Andrea Despotes focuses her practice on the federal income tax aspects of transactional and controversy matters.
Andrea advises clients on tax planning techniques for acquisitions and divestitures, joint ventures, business formations and internal restructurings, including through the use of tax-free reorganizations, spin-offs, and other deferral strategies. In tax controversy matters, she guides clients through all steps of the audit and administrative processes, from preparing IDR responses to later advocating and negotiating before IRS Appeals.
Andrea’s federal tax expertise encompasses the complex rules governing corporations, partnerships, consolidated groups, S corporations, and real estate investment trusts (REITs). She has successfully represented her clients’ interests by obtaining private letter rulings from the Internal Revenue Service, authoring tax opinions, and achieving key concessions from opposing counsel in both transactional matters and IRS administrative proceedings.
Andrea was first recognized as a leader in Chambers USA: America’s Leading Lawyers for Business (recommended in “Tax”) in 2010. She has also been selected by her peers for inclusion in The Best Lawyers in America in Tax Law and Illinois Super Lawyers.