Ashley L. Thompson

Associate

Denver
T +1.303.764.4018
F +1.303.861.7805

Overview

A tax attorney, Ashley Thompson focuses her practice on income tax and estate tax planning. In her income tax practice, Ashley provides federal income tax advice to businesses in order to operate in the most tax-efficient manner. In doing so, Ashley designs structures for acquisitions, reorganizations, distributions and redemptions. She advises clients on all aspects of income tax planning for entities, including formations, operations and liquidations. In Ashley’s estate planning and private wealth practice, she drafts estate plans to meet and effectuate a client’s personal, charitable and tax planning goals. 

Ashley is an adjunct professor at the University of Denver Graduate Tax Program where she teaches Corporate Taxation III. She was recognized as a Colorado Super Lawyer "Rising Star" (2017) in tax. Ashley is a member of the firm’s Women’s Committee, and serves as the associate representative from the Denver office. 

Select Experience

  • Structured an S corporation merger and provided comprehensive income tax planning associated with the merger, including method of accounting and built-in gain matters. 
  • Designed corporate reorganization for a private Colorado company and advised on the tax consequences of the corporate structuring shift.
  • Advised a partnership between trusts and entities on current and liquidating distributions of marketable securities and the exceptions to recognition of tax.
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Experience

  • Structured an S corporation merger and provided comprehensive income tax planning associated with the merger, including method of accounting and built-in gain matters. 
  • Designed corporate reorganization for a private Colorado company and advised on the tax consequences of the corporate structuring shift.
  • Advised a partnership between trusts and entities on current and liquidating distributions of marketable securities and the exceptions to recognition of tax.
  • Instructed a client on the viability of a partnership merger where assets included real estate and marketable securities.
  • Analyzed the attribution rules to effectuate a corporate redemption of the shares of stock.
  • Advised an S corporation on sale of assets and liquidation of entity.
  • Drafted operating agreements and advised on income tax provisions therein, including distributions and allocations.
  • Represented high-net-worth individuals and families and advised them in their estate planning, lifetime planning and gifting, business succession planning and charitable giving. 
  • Drafted complex estate plans including wills, trusts and power of attorney.  
  • Utilized trusts, including, gift trusts and irrevocable trusts, to maximize transfer tax planning.
  • Applied for and obtained tax-exempt rulings for public charities, including a non-functionally integrated Type III supporting organization.
  • Represented a client in an IRS audit and U.S. Tax Court litigation for complex income and estate tax matters.

Recognitions and Memberships

Recognitions

  • Colorado Super Lawyers "Rising Star" (2017)

Memberships

  • Denver Tax Association
  • Rocky Mountain Estate Planning Council
  • Greater Denver Tax Counsel Association
  • Colorado Bar Association
  • American Bar Association

Community

  • University of Denver Graduate Tax Program
    • Adjunct Professor
    • Mentor

Pro Bono

  • Pro bono tax law instructor for the American Bar Association's Adopt-A-Base program. Taught volunteers substantive tax law to prepare free tax returns for members of the Armed Forces.

Prior Positions

  • Law Clerk to The Honorable Thomas F. Mulvahill, Twentieth Judicial District (2011 to 2012)

Admissions

  • U.S. Tax Court, 2013
  • U.S. District Court, District of Colorado, 2016
  • U.S. Court of Federal Claims, 2016
  • Colorado, 2011

Education

  • LL.M., Taxation, University of Denver, 2013
  • J.D., University of Denver Sturm College of Law, 2011, Merit Scholarship
  • B.A., English, University of Colorado Boulder, 2008
  • B.S.B.A., Accounting, University of Colorado Boulder, 2008