William H. Caudill


Fulbright & Jaworski LLP

William H. Caudill


T:+1 713 651 5292

F:+1 713 651 5246

Bill Caudill, who practices in the Houston office, has a general tax practice, involving partnerships, oil and gas, real estate and tax-exempt organizations and work with the Internal Revenue Service. A partner since 1986, he also assists clients in bankruptcy and financially troubled commercial transactions.

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  • Education

    Mr. Caudill received a B.S.B.A. in 1973 from the University of Arkansas and an M.P.A. (Dean's Award) in 1977 and a J.D. in 1978 from The University of Texas, where he was a member of the Texas Law Review, Chancellors and the Order of the Coif. He was admitted to practice law in Texas in 1978 and is a Certified Public Accountant.

  • Representative experience
    • $1 Billion oil and gas partnership in restructure of operations to address liability exposure through LLC
    • Structured LLC in biomedical industry through eventual sale for $100 Million
    • Venture capital firm on tax matters in acquisition of operating oil field companies
    • Consulting company in employment tax matter involving classification of independent contractors with $25 Million in taxes and issues
    • Oil and gas exploration and production company in obtaining additional $30 Million funds for traditional oil development project
    • Electronics company in resolution of matter involving nonprofit corporations, Texas Attorney General and the United States District Court
    • Oil and gas exploration and development company in using its available funds ($45 Million) to obtain favorable farmout
    • State workers compensation insurance fund to resolve federal tax status
    • Sale of $30 Million geoseismic software company
    • $1 Billion bankruptcy workout of northwest lumber company
    • Oil and gas company in sale of $400 Million of oil and gas properties through partnership
    • Oil and gas company in sale of $600 Million of oil and gas properties through LLCs
    • 80,000 acre ranch acquisition and prospective tax issues
    • Fortune 500 company in preparation for several IRS exam team determinations and Appeals conferences
    • Trial of tax case involving $20 Million recovery in valuation of oil and gas partnership
    • Bankruptcy auction acquisition of former public company for $700 Million; nominated client for U.S. entrepreneur of the year
    • Trial of oil and gas tax case involving $30 Million recovery
    • Appeals conference of $3 Billion naval construction contract overturning IRS adverse technical advice
    • Spinoff royalty trust as part of sale of the company
    • Financing, carved out royalty trust; obtained private letter ruling to support the offering
    • Master limited partnership with $3 Billion in assets in restructure of Canadian operations as a result of new SIFT (Specified Investment Flow Through) Tax
  • Professional activities

    Mr. Caudill has chaired the State Bar of Texas' Section on Taxation and the ABA Tax Section's Committee on Partnerships and LLCs. He has served as a member of the Council of the ABA Tax Section, and is serving as Vice Chair (Section Continuing Legal Education) of the ABA Tax Section. He is a Fellow of the American College of Tax Counsel.

  • Professional honors
    • Chambers USA — Chambers and Partners (2007 - 2013)
    • The Best Lawyers in America — Best Lawyers (1995 - 2014)
    • Top 100 Houston Region Super Lawyers — Thomson Reuters (2003 - 2004)
    • Texas Super Lawyer — Thomson Reuters (2003 - 2013)
    • Texas Top Rated Lawyers — LexisNexis Martindale-Hubbell (2013)
    • Who's Who in America — Marquis
  • Publications
    • Co-Author, "Acquisitions and Dispositions of Oil and Gas Properties," 6 Texas Journal of Oil, Gas & Energy Law 23, 2011
    • Author, "Tax Litigation Strategies and Current Developments in Partnerships," Practicing Law Institute, Tax Planning for Domestic and Foreign Partnerships, LLCs, Joint Ventures and Other Strategic Alliances, 2004
    • Author, "Litigation Developments in the Partnership Arena," 5 J. Bus. Ent. 4, 2003
    • Author, "Final Regulations Under Section 708 on Partnership Mergers and Divisions," 3 Mergers & Acq. J. 6, September/October 2001
    • Author, "Introduction to Intermediate Sanctions for Estate Planners," 14 Probate & Property 37, November/December 2000
    • Author, "Avoidance of Self-Dealing for Private Foundations," 14 Probate & Property 27 , July/August 2000
    • Author, "Ninth Circuit Invalidates Anti-Abuse Rule; Treas. Reg. § 1.701-2 Similarly Flawed?" 83 J. Tax'n 380, December 1995
    • Author, "New IRS Position on Valuation May Result in Reduced Marital and Charitable Deduction's," 79 J. Tax'n 176, September 1993
    • Author, "Section 382 and Loss Corporations," 42d Oil & Gas Inst. § 19.01, Matthew Bender 1991
    • Contributor, "Royalty Trusts and Other Exotic Distributions to Shareholders," 40 N.Y.U. Inst. on Fed. Tax § 12.01, 1982
  • Civic involvement
    • General Counsel, Greater Houston Community Foundation
    • Board Member, Sam Houston Council
    • Boy Scouts of America
    • Board Member, Holly Hall, Houston, Texas
    • General Counsel, River Oaks Garden Club
    • Board Member, Episcopal High School Endowment Fund
  • Licenses
    • Texas State Bar License