Douglas P. Romaine is Of Counsel in Stoll Keenon Ogden's Lexington office, and has been with the firm since 1983. He is a member of the Trusts & Estates and State & Federal Tax Practices. Mr. Romaine has advised closely-held and publicly-owned businesses on a wide range of issues affecting their operations, including corporate and individual income tax planning, acquisitions and dispositions of assets and businesses, the administrative protest of proposed tax deficiencies before the Internal Revenue Service and the Kentucky Department of Revenue, and litigation of tax cases in state and federal courts and legislative counseling. Mr. Romaine regularly counsels with persons engaged in the horse industry, including structuring U.S. operations of foreign nationals and defending taxpayers from challenges by the Internal Revenue Service to the use of horse-related losses under the hobby loss and passive activity loss tax rules. Mr. Romaine is AV® Preeminent™ Peer Review Rated by Martindale-Hubbell® and is recognized as a Best Lawyer in the field of Tax Law for his many legal accomplishments. He also has experience assisting clients in minimizing estate, gift and generation-skipping taxes, including the preparation of wills, trusts, family limited partnerships and private foundations. In addition, he has served as a court-appointed mediator and expert witness regarding disputes concerning the professional responsibility of tax professionals. Mr. Romaine is a member of the Fayette County, Kentucky, Florida, Virginia and American Bar Associations. He is also a member of the American Horse Council Tax Advisory Board and the American College of Equine Attorneys. He attends Good Shepherd Episcopal Church. Married with four children, he enjoys hunting, fishing, golf, hiking and jogging in his free time.
Salihm Zamzam v. United States, 79 A.F.T.R.2d ¶. 97-115 (W.D. Va. February 28, 1997) — Succesasfuly defeated IRS jeopardy tax assessment
Estate of Jane H. Duvall, Deceased, Larry Cleveland, Executor, Petitioner, Francis Bowman and George P. Taylor, Jr., Intervenors v. Commissioner of Internal Revenue, T.C. Memo 1993-319 (1993) — Successfuly intervened in Tax Court proceeding on behalf of remaindermen construing terms of Last Will
and Testament on issue of whether decedent possessed general power of appointment
Revenue Cabinet v. Castleton, Inc., 826 S.W.2d 334 (Ky.App. 1992) — Successfully represented taxpayer in right to refund claim where taxpayer had initially paid tax upon audit and subsequently sought refund
Stoner Creek Stud, Inc. v. Kentucky Revenue Cabinet, 746 S.W.2d 73 (Ky. 1985) — Involved application of various sales and use tax exemptions under Kentucky law to the horse industry