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Richard M. Lipton

Senior Counsel
Baker & McKenzie LLP

Biography

Richard Lipton is a senior counsel in Baker McKenzie. He advises on tax planning for corporations, partnerships and limited liability companies, and has handled numerous engagements in structuring partnership and real estate transactions.

Richard served on the Internal Revenue Service Advisory Council, and is an adjunct professor at the University of Chicago Law School, where he teaches partnership taxation. Richard is past Chair of the ABA section of Taxation.

Practice Focus

Richard advises US and multinational clients on federal tax issues. He also has extensive experience in a number of other areas relating to tax law, including tax-exempt organizations and the rules involving unrelated business income tax, the tax consequences of bankruptcies and workouts, and various tax accounting issues. He also provides tax advice to several professional sports franchises.

Richard has represented large corporations in complex partnership transactions, and has served as an expert witness on matters concerning partnerships and partnership taxation. He also has considerable experience in the areas of real estate investment trusts, real estate funds and investment in real estate by tax-exempt organizations and foreign investors.

Professional Associations and Memberships

  • American Bar Association - Member, House of Delegates
  • American Bar Association, Tax Section - Member of Council
  • American College of Tax Counsel - Fellow; Former Chair
  • Chicago Bar Association - Former Chair, Federal Tax Committee

Admissions

  • Texas~United States (2019)
  • 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 (JD) (1977)
  • Amherst College (BA) (1974)

Languages

  • English

Treatises

  • Co-author (with Paul Carman, Charles Fassler, and Walter D. Schwidetzky), Partnership Taxation,
    2006

  • Co-author (with David Evaul and Todd Wallace), Passive Activity Losses, 1995

Articles

  • Co-author, "Ninth Circuit Reverses Tax Court in Mazzei," 135 JTAX, September 2021

  • Co-author, "California Taxpayers Lose a Swap-and-Drop Case," 135 JTAX, 14 August 2021

  • Co-author, "IRS Confirms the Value of Planning for Debt Workouts," 135 JTAX, 7 July 2021

  • Co-author, "Tax Court Decision in Complex Media Involves “Complex” Analysis of Facts, Law, and Step Transaction Doctrine," 134 JTAX, 14 May 2021