David Polster, head of Skadden's Chicago office Tax Group, represents clients on a wide range of tax matters. Mr. Polster advises on partnership transactions, mergers and acquisitions, initial public offerings, real estate investment trusts (REITs), regulated investment companies (RICs), outbound investment in foreign jurisdictions, Section 1031 exchanges, foreign investments in the United States including under the Foreign Investment Real Property Tax Act (FIRPTA), restructurings in and out of bankruptcy, leveraged leases, project financings and financial products.
Mr. Polster has represented clients in various tax-free and taxable acquisitions, dispositions, financings, restructurings and international tax matters. He has advised private equity funds and hedge funds in connection with fund formations and restructurings and foreign governments in connection with investments in the United States. He has worked on developing innovative leasing structures, including transactions involving Section 467 structures, foreign sales corporations, like-kind exchanges, complex debt structures and novel asset types.
In addition, Mr. Polster has advised clients on tax controversy matters involving, foreign investment in the United States, leasing, tax shelters and other transactions. He has represented clients before the Internal Revenue Service (IRS) and the U.S. Department of Treasury in connection with the negotiation of income tax treaties and the development of guidance relating to leasing matters.
Mr. Polster also has helped clients obtain private letter rulings from the IRS.
Mr. Polster repeatedly has been selected for inclusion in Chambers USA. He also was named as a 2014 Law360 MVP in the tax category.
Mr. Polster received his J.D. from Harvard Law School and his B.A. from Yeshiva University.