Senior Member

Bruce M. Reynolds

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 News, Articles & Speaking Engagements

Recent Cases Define the Prohibition Against Tax Collection During Refund Suits

co-author with Susan R. Crowe, Journal of Taxation, Vol. 106, No. 5, May 2007

Corporate Taxation

Teacher, University of Kentucky College of Law, Spring 2006

IRS Modifies Position and Allows Discounts on Intra-Family Stock Transfers

Vol. 71, No. 6, Taxes Magazine, 381, June 1993

Is There Any Statute of Limitations on the 'Tax Shelter' Penalties?

Vol. 77, No. 6, Journal of Taxation, 342, December 1992

Planning for Partnership Disputes

Chapter 4, Kentucky Partnership Law Handbook, 1991

Applying I.R.C. Section 1033 to Involuntary Conversion of Thoroughbred Horses

Vol. 70, No. 4, Kentucky Law Journal, 987, 1983

Tax Free Exchange of Interests in Thoroughbred Horses

Vol. 69, No. 8, Taxes Magazine, 547, August 1981
Recent Assignments
Bar Admissions
U.S. Claims Court
U.S. Court of Appeals for the 6th Circuit
U.S. Court of Appeals for the 7th Circuit
U.S. District Court for the Eastern District of Kentucky
U.S. District Court for the Western District of Kentucky
U.S. Supreme Court
U.S. Tax Court
American Bar Association
Kentucky Bar Association
More Than Stites & Harbison

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 (1993-2022)

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)

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Reynolds Best Law2022
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