Jack Cummings was a featured speaker during the session "Exploring the Limits of the Evolving Economic Substance and Business Purpose Doctrines and Related Ethics Issues" at this conference sponsored by the Practising Law Institute (PLI). The presentation covered the following topics:
- Recent cases and guidance
- When to apply which doctrine
- The two-prong test (the objective component and the subjective component) of the codified economic substance doctrine
- Practice and procedure
- Circular 230
- Implications, effects, ethical and practice issues
- Penalties
- Reasonable cause and good faith
- Ethical standards
October 15-17, 2014
The Roosevelt Hotel / New York, NY