Thomas I. Hausman | Attorney

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Thomas I. Hausman has practiced tax law for more than 25 years. He counsels a variety of clients on partnership and corporate tax matters. In particular, Mr. Hausman has represented many clients in connection with the formation, management, operation, and liquidation of partnerships and limited liability companies, the sale of partnership interests, the reorganization of partnerships and limited liability companies, and the allocation of profits and losses among partners. He has counseled many clients in the use and formation of family limited partnerships and limited liability companies.

Mr. Hausman has advised many clients on tax-deferred like-kind exchanges and the creative uses of like-kind exchange techniques in the partnership context. Furthermore, he has done extensive work on the tax consequences of debt workouts and restructurings in the partnership context.

Mr. Hausman has also represented several clients in connection with the purchase and sale of businesses, the tax-free reorganization of businesses, tax-free divisive corporate reorganizations, and tax-free recapitalizations.

Mr. Hausman, over the years, has appeared many times before the Appeals Office of the Internal Revenue Service, and has successfully represented several clients before the United States Tax Court. In one case, Mr. Hausman successfully represented a client before the United States Sixth Circuit Court of Appeals, which reversed a decision of the United States Tax Court. He has also represented several clients in sales tax audits conducted by the Ohio Department of Taxation.

Mr. Hausman is the Administrative Director of the Graduate Tax (LL.M.) Program and a faculty member of Case Western Reserve University School of Law, where he teaches (or has taught) courses in Partnership Tax, Corporate Reorganizations, Corporate Tax, Business Planning, and Advanced Corporate Tax Problems.

Mr. Hausman has published articles on a variety of tax matters, including the simplification of the partnership tax allocation regulations, family limited partnerships, the tax consequences of home ownership, the abandonment of a partnership interest, and the unified audit rules pertaining to Subchapter S corporations.

Mr. Hausman has been a frequent speaker at the Cleveland Tax Institute, and was its General Chairman in 1996. In addition, Mr. Hausman is a member of the Tax Specialty Board of the Ohio State Bar Association, which is responsible for making recommendations to the Ohio Supreme Court for the certification of a lawyer as a tax specialist.

Mr. Hausman is a member of the Tax Section American Bar Association, where he has for many years been a member of the Committees on Partnership Tax and the Individual Investments and Workouts. For two years, he was the Chairperson of the Individual Investments and Workouts Committee. He has lectured or participated in a panel discussion on a wide variety of tax matters at the Tax Section, including Legal Opinions on Tax Matters, the Original Issue Discount Rules, the tax consequences of Debt Workouts and Restructurings, the Abandonment of a Partnership Interest, and the Tax Consequences of the Receipt of Damages in an Employment Discrimination Lawsuit.

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