Corby Brooks

Cook Brooks Johnson PLLC
512.381-3002 Direct
512.381-3010 Fax
cbrooks(at)cbjlawfirm.com

Corby Brooks is an attorney who concentrates his practice on the tax and business issues faced by high net worth individuals, private businesses and ranch owners. He assists clients in forming businesses, structuring joint ventures, financings, buying and selling businesses and business interests, succession planning and the admission and redemption of business stakeholders. Corby also represents clients in controversies with the Internal Revenue Service and the Texas Comptroller. Corby is also a Certified Public Accountant that formerly practiced accounting with Ernst & Young and PriceWaterhouseCoopers (formerly Coopers & Lybrand) before becoming an attorney.

Representative Experience

  • Advise individuals, private businesses and ranch owners with respect to federal and state tax matters.
  • Assist clients with the formation of new businesses and joint ventures.
  • Assist business clients with financings, mergers, acquisitions, restructurings and the redemption and admissions of new stakeholders.
  • Design succession plans for private businesses.
  • Design plans to protect personal and family assets.
  • Advise ranch owners with respect to tax and business matters, including representing ranchers in connection with hobby loss and passive activity loss controversies with the Internal Revenue Service.
  • Represent businesses and individuals in federal and Texas state tax controversies, including handling administrative appeals with the Internal Revenue Service and representing taxpayers in connection with tax lawsuits in the United States Tax Court and Federal District Court.

Education
University of Texas School of Law

  • J.D. with honors, 2004
  • Order of the Coif

University of Texas at Austin

  • B.B.A., Accounting, 1996
  • Offensive Lineman for the Texas Longhorn Football Team—1994-1995; Final SWC Champs—1995

Professional Involvement

  • Member of the American Institute of Certified Public Accountants
  • Member of the Texas Society of Certified Public Accountants
  • Member of the American Bar Association Property and Probate Section
  • Member of the College of the State Bar of Texas

Accreditations, Awards & Recognition

  • Certified Public Accountant (Texas)—1999
  • Board Certified in Tax Law by the Texas Board of Legal Specialization
  • Texas Rising Star, Texas Monthly, 2009, 2011-2014 (Tax)
  • Texas Super Lawyers, Texas Monthly, 2014 (Tax)

Admitted to Practice

  • Texas, 2004
  • U.S. Tax Court
  • U.S. District Court for the Western District
  • U.S. Court of Appeals, Fifth Circuit
  • U.S. Supreme Court

Publications

  • Determining Whether Substantial Authority Exists in Facts and Circumstances Cases, Journal of Taxation (co-authored by Michael L. Cook and Corby Brooks) (September 2009)
  • A Double-Edged Sword Cuts Both Ways: How Clients of Dual Capacity Legal Practitioners Often Lose their Evidentiary Privileges, Texas Tech Law Review (Summer 2004)

Presentation Topics

  • What Every Estate Planning Attorney Needs to Know About Partnership Tax, Presentation to the Estate Planning and Probate Section of the Austin Bar Association ( September 2011)
  • Federal Income Tax Implications of Passthrough Entities, Presentation to Winstead University (November 2010)
  • Applying Substantial Authority to Facts and Circumstances Cases: a Focus on Hobby Loss Reporting Positions, Presentation to Austin Chapter of Certified Public Accountants (December 2009).
  • Tax Planning to Maximize Founder Returns from New Businesses, Presentations to the Central Texas Angel Network (February 2009)
  • Legal and Tax Implications of Selling Your Business, Presentation to the Austin Entrepreneur’s Organization (September 2008)
  • Proposed Regulations Related to Tax Return Preparer Penalties, Presentation to Austin area CPAs (August 2008)
  • Federal Income Tax Implications of Commercial Litigation, Presentation to the Winstead PC Commercial Litigation Practice Group (April 2008)
  • Federal Income Tax Update, Presentation to the Austin Tax Study Group (November 2006)
  • Developments in Taxes for Horse Owners and Breeders, Presentation to the American Horse Council (September 2006).
  • The Jobs Act of 2004, Presentation of the Austin Tax Study Group (January 2005)

Cook Brooks Johnson PLLC | 7800 N MOPAC EXPRESSWAY, SUITE 215, AUSTIN, TX 78759 | T: 512.381.3000 | F: 512.381.3010

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