FacultyFaculty/Author Profile
Victor L. Penico

Victor L. Penico

Deloitte Tax LLP

San Francisco, CA, USA


Victor has more than thirty years of professional tax experience, specializing in tax issues related to mergers and acquisitions, consolidated returns, and bankruptcy and workouts.  Victor joined Deloitte Tax in 2006 where he leads their consolidated return practice.  At Deloitte, Victor has served as a consultant to clients on the tax issues relating to their restructuring plans (in and out of court) and has assisted clients in quantifying the various tax benefits and detriments of alternative restructuring plans.  Before joining Deloitte Tax, Victor was a Senior Counsel, Senior Technician Reviewer, and Branch Chief in the Office of Associate Chief Counsel (Corporate), Internal Revenue Service.  While at the Internal Revenue Service, Victor was responsible for numerous items of published guidance relating to consolidated returns, reorganizations, the treatment of contingent liabilities in taxable and nonrecognition transactions, section 338 elections, and bankruptcy and workouts.  In addition, Victor instituted and supervised a program in which the Internal Revenue Service reviewed bankruptcy plans of reorganization.  More recently, Victor was responsible for the proposed “No Net Value” regulations which affect liquidations and reorganizations of insolvent corporations.

Victor was also a tax partner in the San Francisco office of Pillsbury Winthrop LLP, specializing in mergers and acquisitions and representing clients in dealings with the Internal Revenue Service.  Victor served as tax counsel on the Senate Finance Committee during the 1995-1996 budget process where he was responsible for corporate, international, financial institution and product, and tax accounting issues.

Professional Activities

  • Former Chair for the American Bar Association Section of Taxation Committee on Affiliated and Related Corporations
  • Frequent speaker at M&A/tax conferences hosted by professional organizations such as Practising Law Institute and the American Bar Association

Education

LL.M., George Washington University Law School, Washington, DC

J.D., George Washington University Law School, Washington, DC

B.A., Pennsylvania State University, University Park, PA

Share
Email

  • FOLLOW PLI:
  • twitter
  • LinkedIn
  • GooglePlus
  • RSS

All Contents Copyright © 1996-2017 Practising Law Institute. Continuing Legal Education since 1933.

© 2017 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.