Understanding the Codification of the Economic Substance Doctrine

A live webcast cosponsored by the Tax Section and the Committee on Continuing Legal Education of the New York State Bar Association

June 3, 2010 — 2-3:15 p.m. EST

This program will:

• Review and discuss significant aspects of Section 7701(o) and the related penalty provisions;
• Discuss the application of the statutory language to common transactions;
• Discuss the views of the IRS Chief Counsel’s office and the extent to which taxpayers can expect guidance;
• Discuss how the codification may affect the advice given by advisors and associated ethical obligations; and
• Discuss the circumstances under which penalties will be imposed.

For more information and to register visit http://www.nysba.org/EconomicSubstanceDoctrine