FacultyFaculty/Author Profile
Milton B. Hyman

Milton B. Hyman

Irell & Manella LLP

Los Angeles, CA, USA

Milton B. Hyman considers himself a business lawyer. Milt specializes in business planning for corporations, limited liability companies and partnerships, handling major acquisitions and combinations, especially when there is a significant tax component.  He headed the teams responsible for the Kenneth Leventhal & Company-Ernst and Young combination, as well as many acquisitions by Broadcom Corporation and the leveraged recapitalization of Big 5 Sporting Goods.  Milt was instrumental in structuring and implementing cable company acquisitions that ultimately resulted in Charter Communications, Inc.  He represented the Rams in their relocation to St. Louis (as well as sales of ownership interests in the Rams) and the conversion of the St. Louis lease to a year-to-year tenancy that ultimately led to the return of the Rams to Los Angeles.

In addition to his business planning work, Milt has extensive experience handling tax controversies involving federal and state taxation.  He has successfully resolved for his clients many tax controversies ranging in size from relatively small cases of less than one million dollars to those involving hundreds of millions of dollars of tax deficiencies and interest.  These tax controversies include corporate and partnership tax matters, as well as California income tax, unitary taxation and residency disputes.

Milt has acted as special tax counsel to debtors in possession, creditors' committees, and significant creditors in major corporate reorganizations under the Bankruptcy Act and the Bankruptcy Code.  As tax counsel, he has been responsible for bankruptcy tax planning, as well as the resolution in a bankruptcy reorganization context of significant tax controversies with the IRS and other taxing authorities.  Milt has acted as tax counsel for Storage Technology Corporation, Smith International, Apex Oil Company, Inc., Medieval Dinner & Tournament, Inc. and Covad Communications Group, Inc.  He also represented Fresenius Medical Care Holdings, Inc. in connection with complex creditor tax matters involving the W.R. Grace & Co. bankruptcy proceedings.

Milt received his B.A. in Economics with Highest Honors, Phi Beta Kappa, from UCLA in 1963, and his J.D., magna cum laude, from Harvard in 1966, where he was a member of the Harvard Law Review.  Milt is a co-editor of Collier on Bankruptcy Taxation, first published in December 1992, and also published as part of the Collier on Bankruptcy treatise.  He is also a contributor to and co-author of many tax publications, and is a frequent lecturer and panelist on issues of corporate and partnership taxation.  Milt is a past chairman of both the Corporate Tax Committee and the Committee on Affiliated and Related Corporations of the ABA Tax Section.

Milton B. Hyman is associated with the following items:
Treatise Chapters  Treatise Chapters Preservation and Use of Net Operating Losses and Other Corporate Tax Attributes - The Corporate Tax Practice Series (2018 Edition), Thursday, February 15, 2018

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