Mr. Palmer's practice focuses on federal income tax matters, with special emphasis on corporate taxation and partnerships and limited liability companies. He has broad experience in structuring, restructuring, and generally advising investment management firms, hedge funds, and private equity funds. In addition to his experience in the taxation of partnerships and other pass-through entities, he is one of the firm's principal resources for answers to tax accounting questions.

Mr. Palmer also has broad experience in the representation of Fortune 500 clients before the Internal Revenue Service. He has negotiated a highly favorable settlement with the IRS Appeals Office to allow a Fortune 500 corporate client to deduct a multimillion-dollar loss resulting from a complex corporate restructuring, notwithstanding that another large Chicago law firm had advised the client that the issue was not worth pursuing. He has also obtained a significant concession from the IRS on a novel partnership statute-of-limitations issue, resulting in a large refund for the client.

Mr. Palmer teaches tax accounting as an adjunct professor at IIT/Chicago-Kent College of Law for the Masters of Tax program. He is a frequent speaker and author on a wide variety of tax issues and is a member of the partnership committee of the American Bar Association Section of Taxation.

Mr. Palmer has been selected by his peers for inclusion in the 2007, 2008, 2009 and 2010 editions of The Best Lawyers in America® in the area of tax law.* He also was selected for inclusion in the 2006-2010 Illinois Super Lawyers® lists for his tax work.*

A graduate of the University of Michigan Law School (J.D., magna cum laude, Michigan Law Review, 1977), Mr. Palmer received his bachelor's degree from Michigan State University (B.A., high honors, 1974). He is admitted to practice in Illinois and before the U.S. Tax Court, the Court of Federal Claims, and the Court of Appeals for the Federal Circuit.

*The Illinois Supreme Court does not recognize certifications of specialties in the practice of law and no award or recognition is a requirement to practice law in Illinois.