Richard Lipton provides tax planning advice for corporations, partnerships and limited liability companies. He has handled numerous engagements for clients in structuring real estate transactions, including tenant-in-common and like-kind exchanges, and has given numerous speeches at organizations throughout the United States. Mr. Lipton served on the Internal Revenue Service Advisory Council, and is former chair of the Tax Section of the American Bar Association as well as the Chicago Bar Association Federal Tax Committee. He currently chairs the American College of Tax Counsel and serves as a member of the House of Delegates of the American Bar Association.

Practice Focus

Mr. Lipton focuses on advising US and multinational clients on federal tax issues. He also has considerable experience in real estate investment trusts (REITs), real estate funds and investment in real estate by tax-exempt organizations and foreign investors. Mr. Lipton has represented large corporations in complex partnership transactions, and served as an expert witness on partnerships and partnership taxation matters. His advice includes various areas relating to tax law, including tax-exempt organizations and the rules involving UBIT, the tax consequences of bankruptcies and workouts and various tax accounting issues. He also provides tax advice to several professional sports franchises.

Professional Associations and Memberships

• American Bar Association - Former Chair, Tax Section
• Chicago Bar Association - Former Chair, Federal Tax Committee
• American College of Tax Counsel - Fellow
• American Bar Association - Delegate

Admission

U.S. Court of Federal Claims~United States (1980)
District of Columbia~United States (1978)
U.S. Tax Court~United States (1977)
Illinois~United States (1977)

Education

University of Chicago Law School  (J.D.) (1977)
Amherst College  (B.A.) (1974)