Jack Cummings presented, "Economic Substance - Understanding the Limits, Effects of Codification; Partnership Anti-Abuse Rules, Tax Shelters, Recent Tax Shelter Cases, Ethical Considerations - Distinguishing Good Tax Planning from Aggressive Tax Advice and Criminal Tax Evasion," on May 12, 8:30am - 9:45am, during this seminar sponsored by Practising Law Institute (PLI). Jack's panel presentation addressed the following.
- The impact on partnership and other transactions of the codification of the Economic Substance Doctrine
- Recent case law
- Legislative and administrative developments relating to economic substance and tax shelters
- The application of various other regulatory anti-abuse rules
- New regulations on tax preparer standards
- Developing interpretations of the attorney-client privilege and work product doctrine
- Circular 230
This three-day PLI seminar traced the partnership tax rules from the birth of the partnership through its operating life, with emphasis on tax issues and planning strategies and opportunities, and then, since for one reason or another such ventures frequently unwind, focused on exit strategies and tax planning possibilities in unwinding.
May 10-12, 2011
University of Chicago Gleacher Center / Chicago, IL