Recent Court Decisions on Disguised Sales

Moderator: Jim Lynch, Esq., CPA, Sobel & Co., LLC

An examination of some recent court decisions on disguised sales in partnerships with a discussion of the practical implications of those decisions for practitioners in planning and the preparation of returns. Jim Lynch is a senior tax manager at Sobel & Co. He prepares many of the firm's more complex personal, partnership, and fiduciary returns, as well as most of the firm's estate tax returns. In addition, he is significantly involved in research and planning, particularly in the partnership and estate areas. Jim is a licensed Certified Public Accountant in New Jersey and New York and a licensed attorney in New Jersey. He is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants He is the Secretary of the International Law section of the NJSBA. Jim is also a member of the International Fiscal Association. Jim graduated from Rutgers University with degrees in accounting and law. He also received an MBA in taxation from Fairleigh Dickinson University. Jim resides in Livingston, where he is a member of the Arts Council, and Board President for Partnerships for People.