Biography

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

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

Practice focus

He 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.

Mr. Lipton has represented large corporations in complex partnership transactions, has served as an expert witness on matters concerning partnerships and partnership taxation, as well as provided tax advice to several professional sports franchises. 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.

Publications, presentations and articles

Mr. Lipton has given numerous speeches at organizations throughout the U.S. as well as published a treatise and over 200 articles in the Journal of Taxation and the Journal of Passthrough Entities.

Professional affiliations

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

Admissions
  • 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)