Profile
Attorney David Lee Rice has been assisting private individuals and corporate clients with tax and estate-related matters for more than 30 years. As the senior partner of David Lee Rice, APLC in Torrance, California, Mr. Rice focuses his practice on tax planning for individuals and businesses, tax controversies, elder law, estate planning and probate law.
Mr. Rice graduated with cum laude honors and received his Juris Doctor from Loyola Law School in 1979. He holds an LL.M. in taxation from University of San Diego School of Law, is certified as a specialist in taxation by the State Bar of California's Board of Legal Specialization and as a certified elder law attorney by the National Association of Elder Law Attorneys (NAELA). Both he and his law firm have received an AV Preeminent* peer review rating through Martindale-Hubbell.
Mr. Rice has taught, published and lectured extensively on topics related to his practice, and he has also testified before the IRS and Congress. He currently chairs the American Bar Association's Individual Income and Family Tax Committee and has held numerous leadership positions for a number of other organizations, including the Beverly Hills Bar Association, the California State Bar and the NAELA.
*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the anonymous opinions of members of the bar and the judiciary. Martindale-Hubbell peer review ratings fall into two categories: legal ability and general ethical standards.
About David Rice
Law School: Loyola Law School Los Angeles
Admitted: 1979, California
Professional Webpage: www.lawrice.com/bio_rice.html
Bar/Professional Activity:
- Former Director, Board of Directors, Fibromyalgia Treatment Center
- South Bay Estate Planning Council
- South Bay Bar Association
- Los Angeles County Bar Association
- Beverly Hills Bar Association
- Former Chair, State Bar Income Tax Committee
- Former Chair, State Board of Legal Specialization Tax Section
- Former Chair, Beverly Hills Bar Association, Tax Section
Scholarly Lectures and Writings:
- Divorce and Registered Domestic Partner Dissolutions - A Reminder that Hisotry Does Indeed Repeast Itself. American Bar Association Annual Meeting, May 2011.
- National Academy of Elder Law Attorneys (April 2006), "Tax Consequences of Caregiver Contracts."
- ABA, Family Law Advocate - "Planning for Innocent Spouse in Divorce" Fall 1995.
- RIA Estate Planning Journal, August 2003, "Fraudulent Transfers - New Developments Affect the Statutes of Limitations for Fraudulent Transfers."
- Los Angeles Lawyer, March 2005, "Protecting the Innocent"
- California Tax Lawyer, Winter 2005, "Tax Defense Protection Strategies - Whay Can the Tax Practitoner Legally Advise?"
- RIA Journal of Taxation (August 2003) - IRS and the Courts Provide Guidance for Taxapyers Seeking Relief as an Innocent Spouse.
- Califonria Tax Lawyer, Spring 2008(Vol 17, No2) "Long Term Expenses and the Medical Deduction - the Need for Regulatory Reform"
- Papers presented to the Internal Revenue Service, Department of Treasury, United States Senate and House Ways and Meand Committee: A. IRC Section 213 - the Medical Deduction: A Need for Statutory Reform. B. Proposed Amendment to IRC Sections 1034 and 6013 (May 1993) C. Propsed Amendment to Section 1034 of the Internal Revenue Code (May 1994) D. Comment to the Proposed Treasury Regulations Addting Section 1.664-4(c)(3)(iii) and 1.664-4(c)(2). E. Comments to Proposed Amendments to Circular 230 (May of 2005 and May of 2006) F. Proposed Regulations of the Accuracy Related Penalty (May 2002).
- Innocent Spouse From the Front Lines. American Bar Assocation Winter Meeting 2010.
- Encouraging The Fair Treatment of Emotional Distress Damage Awards, American Bar Association Annual Meeting, May 2010.
- Is a Worker and Employee or Independent Contractor? California Tax Bar and California Tax Policy Conference 2010.
- Co-Author of Desperate Spouses - What Every Tax Practitioner Needs to Know About Fraudulent Conveyances and States' Property Rights to Protect the Innocent Spouse. Matthew Bender USC Tax Institute 2007.
- The Ethics of Fraudulent Conveyance: What Every Tax Lawyer Must Know. 2006 California Tax Bar and the California Tax Policy Conference.
- 2. Co-Author of Capital Gains Planning After 2008, Matthew Bender (USC Tax Institute).
- Mr. Rice has published numerous articles inlcuding, but not limted to the following:1. Elder Law and the Tax Practitioner How to Navigate the Murky Waters Tax Development Journal. Volume 2, Spring 2011;
Verdicts and Settlements:
- Mr. Rice has handled numerous tax controversies and audits. Recently, our firm handled a tax audit in which the taxpayer was issued an assessment of over $1,000,000 and settled the case for $18,000. Our firm also just handled a case with the Franchise Tax Board against a taxpayer with a proposed assessment of $1,300,000, which was settled for $250,000. In addtion to handling tax audits and tax litigation, our firm also handles numerous collection matters and can properly advise the taxpayer on the best way to resolve his or her tax issues with the tax agency in question.
Our firm also handles probates, estate planning and elder law matters, including Medi-Cal planning and financial Elder Abuse cases. In a recent Elder Abuse case, an elderly client was induced to sell her property for $300,000. Our firm realized that the elderly client had been taken advantage of and settled the case to $2,700,000.
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