L. Richard Walton

Partner

Profile

Rich Walton represents corporations and high net worth individuals in resolving complex federal white collar criminal and civil tax controversy matters.  He is also the Firm's General Counsel. 

In addition to his practice, Rich is an adjunct professor of law at USC School of Law, where he teaches Federal Crimes and Criminal Procedure. He is also an instructor at UCLA Extension, where he teaches Business Law, as well as Business Valuation and Taxes. His professional experience includes time with the U.S. Tax Court, where he served as an attorney-advisor, and with the U.S. Department of Justice, Criminal Division.

A frequent speaker and prolific author on tax and Federal criminal issues, Rich co-authored the BNA Portfolio on FIN 48, the new rules governing how companies account for tax issues. He serves as Chair of the Planning Committee for "Tax Controversies: A Day with the Government," a symposium featuring tax controversy experts from across the country.

Rich is the Past President of a local chapter of the California Society of CPAs; is a voting member of the Academy of Recording Arts & Sciences; serves on the American Bar Association Taxation Section's Committee on Litigation and Penalties; and is the chair of the Procedure and Litigation Committee of the Los Angeles County Bar Association's Tax Section.  He is also a CPA (not in public practice) in Delaware.

Location(s)

Los Angeles, CA

4640 Admiralty Way, Marina Del Rey, CA 90292, USA

Washington D.C.

1016 S Wayne St, Arlington, VA 22204, USA

L. Richard Walton

L. Richard Walton

Admissions

  • California

  • U.S. Supreme Court

  • U.S. Court of Appeals, 9th Circuit

  • U.S. Court of Federal Claims

  • U.S. District Court:
    Central District of California
    Eastern District of California
    Northern District of California
    Southern District of California
    Eastern District of Michigan

  • U.S. Tax Court

Education

  • Georgetown University Law Center, LL.M. (Taxation)

  • Georgetown University Law Center, J.D.
    cum laude

  • Pacific Union College, B.B.A. (Finance & General Business)
    summa cum laude

Languages

  • English

  • Greek

  • Hebrew

  • Mandarin (basic)

Publications

“New Law Limits Exec Pay for “Bailout” Companies.” EXECUTIVE’S TAX & MANAGEMENT REPORT, 1, Feb. 2009.


Co-author (with Professor Amy Dunbar and Kathleen McEligot, CPA), “Accounting for Income Taxes: Uncertain Tax Positions—Selected Issues.” BNA TAX AND ACCOUNTING PORTFOLIO 5003.

Co-author, “Advanced Tax Collection Alternatives: Bankruptcy and Subordination of Liens.” CALCPA BULLETIN (July, 2007).


 “Valuation of International Transactions.” Chapter 9 in Hon. David Laro and Shannon P. Pratt, BUSINESS VALUATION AND TAXES: PROCEDURE, LAW & PERSPECTIVE (2005).


“Valuation of Options.” Chapter 21 in Hon. David Laro and Shannon P. Pratt, BUSINESS VALUATION AND TAXES: PROCEDURE, LAW & PERSPECTIVE (2005).


Co-author, “Using the Expedited Plea Program to Reduce Criminal Tax Sentences After Booker.” J. OF TAX PRACTICE & PROCEDURE, 67, December 2005-January 2006.


“Heartbreak Hotel in B-Flat Broke: Music, Money, and (un)Fair Use.” 21 CARDOZO ENT. L. REV. 423 (2003).


“Drunk and Orderly: The Anomalous Holding of In re Fretz Affects Bankrupt Taxpayers.” 55 TAX LAW. 655 (2002).


“Freedom from Fear: Balancing the Fourth Amendment with Kids, Guns, and the Rule of Reason.” CRIMINAL JUSTICE (Summer 2001).