Francis A. Muracca II

Fran Muracca's practice centers on advising entrepreneurs and middle market privately held business owners on a range of business structuring, transaction, tax, and disposition issues, including self-insured risk management and small insurer captives. He advises on the form of business entity and structure of business acquisitions and dispositions to minimize federal income tax consequences. In addition, he counsels affluent families on wealth preservation and integrated succession planning, including maximizing wealth through liquidity and diversification initiatives.

Fran advises leading privately owned investment and insurance advisory services firms; infrastructure, wood products, and middle market manufacturing companies; health care providers; and real estate developers. He also advises the principal owners and chief executives of National Football League and National Hockey League franchises on ownership transition and succession.

In addition to his tax and business succession counseling, Fran represents clients in federal tax controversies at the administrative dispute resolution level before the IRS and in litigation before the U.S. Tax Court. He has successfully defended regional and national private business owners against challenges raised by the IRS involving unreasonable compensation, the valuation of nonmarketable privately held business interests for wealth transfer tax purposes, constructive dividends, and tax-motivated transactions. He also has defended professional firms on challenges raised by the IRS involving "intermediary tax shelter" transactions.

Fran is a member of the national board of advisors for BNA Tax Management, the Board of Directors of The Pittsburgh Penguins Foundation, the Circle of Care Cabinet for the Children's Hospital of Pittsburgh Foundation, and the Board of Directors of the Mighty Penguins, a Member organization of USA Hockey.

Good to know

Areas of Practice 1) Tax, 2) Private Equity / Real Estate Taxation, 3) Tax Audits & Controversies, 4) Wealth Management and 5) Oil & Gas Shale Plays
Law School Duquesne University School of Law
Education University of Pittsburgh (B.A., 1981)
Bar Member / Association Pennsylvania and United States Tax Court
Most recent firm Jones Day
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