VIRGINIA Suite A220: T: (703) 281-4880
Experience
Lucy is a tax partner in Citrin Cooperman’s National Tax Office and leads the firm’s Private Client Services Practice serving high-net-worth individuals, private companies, and family offices. She has over 24 years of experience advising clients on sophisticated tax matters, including the structuring and management of family offices, inbound and outbound businesses and investments, wealth management structures, estate and succession planning, domestic and foreign trusts, pre-immigration tax planning and expatriations, and U.S. tax compliance in the cross-border context (including FATCA and CRS). Lucy combines her experience in private client services and tax advisory to deliver holistic tax advice to clients with global interests.
Lucy works closely with entrepreneurs and fund managers to develop transactional strategies and to implement post- transaction structuring for family offices and wealth management. She supports her clients with organizational structuring in multiple and complex jurisdictions, complimented with tax efficient advisory, including expanding and exiting platforms in bilateral or multilateral jurisdictions, managing taxable nexus and permanent establishments, cross-border reorganizations, and benefits under bilateral tax treaties. Her experience includes global mobility advisory for executives and companies in managing taxable nexus and U.S. tax compliance programs.
Lucy represents taxpayers in controversies with the Internal Revenue Service (IRS) and with foreign tax authorities under Mutual Agreement Procedures.
Lucy previously served as a partner of Akin Gump Hauer Strauss & Feld LLP and as a partner of EY in the National Tax Office where she led cross-border private client services and represented U.S. and foreign taxpayers in controversies with the IRS. She also served as the CEO of an international family office with investments in the United States, Asia, Europe, and the Middle East, and served as the vice chairwoman and CEO of a multinational technology company focused on sustainable solutions for the paper and pulp industry. Lucy also previously served as an international corporate tax counsel for General Electric Company, where she focused on businesses in Asia, Latin America, and Europe.
CREDENTIALS
Education
Master of Laws in Taxation, Georgetown University
Juris Doctor, The George Washington University
Bachelor of Arts in Government, University of Virginia
Licenses
New York State Bar
District of Columbia Bar
Affiliations
D.C. Bar Association
- Estate Planning Committee, Chair
New York State Bar Association
Society of Trusts and Estates Professional
Honors & Awards
”Leading Lawyer in Tax,“ The Legal 500
”Leading Lawyer—Tax,“ Corporate Tax Directors Handbook
”Outstanding Contribution to the Deepening of Cooperation between the Korea and USA Tax Administrations,“ Republic of Korea’s National Tax Service (2019, 2011)
Presentations & Publications
Presentations
- ”All in the Family: Tax Geek’s Guide to Family Offices,“ Lawline (October 2022)
- ”U.S. Tax and Estate Planning for Global Entrepreneurs and Private Companies,“ Annual Portland Estate Planning Seminar (January 2020)
- ”Cures for a Cosmopolitan Hangover: What We’re Doing for International Clients Following Tax Reform,“ Annual Heckerling Institute on Estate Planning (January 2020)
- ”Critical Strategies for the U.S. Investment,“ Annual Korea-US Investment Summit hosted by Korea’s Ministry of Trade, Industry and Energy and Korea Trade-Investment Promotion Agency (June 2019, June 2018)
- ”U.S.-Portugal Income Tax Treaty,“ Portugal-U.S. Business Chamber Webinar (February 2019)
- ”Nonresident Alien Tax Compliance,“ Advanced Tax Institute (November 2018)
- ”Decoding the Matrix: Foreign Account Tax Compliance Act and the Common Reporting Standards,“ American Chamber of Commerce of Hong Kong and Seoul (September 2018, September 2016, 2010)
- Special Guest Speaker, American Chamber of Commerce of Korea, ”Decoding the Matrix: Foreign Account Tax Compliance Act and the Common Reporting Standards“ (September 2018)
- ”Nonresident Alicen Income Tax Compliance,“ Stafford Live CLE/CPE Webinar (August 2018)
- ”Cross-border Estate Planning After Tax Reform: New Opportunities and Obligations,“ Stafford Live CLE/CPE Webinar (April 2018)
- ”Income Taxation of Nonresident Aliens,“ ALI-CLE International Trusts and Estate Planning Conference (November 2017)
- ”Tax Efficient Strategies and Risk Management,“ 100 Women in Hedge Funds (2016)
- ”Cross-border Asset Management,“ International Association of Korean Lawyers (2012)
- ”US International Tax Update: FATCA and Transfer Pricing,“ National Tax Service of Korea (2010, 2011)
- ”Beyond the American Dream,“ 2010 Korea PGA and LPGA Conference (2010)
- ”IRC Section 1441 and Grant-Making,“ ALI-ABA Tax Conference (November 2008)
- ”Light at the End of the Tunnel…or Is It an Oncoming Train?“ American Bar Association Tax Section, Committee on Civil and Criminal Penalties (2008)
Publications
- ”The IRS Strikes Back: Strengthening Its Antievasion Toolbox,“ Tax Notes International (November 2018)
- ”Countdown to Tax Compliance for Global Individuals,“ Law360 (September 2018)
- ”A New World: Asian Families May Wish to Consider the Unfamiliar Concept of the Trust in Their Planning for U.S. Assets,“ STEP Journal (November 2017)
- ”Data Mining to Find Tax Cheaters,“ Bloomberg Businessweek (May 2017)
- ”The American Way,“ STEP Journal (May 2016)
- ”U.S. Federal Income Tax Reporting of Foreign Trusts,“ STEP Journal, May Edition (2016)
- ”FATCA in a Nutshell for Foreign Trusts, Trustees and Beneficiaries,“ New York Law Journal (2015)
- ”Time for Change: Toward a New Korea-U.S. Income Tax Treaty,“ Tax Notes International (April 20, 2009)
- ”Information Reporting and Civil Penalties in a Nutshell,“ CCH Journal of Tax Practice & Procedure (10th Anniversary Edition)
- ”Curing Non-Compliance: Taxpayer and Practitioner Obligations and Liability in the United States,“ International Bar Association (March 2008)
- ”Foreign Trust Reporting and Compliance,“ ALI-ABA International Trust and Estate Planning (2008)
- ”Focus on Offshore Bank Accounts: The Liechtenstein Information Exchange Agreement and UBS Deferred Prosecution Agreement,“ Corporate Taxation (July-August 2009 Ed.)
- ”Shooting for the Stars: IRS Targets Foreign Athletes…,“ Journal of Accountancy (April 2009)
WORK-LIFE BALANCE
Community Involvement
- Council of Korean Americans – Board Member
- Korea American Bar Association – Board Member
- Korean American Community Foundation – Steering Committee (PNDC)
- Catholic University of America – Board of Visitors
- Catholic University of American – Parent Council
Outside the Office
Lucy is the loudest cheerleader for her son at his college football games and loves spending time with her daughter on the beach. She is a travel aficionado and cinephile who collaborates with writers on independent film/media projects.
Get in touch with Lucy Lee today.
Fill out the form below to get in direct contact with Lucy Lee and start your personalized consultation journey.
Always leave a place better than you found it.
Get in touch with Lucy Lee today.
Fill out the form below to get in direct contact with Lucy Lee and start your personalized consultation journey.