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Douglas P. Romaine

Direct Phone: 859.231.3085

Douglas P. Romaine

Doug 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 & Family Law, Equine Transactional, Tax and Arbitration & Mediation practices.

Doug 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. Doug 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.

Doug is AV Preeminent® Peer Review Rated™ by Martindale-Hubbell® and is recognized as a Best Lawyer and a Kentucky Super 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.

Doug 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.

Work Highlights

Estate Planning & Administration

SKO administers the estates of notable horsewomen and horsemen and is actively involved in planning estates in the shifting economic climate.

Revenue Cabinet v. Kentucky American Water Company, 987 SW2d 9 (Ky. 1999) (addressed application of manufacturing exemption for sales and use taxes to distribution system of water company).

Salihm Zamzam v. United States, 79 A.F.T.R.2d ô. 97-115 (W.D. Va. February 28, 1997) (addressed application of federal tax jeopardy assessment procedures).

Costain Coal, Inc. v. United States, 96-2 U.S.T.C.ô 70,062, U.S. Court of Federal Claims Nos. 93-57T & 61T (1996) (addressed application of federal black lung excise tax to coal company).

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) (addressed construction of will and whether decedent possessed general power of appointment over testamentary trust).

Revenue Cabinet v. Castleton, Inc., 826 S.W.2d 334 (Ky.App. 1992) (addressing taxpayer's right to a refund under KRS 134.580 without having first exhausted pre-deprivation protest remedy)

Stoner Creek Stud, Inc. v. Kentucky Revenue Cabinet, 746 S.W.2d 73 (Ky. 1985) (addressed application of various sales and use tax exemptions to Kentucky's horse industry).