The Citadel, B.A., English, 1975
University of South Carolina, J.D.; M. Acctcy., 1978
Emory University, LL.M. Taxation, 1982
President, Southern Federal Tax Institute, Board of Trustees (2010)
Fellow, American College of Tax Counsel (2010-present)
Fellow, International Society of Barristers (1996 - present)
Listed, Georgia Super Lawyers (2013 - present)
Listed, Best Lawyers in America (2007 - present), Lawyer of the Year Award (2019)
Listed, Chambers USA: America's Leading Lawyers for Business (2007 - present)
Listed, The Legal 500 U.S. – Tax Controversy (2007 - present)
Lifetime Achievement Award, Daily Report for Georgia Legal Awards (2019)
Atlanta Trailblazer Award, Daily Report (2020)
David Aughtry's practice focuses on civil and criminal tax litigation.
Mr. Aughtry graduated from The Citadel in 1975 with a B.A. in English, from the University of South Carolina in 1978 with a Master's in Accounting and a law degree. He graduated from Emory University in 1982 with a Masters in Taxation (LL.M.).
Upon graduation from the University of South Carolina Law School, Mr. Aughtry joined the Internal Revenue Service as a Trial Attorney, Office of the Chief Counsel, where he also served as a Tax Shelter Coordinator. Mr. Aughtry taught Tax Controversy as an Adjunct Professor in the Emory University Masters in Taxation Program from 1987 through 1994 and in the Emory School of Law from 1995 through 1998 and 2003.
From 1996 through 2002, he served as an Instructor for the National Institute of Trial Advocates (NITA) in its program on "Litigating before the United States Tax Court" and was recently selected as a fellow of the International Society of Barristers. He is recognized as a national authority in tax litigation in Chambers USA and the US Legal 500 Litigation Guide.
Mr. Aughtry has tried (and/or argued on appeal) over 70 cases and successfully argued Hubert v. Commissioner before the Tax Court, the Eleventh Circuit, and the United States Supreme Court. Among the public company matters, David successfully tried Santa Fe Pacific Gold Co. v. Commissioner (termination or breakup fee in hostile takeover held to be deductible, with Indopco distinguished) and Plains Petroleum Co. v. Commissioner (Section 269 tax avoidance held factually inapplicable to the acquisition of a subsidiary with an $85 mil. NOL) to a final opinion.
Within the last several years, David won Topping v. Commissioner, (the first successful case recognizing horses as a deductible business development tool), Vines v. Commissioner ($13 million case in which the Tax Court held the IRS improperly denied the taxpayer 9100 Relief), and Caracci v. Commissioner (another case of first impression in which the Fifth Circuit reversed the Tax Court and rejected the last of $389 million in intermediate sanctions, taxes, and interest). Topping reaches the opposite result as Boddy v. Commissioner (Arabian horse hobby loss) which Mr. Aughtry won when he was trying cases for the government.
Mr. Aughtry was Chairman of the Budget and Investment Committees of the State Bar of Georgia (1989-1994) He has served as President and Chairman of the Southern Federal Tax Institute and continues to serve on the Board of Trustees. He is a nationally recognized speaker, including presentations for TEI, Mississippi Tax Institute, American Tax Institute, Georgia Tax Conference, Tennessee Tax Institute, Kentucky Tax Institute, AICPA Valuation Conferences, and various other tax programs.
- Cecil v. Commissioner (tried, opinion pending). Despite previously agreed valuation formulas, the IRS claimed $33 million in gift taxes, and interest by contending that a remarkable company must be disregarded for want of economic substance and that the family undervalued gifts of stock. By trial, the IRS reduced its claim to $3.5 million. The family denies any deficiency, claims a refund of $4 million, and remains optimistic about prevailing on a USPAP 9-3 matter of first impression and reversing prior precedent that failed to recognize S corporation tax affecting.
- Lender Management, LLC v. Commissioner, T.C. Memo 2017-246 (2017). Also as a matter of first impression, the Tax Court agreed that the “family office” constituted a Section 162 trade-or-business instead of a Section 212 investment activity (subject to AMT limitations).
- Santa Fe Pacific Gold Co. v. Commissioner, 132 T.C. 12 (2009). In the first termination-fee-capitalization opinion in 15 years, the IRS disallowed a $65 million fee. The trial team, however, successfully persuaded the Tax Court that the break-up fee should be fully deducted by the target in the year paid because the target and white knight included that provision to protect the desired merger against a hostile takeover and the ultimate hostile takeover destroyed – not benefitted – the existence of the target payor.
- Caracci v. Commissioner, 456 F.3d 444 (5th Cir. 2006). The IRS sought over $250 million in excise taxes referred to as “intermediate sanctions” under I.R.C. § 4958 against three home-health care agencies and their owners in relation to the transfer of assets and liabilities when the agencies converted from tax-exempt to non-exempt status. The Federal Fifth Circuit Court of Appeals found taxpayers not liable for any excise tax liability. Complete taxpayer victory.
- International Capital Holding Corp. and Subsidiaries v. Commissioner, T.C. Memo 2002-109. IRS challenged the deductibility of compensation paid between related companies under I.R.C. § 162. Court found company not liable for any additional income taxes. Complete taxpayer victory and IRS liable for attorneys’ fees.
- Trucks, Inc. v. United States, 1:96-CV-800 (No. Dist. Ga. 2002). In a jury trial in the Federal District Court for the Northern District of Georgia ( Atlanta), the IRS attempted to collect millions from a large trucking company based on attack of their per diem plan for reimbursing drivers for over-the-road travel expenses. Court issued directed verdict to trucking company at the conclusion of the trial. IRS liable for attorneys’ fees.
- Estate of Lassiter v. Commissioner, T.C. Memo 2000-324. The IRS attempted to collect millions from the estate of a prominent landowner in Georgia and New York by challenging a disclaimer executed by the family members involving a pre-1982 will. The Tax Court found the disclaimer to be valid. Complete taxpayer victory.
- U.S. v. Jillson and Nixon, 99-2 U.S.T.C. ¶ 50,937 (DC-So. Fla. 1999). Rare taxpayer victory in summons enforcement case involving two executives of large installation company.
- Commissioner v. Estate of Hubert, 520 U.S. 93 (1997) - U.S. Supreme Court held that estate was not required to reduce its marital and charitable deductions by amount of administration expenses paid from income generated by assets allocated to marital and charitable bequests.
Lectures & Teaching Assignments
- Adjunct Professor, Tax Controversy, Emory University, Master's in Taxation Program (LL.M.) (1988-1994) and J.D. Program (1996-1998)
- Instructor, "Trial of a Tax Court Case," National Institute of Trial Advocacy (NITA)
- State Bar of Georgia, Chairman, Budget Committee and Investment Committee (1989-1994)
- Fellow, International Society of Barristers
- Board, Southern Federal Tax Institute
- David Aughtry, Habeeb ‘Hobbs’ Gnaim, Phillip Karter and Juan F. Vasquez Jr. ranked in 2024 Edition of World TaxSeptember 11, 2023
- Best Lawyers in America® recognizes 87 Chamberlain Hrdlicka attorneys in a peer selection process for the 2024 edition of Best Lawyers in AmericaAugust 17, 2023
- Legal 500 ranks David Aughtry and Larry Campagna in its Hall of Fame, Jaime Vasquez and Juan Vasquez Jr rank as Leading Lawyers in US: Tax Contentious CategoryJune 12, 2023
- Chamberlain Hrdlicka Improves Practice and Individual Rankings in Chambers & Partners 2023 USA GuideChamberlain Hrdlicka ranked in the top ten U.S. tax law firms by Chambers & PartnersJune 2, 2023
- David Aughtry, Stephanie Friese Aron, Sandy Bradford, Seth Price, Hale Sheppard, Erica Opitz, Patrick McCann, Jr., John Kirbo, John Guin, and Chadd Reynolds named as Georgia Super Lawyers, Rising StarsFebruary 9, 2023
- 2023 Edition of World Tax includes Chamberlain Hrdlicka among Top Tax Firms, names David Aughtry EG Tax Leading Advisor, and Habeeb ‘Hobbs’ Gnaim, Philip Karter and Juan F. Vasquez Jr. as Highly Regarded ProfessionalsOctober 24, 2022
- Best Lawyers in America® recognizes 72 Chamberlain Hrdlicka attorneys in a peer selection process for the 2023 edition of Best Lawyers in AmericaAugust 18, 2022
- Chamberlain Hrdlicka Ranks in Top Ranked Legal for Tax and ImmigrationJuly 19, 2022
- Legal 500 rankings for Chamberlain Hrdlicka as a Top Tax Law Firm and Adds to Individual Ranks in 2022June 17, 2022
- Chamberlain Hrdlicka Maintains Practice and Enhances Individual Rankings in Chambers & Partners 2022 USA GuideChamberlain Hrdlicka ranked in the top ten U.S. tax law firms by Chambers & Partners 2022 USA GuideJune 2, 2022
- David Aughtry, Stephanie Friese Aron, Seth Price, Hale Sheppard, Erica Opitz, John Kirbo, John Guin, and Barclay Taylor named as Georgia Super Lawyers, Rising StarsFebruary 15, 2022
- Chamberlain Hrdlicka's 43rd Annual Tax and Business Planning Seminar is virtual on November 2-4, 2021. Register to participate.November 2, 2021
- Best Lawyers in America® selects 54 Chamberlain Hrdlicka Attorneys for Recognition for 2022August 19, 2021
- Stephanie Friese Aron and Scott Augustine named Co-Managing Shareholders in Atlanta OfficeJune 28, 2021
- Legal 500 Firm and Individual Rankings Improve at Chamberlain Hrdlicka for 2021June 21, 2021
- Chamberlain Hrdlicka enhances Practice and Individual Rankings in Chambers & Partners 2021 USA GuideChambers & Partners 2021 List for Chamberlain Hrdlicka Practice and Individual RankingsJune 3, 2021
- David Aughtry quoted in article on “Associate Hiring Has Revved Up After Last Year’s Freeze”The Daily Report, March 12, 2021
- Super Lawyers names Chamberlain Hrdlicka attorneys as 2021 Georgia Super Lawyers and Rising StarsFebruary 12, 2021
- David Aughtry quoted in article on “2021 Forecast: Tax Attorneys Will Be in High Demand Thanks to the Pandemic and a New President”The American Lawyer, January 5, 2021
- Quote by David Aughtry about “Bucking the Trend, These Two Firms Added Space During the Pandemic”The Daily Report, November 17, 2020
- Georgia Trailblazers 2020 Recognition for David AughtrySeptember 30, 2020
- Chamberlain Hrdlicka Attorneys Named to US News – 2021 Best Lawyers in America®, Three Attorneys Recognized as Lawyer of the YearAugust 20, 2020
- Legal 500 Firm and Individual Rankings Improve at Chamberlain Hrdlicka for 2020June 18, 2020
- Chamberlain Hrdlicka Tax Alert - Paycheck Protection Program (PPP) Loan Forgiveness Tax IssuesMay 21, 2020
- Chamberlain Hrdlicka continues to be recognized with Practice and Individual Rankings by Chambers & PartnersChambers Individual and Practice Rankings for 2020May 4, 2020
Seminars & Presentations
- 43rd Annual Tax and Business Planning Virtual Seminar is on November 2-4, 2021November 4, 2021
- Chamberlain Hrdlicka 34th Annual Atlanta Tax and Business Planning Seminar - November 12 at Crowne Plaza RaviniaNovember 12, 2019
- “No Good Deed Goes Unpunished: The IRS War on Conservation Easements” - 43rd Annual American Institute on Federal TaxationJune 2019
- "Valuation Issues During Audits, Appeals, and Litigation -- Winning Valuation Cases" - Tax Executives Institute 2019 Global Audit & IRS Tax Controversy UpdateFebruary 2019
- "What Every Family Business and Family Office Needs To Know" - Mississippi Society of CPAs 2018 Annual Mississippi Tax InstituteDecember 2018
- "Tiptoeing Through an Audit on Eggshells" - Georgia Society of CPAs IRS Solutions ConferenceDecember 2018
- November 15, 2018
- David Aughtry and Phil Karter present ‘Witnesses, Whistleblowers and Protecting the Cause’May 9, 2017
- October 19 to 23, 2015
- Wealth Management, October 18, 2017