Cohen, et al. v. Shaines

2001 DNH 080
CourtDistrict Court, D. New Hampshire
DecidedApril 25, 2001
DocketCV-00-396-M
StatusPublished

This text of 2001 DNH 080 (Cohen, et al. v. Shaines) is published on Counsel Stack Legal Research, covering District Court, D. New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cohen, et al. v. Shaines, 2001 DNH 080 (D.N.H. 2001).

Opinion

Cohen, et a l . v . Shaines CV-00-396-M 04/25/01 UNITED STATES DISTRICT COURT

DISTRICT OF NEW HAMPSHIRE

Abraham B . Cohen and David Stafford, Individually and as Partners/Members of Abraham B . Cohen, CPA, P.C., and Cohen and Stafford, CPA, P.C., Plaintiffs

v. Civil N o . 00-396-M Opinion N o . 2001 DNH 080 Robert A . Shaines, Esq., Defendant

O R D E R

In 1998, Irene Levy (not a party to this litigation) filed a

malpractice action against her accountants - plaintiffs in this

proceeding - Abraham Cohen and David Stafford, individually and

as partners/members of Abraham B . Cohen, CPA, P.C. and Cohen and

Stafford, CPA, P.C. She brought that suit after the Internal

Revenue Service audited tax returns prepared by plaintiffs and

determined that Levy was liable for approximately $135,000 in

unpaid taxes and interest. Eventually, plaintiffs settled Levy’s

malpractice suit against them and, in this case, now seek

contribution from Defendant Attorney Robert A . Shaines, pursuant

to N.H. Rev. Stat. Ann. (“RSA”) 507-7:f. Shaines moves to dismiss the complaint, saying it fails to

set forth a viable cause of action. See Fed. R. Civ. P.

12(b)(6). Plaintiffs object and note that because Shaines’

motion references materials beyond the complaint, it should be

viewed as one for summary judgment. See Fed. R. Civ. P. 12(b).

Accordingly, plaintiffs have treated Shaines’ motion as one for

summary judgment and have, in their objection, also referenced

materials beyond the complaint. They have not requested

additional time to respond to Shaines’ motion under either Rule

12(b) or Rule 56(f). It would probably be reasonable to assume,

then, that plaintiffs have had a “reasonable opportunity to

present all material pertinent to such a motion,” Fed. R. Civ. P.

12(b), and that the parties wish the motion to be treated as one

for summary judgment.

The motion to dismiss necessarily fails, as a motion to

dismiss, because accepting the allegations set forth in the

complaint as true (as the court must), it plainly alleges each of

the essential elements of a viable contribution claim against

Shaines. And, even if Shaines’ motion is considered as one for

summary judgment, the record is insufficiently developed at this

2 point to support a finding that Shaines is entitled to judgment

as a matter of law.

Standard of Review

Treating the motion as one for summary judgment, the court

must “view the entire record in the light most hospitable to the

party opposing summary judgment, indulging all reasonable

inferences in that party’s favor.” Griggs-Ryan v . Smith, 904

F.2d 112, 115 (1st Cir. 1990). Summary judgment is appropriate

when the record reveals “no genuine issue as to any material fact

and . . . the moving party is entitled to a judgment as a matter

of law.” Fed. R. Civ. P. 56(c). In this context, “a fact is

‘material’ if it potentially affects the outcome of the suit and

a dispute over it is ‘genuine’ if the parties’ positions on the

issue are supported by conflicting evidence.” Intern’l Ass’n of

Machinists and Aerospace Workers v . Winship Green Nursing Center,

103 F.3d 196, 199-200 (1st Cir. 1996) (citations omitted).

Background

Viewing the current record in the light most favorable to

plaintiffs, the undisputed material facts appear as follows.

3 Shaines is an attorney who practices law in Portsmouth, New

Hampshire. Although he does not hold an advanced degree in tax

law, he is knowledgeable and experienced in legal matters related

to personal and corporate taxation. Irene Levy is a long-

standing client of Shaines. At all times material to this case,

she was a majority shareholder of a closely held corporation that

Shaines also represented.

During the course of his professional relationship with Mrs.

Levy, Shaines provided her with advice and legal services related

to estate planning, as well as various legal issues confronting

the corporation. Mrs. Levy also retained plaintiffs, certified

public accountants and tax counselors, who provided general

accounting services to the corporation and to Mrs. Levy

individually. In the late 1980’s, following the death of Mrs.

Levy’s husband, Shaines became more involved in her estate

planning decisions, which included transferring stock in the

corporation to Mrs. Levy’s son. With those stock transfers, Mrs.

Levy apparently exhausted all (or nearly all) of her unified

estate and gift tax credit (a fact that became critical later).

4 Over the course of many years, Mrs. Levy elected not to

withdraw funds due to her from the corporation as either salary

or stock dividends and, instead, allowed those sums to be carried

on the corporation’s books as loans from shareholders. By 1993,

the loans from Mrs. Levy to the corporation had grown to

approximately $900,000. In July of 1993, Mrs. Levy, Shaines, and

plaintiffs attended a meeting at Shaines’ office, at which the

parties discussed a proposal to capitalize the loans from Mrs.

Levy to the corporation as an estate planning device. According

to plaintiffs, Shaines acquiesced in that proposal. Eventually,

plaintiffs prepared tax returns for the corporation and Mrs.

Levy, consistent with her decision to capitalize those loans.

Plaintiffs allege that, at the time of the 1993 meeting and

based on his prior estate planning work for Mrs. Levy, Shaines

knew that she had actually exhausted (or nearly exhausted) her

unified estate and gift tax credit. Thus, say plaintiffs,

Shaines realized or should have realized that, because their

proposal depended upon the availability of unified tax credits,

at least a substantial portion of the loan capitalizations would

be treated by the IRS as a taxable gift. Accordingly, plaintiffs

5 assert that Shaines had a duty to advise Mrs. Levy against

plaintiffs’ own proposal to capitalize her corporate loans,

because he knew from his own past legal work for her that she had

already exhausted the credits necessary for the proposal to work.

Nevertheless, Shaines remained silent, thereby, plaintiffs say,

breaching a duty to speak that he owed to Levy.

Several years later, in 1996, plaintiffs apparently asked

Shaines to furnish them with a formal legal opinion as to whether

Mrs. Levy’s capitalization of her shareholder loans would be

treated by the IRS as a taxable event. After researching the

issue, Shaines opined that the capitalization of those loans

would be taxable. Perhaps not coincidentally, shortly thereafter

the IRS formally audited Levy’s 1993 tax returns and, as

predicted by Shaines, determined that the loan capitalizations

constituted taxable gifts from Mrs. Levy. She paid a substantial

gift tax on the capitalized loans and then filed the referenced

malpractice suit against her accountants, who, having settled

with Levy, now seek contribution from Shaines.

6 Discussion

Based upon Shaines’ long-standing attorney-client

relationship with Mrs.

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