Philadelphia of counsel David Shechtman spoke at the ABA Tax Section 2018 Midyear Meeting on February 10 in San Diego. The meeting brought leading tax practitioners together to discuss current issues, topics and legislation.
David moderated a panel titled “It’s My (Related) Party and I’ll Cry if I Want To,” which focused on Section 267 related party status, referred to in hundreds of Code Sections and Treasury Regulations, including new provisions under the recently enacted 2017 Tax Act. The panel analyzed common situations in which the issue of Section 267 related party status arises, and discussed what constitutes a related party. The panelists included Alfred H. Bae from EY, Vivek A. Chandrasekhar from Roberts and Holland, and Stephen J. Gee from the IRS Office of Associate Chief Counsel (Income Tax & Accounting).