This timely program will explore the use of opinion letters for penalty protection at the administrative level, especially in IRS Appeals, and in litigation.  Panelists will discuss when opinions may be used for penalty protection, covering the recent changes to section 6664 and new section 6662A, the changes to Circular 230, and Long Term Capital and other recent cases. 

Moderators:                                                                                                     Joshua D. Odintz, McDermott Will & Emery LLP, Washington, DC 

 Cary D. Pugh, Skadden Arps Slate Meagher & Flom LLP, Washington, DC

Panelists:             

Emily Parker, Thompson & Knight LLP, Dallas, TX

Peter Reilly, Special Counsel, Branch 3, Office of Chief Counsel, IRS, Washington, DC

Diane Ryan, Director –Technical Services, Office of Appeals, IRS, Washington, DC

Gary Wilcox, Morgan Lewis & Bockius LLP, Washington, DC

Sponsored by:      Court Procedure & Practice and Administrative Practice