IRS Mediation resulted in reduction of 1.5 million dollars in IRS assessment
Dispute regarding keeping of books and records; (partnership, corporation) result complete overall settlement
Partnership dissolution; result settlement, avoiding trial
Dispute re keeping of books and records; result complete settlement, resulting in no further court proceedings
Dispute between food truck owner and his landlord and supplier; resulted in complete settlement
Disgruntled beneficiaries vs Trustee of Trust; result complete and final settlement, avoiding long, complicated and very expensive trial involving family members.
Water damage claim vs insurance carrier, result, complete and final settlement;
Negligent (malpractice ) claim vs Accountant; complete and final settlement, avoiding trial vs long-standing family accountant;
Negligence (malpractice) claim vs attorney, resulting in settlement and avoiding bitter court trial
Homeowner's Association (HOA) dispute, regarding preparation of financial statements settlement avoiding sanctions
Dispute re value of going business; buyer vs seller;
Disputed value regarding value of "startup Business" vs insurance carrier; completely and finally settled long-standing dispute
Dispute regarding final distribution of estate and trust; fees, trustee fees; excessive fee allegation; removal of executor; removal of trustee; global settlement of long-standing inter-family dispute.
Disputed inter-spousal transfers of community vs separate property; resulting in settlement
Dispute re Preparation Of Financial Statements and Tax returns,
resulted in complete settlement
- 1960, California as a California Lawyer
- 1957, California as a California Certified Public Accountant
- 1975 to present, Certified Specialist in Taxation Law by the California
- Board of Legal Specialization of the State Bar of California
- Southwestern University School of Law, J.D., 1958
- Los Angeles City College, A.A., 1950
- University of California at Los Angeles (CPA Preparatory Courses)
Sr. Adjunct Professor of Law and Accounting; Southwestern University School of Law since 1968. Courses taught: Corporate Taxation; Estate and Gift Taxation; Wills and Trusts; Accounting for Lawyers; Federal Income Tax; Estate Planning; Partnership Taxation; Estate and Trust Taxation.
Lecturer and author for the California CPA Education Foundation. Topics include: The CPA as an Expert Witness (1989-1996); California Community Property: What the CPA Must Know (1989-1996); Fiduciary Accounting for Trusts and Estates (1989-2000); Expert Witness: Deposition and Trial (1990-1996); Advanced Corporate Tax Problems (1990-1991); Accounting for Trusts and Estates (1993); Summary Accounting for Trusts and Estates (2001-2002); Accounting & Auditing for Trusts & Estates (2003); Preparing Accountings and Reports for Trusts and Estates (2004-2005).
Lecturer and author for the Continuing Education of the Bar. Topics include: Introduction to Accounting for Lawyers (1989 & 1994); Analyzing Financial Statements After Enron: What Every Lawyer Should Know (2003); Accounting for Trusts and Estates Attorneys (2004); Accounting for Lawyers: Beyond the Basics (2005).
David Ostrove has also lectured as a guest speaker for many other organizations and conferences including: The American Association of Attorney-Certified Public Accountants; The Institute of Certified Business Counselors; Florida State Bar; the Long Beach Estate Planning and Trust Council; Lawyers’ Mutual Insurance Company; Wells Fargo Bank, amongst others.
He has also prepared a lecture entitled “Accounting and Auditing for Trusts and Estates” on DVD for the Picture Palace, Inc. and prepared the textbook and written examination for Continuing Education for CPAs, lawyers, trust offices and brokers.