https://www.leagle.com/decision/incaco20180302046

if anyone has been following along

girardi and lack own g&l aviation

walter lack works for lipscomb

found some info on interior of raided bldng

For decades, Girardi owned the building at 1126 Wilshire Boulevard, through an entity known as 1126 Wilshire Partnership, where he operated his law firm, G&K. In 1997-1998, the three-story building immediately to the east, at 1122 Wilshire Boulevard became available for purchase. The 1122 Wilshire parcel included a rear parking lot on Ingraham Street with 28 parking spaces. Girardi wanted to purchase 1122 Wilshire and to renovate it so as to be able to occupy the two side-by-side buildings, enabling his firm to expand.

The 1122 Wilshire property was purchased for $1.1 million, with $100,000 down and a $1 million loan personally guaranteed by Girardi and Walter Lack (Lack). Title was taken in the name of G&L (a general partnership formed by Girardi and Lack) as 75 percent owner, and Lipscomb as 25 percent owner. G&L contributed $75,000 of the down payment and Lipscomb contributed the remaining $25,000. G&L and Lipscomb formed a new general partnership called 1122 Wilshire Building Partnership to own and operate the building.

In 1999, G&K extensively renovated the 1122 property, including creating an opening in the wall between 1122 Wilshire and 1126 Wilshire, so that employees of the firm could walk back and forth between the two buildings. The cost of the improvements was about $2.2 million, and was borne entirely by G&K. In 2000, the renovations were complete and G&K expanded its offices into the 1122 building.

opening inside. girardi owned both

Firm On Hook For $1M Tax Bill Over Jet Use, 9th Circ. Says

Law360, New York (January 3, 2017, 12:16 PM EST) – The Ninth Circuit has let stand more than $1.1 million in taxes and penalties leveled against Los Angeles plaintiffs’ firm Engstrom Lipscomb & Lack over payments to an aviation company, finding the

have to sign up for the rest

https://www.law360.com/articles/876678/firm-on-hook-for-1m-tax-bill-over-jet-use-9th-circ-says

g&l

>>5158570

https://www.bergerlaw.net/tax-court-grounds-law-firms-travel-deduction-for-use-of-partners.html

The US Tax Court‘s ruling in favor of the Internal Revenue Service stands as a stark reminder for taxpayers of all sizes about the need to keep clear, accurate, and contemporaneous expense records.

The unsuccessful taxpayer was Engstrom, Lipscomb & Lack, APC, a prominent personal injury and class action law firm in Southern California. The firm’s tax troubles arose after the IRS hit it with a deficiency of nearly $1.25 million across a period of three years, 2008-10. The IRS also hit the firm with an accuracy-related penalty. The dispute related to a carried-forward net operating loss from 2007. A main piece of that loss was the firm’s 2007 travel expense deduction, which was itself the crux of the IRS’s case. One of the firm’s owners, Walter Lack, also co-owned an aviation company, G&L Aviation, with Thomas Girardi. G&L owned an American Gulfstream jet and a Raytheon turboprop that Lack and his fellow G&L owners used to travel to various locations. Lack’s travels were, according to the firm, related to firm business. The law firm, however, never held any ownership interest in G&L or G&L’s aircraft.

https://www.prnewswire.com/news-releases/thomas-girardi-named-top-attorney-of-the-year-for-2019-300777350.html

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IAOTP

Jan 16, 2019, 08:02 ET

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LOS ANGELES, Jan. 16, 2019 /PRNewswire/ – Thomas Vincent Girardi, Attorney and Founding Partner of Girardi & Keese, was recently selected as Top Attorney of the Year for 2019 by the International Association of Top Professionals (IAOTP).

Mr. Girardi was honored at the Plaza Hotel in New York City for this distinction as well as for his distinction as National Consumer Trial Attorney of the Year, and Business Innovator of the Year.

you get an award

and you get an award

awards for everyone