Lucy S. Lee is an associate in Caplin & Drysdale's Washington, D.C. office. She joined the firm in 2007.
Services
Ms. Lee's practice focuses on international tax planning and controversies, including inbound and outbound tax planning, foreign tax credits, application of tax treaties, asset management, audits, and competent authority proceedings. She also has extensive experience in tax compliance of individuals and businesses in the cross-border context, including reporting of foreign trusts and offshore financial accounts.
Her practice also encompasses income and succession planning for wealthy individuals and families, including pre-immigration planning and expatriations, foreign trusts, and family limited partnerships.
Highlights
Ms. Lee handles a versatile range of cases and clients:
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Taxpayers engaged in cross-border businesses and investments, including with Asia and Europe
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Taxpayers who require representation in audits, competent authority proceedings, voluntary disclosures, and IRS Whistleblower Office
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Nonresident athletes and entertainers performing globally
Prior to joining Caplin, Ms. Lee spent six years in the National Tax Department of Ernst & Young LLP, focusing on international tax planning for corporations, partnerships and private clients. She focused, among others, on cross-border mergers and acquisitions, controlled foreign corporations, passive foreign investment companies, treaties and foreign tax credits. Ms. Lee is fluent in Korean.
Professional Activities
- Frequent lecturer on wealth management and succession planning in Korea and major U.S. cities
- ABA and ALI-ABA lecturer on foreign accounts, international tax compliance and resolving unreported assets and other non-compliance
- State bar lecturer on taxation of CFCs and PFICs
Selected Recent Publications
- The IRS Goes Golfing for Revenues from Foreign Athletes, Press Release (August 18, 2009)
- Monthly columnist (in Korean) for the Law Times in Korea where she discusses the latest trends in U.S. tax law
- Time for a Change: Toward a New Korea-U.S. Income Tax Treaty, Tax Notes International (v. 54, no. 3, April 20, 2009)
- Shooting for the Stars: The IRS Takes Aim at the Income of Foreign Athletes and Entertainers, Accounting Today (April 20-May 3, 2009)
- Information Reporting and Civil Penalties (in a Nutshell), CCH Journal of Tax Practice & Procedure (April-May 2009 Ed.)
- Foreign Trust Reporting and Compliance, Mondaq Business Briefing (with Paula Charpentier, January 12, 2009)