Fred M. Ackerson focuses his practice on multistate tax planning and controversies and federal income tax planning. Fred has over 30 years of experience in state and federal taxation.
In the state tax field, Fred has represented numerous clients in administrative hearings, litigation and tax planning matters. His state tax litigation experience includes unitary business group composition, business and non-business income controversies, financial organizations, income taxation of partnerships, net operating losses, franchise taxes sales, use and excise taxes, nexus and Public Law 86-272, Due Process and Commerce Clause issues, the Illinois Uniformity Clause and other constitutional issues. Fred also consults with clients on a wide variety of state tax planning issues, including state income and franchise tax planning for mergers, acquisitions and corporate restructuring transactions, consolidated and combined return planning, and nexus and interstate commerce issues. Fred's substantial background in federal income taxation of corporate, partnership and commercial transactions provides for a unique perspective on the intersection between federal and state income tax systems.
In the federal tax field, his practice concerns primarily corporate, partnerships/pass-through and investment transactions, including financial products, domestic and offshore investment funds, real estate investment trusts (REITs) and private equity deals, restructuring of debt and equity and mergers and acquisitions.