Samuel Lapin and Caroline Reaves will present the webinar, "Economic Substance Codification Update: Impact on Audits and Transaction Planning," on March 25, 2024, in partnership with Lorman Educational Services. Lapin and Reaves will discuss the history and evolution of the economic substance doctrine and the Internal Revenue Service's (IRS) position and highlight current cases in which the IRS asserts arguments based on this doctrine. Topics include how this doctrine manifests in audits, penalty considerations, and how practitioners can evaluate economic substance arguments at the outset of transactions.