Stephen J. Turanchik is an attorney in the Tax practice of Paul Hastings and is based in the firm’s Los Angeles office. Mr. Turanchik's practice focuses on tax controversy and litigation at the state and federal levels and tax advice on international reporting.
Mr. Turanchik previously litigated for six years for the U.S. Department of Justice, Tax Division, Civil Trial Section out of Washington, DC. Mr. Turanchik has substantial litigation experience. During his tenure with the Tax Division, Mr. Turanchik handled hundreds of tax cases in federal, bankruptcy, state and probate court. He received an Outstanding Attorney award from the Tax Division in 2003.
Experience
- Represented multi-billion dollar U.S. pension funds in European refund claim suits in excess of $50 million
- Served as international tax reporting subject matter expert for independent examiner in U.S. Department of Justice Swiss Bank Program
- Represented bank holding company in U.S. Bankruptcy Court regarding tax allocation agreement of $50 million and income tax refunds in excess of $7 million.
- Defended internet service provider in employment tax audits in New York, California and Washington State
- Provided tax advice to investment managers and financial institutions on compliance obligations under the Foreign Account Tax Compliance Act
- Defended virtual currency exchange in examination by Department of Treasury Financial Crime Enforcement Network
- Advised clients on tax consequences relating to expatriation from the United States
Notable Published Court Decisions
- Blum v. Comm’r, T.C. Memo. 2012-16, 2012 WL 129801 (2012)
- Samueli v. Comm’r, 132 T.C. 37 (2009)
- In re Anton Noll, Inc., 277 B.R. 875 (1st Cir.BAP 2002)
- Nault v. United States, 99 AFTR2d 2007-1027 (D.N.H. 2007)
- Subash v. I.R.S., 514 F.Supp.2d 114 (D.Mass. 2007)
- Johansen v. United States, 2006 WL 4391304 (D. Mass. 2006)
- United States v. City of Cambridge, 98 A.F.T.R.2d (RIA) 5895 (D. Mass. 2006)
- United States v. Verduchi, 95 A.F.T.R.2d (RIA) 2168 (D.R.I. 2005)
- Stuart v. United States, 89 A.F.T.R.2d (RIA) 540 (D. Mass 2002) aff’d, 337 F.3d 31 (1st Cir. 2003)