. Also, while in Washington, he earned an LL.M. in Taxation from Georgetown University.
Bruce and his wife, Kathy (a certified public accountant), have been married since 1970 and they have a son, Ben, a New York investment banker. Bruce is an avid sports fan with a love of basketball and soccer. His idea of a vacation is being on a bicycle on the back roads of Italy looking forward to his next glass of wine and bowl of pasta.
Martindale-Hubbell® AV-Preeminent® Peer Review Rated
Best Lawyers in America®, Employee Benefits (ERISA) Law; Litigation & Controversy - Tax; and Tax Law (1993-2020)
Best Lawyers in America®, Lexington Area Lawyer of the Year for Employee Benefits (ERISA) Law (2014)
Best Lawyers in America®, Lexington Area Lawyer of the Year for Tax Law (2011)
Kentucky Super Lawyers® (2010-14)