Francis A. Muracca III Esq.

Jones Day

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 domestic and international middle market manufacturing, ground support, mining, infrastructure, and wood products companies; and real estate developers on strategic planning. 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 Bloomberg BNA Tax Management Corporate Tax Advisory Board, the Board of Directors of The Pittsburgh Penguins Foundation, the Circle of Care Cabinet for the Children's Hospital of Pittsburgh Foundation, the Board of Directors of the Mighty Penguins, a Member organization of USA Hockey and the Board of Directors of The Sled Hockey Foundation, Inc. He is also recognized by Best Lawyers In America and Legal 500. 


J.D., Duquesne University (1985)
B.A., University of Pittsburgh (1981) cum laude

Bloomberg BNA Tax Management Portfolios:

(Commissioned) 782 T.M., Boot Distributions and Assumption of Liabilities (author)