Sheldon I. Banoff, P.C.

Sheldon I. Banoff has concentrated in the area of federal income taxation for over 30 years, with particular concentration in investment, real estate, partnership and limited liability company taxation matters. His practice includes the representation of major real estate developers, syndicators, lenders and investors, including both taxable and tax-exempt investors and professional service (including law and accounting) firms.

In addition to his work on behalf of the firm’s clients, Mr. Banoff is also a nationally and internationally known author and lecturer. Editor of the Journal of Taxation’s monthly "Shop Talk" column since 1985, he has also written over 200 leading articles in the tax area. He is co-author of two books: "Illinois Limited Liability Company - Forms and Practice Manual" (Data Trace Legal Publishing Inc. 2009) and "Limited Liability Companies and S Corporations" (Illinois Institute of Continuing Legal Education 2010). Also, Mr. Banoff has been a Lecturer in Law at the University of Chicago Law School, where he taught an Advanced Seminar on Real Estate Transactions with emphasis on choice of form of entity, fiduciary duties, economic analysis of investments and taxation matters. He also serves on the Law School's Annual Tax Conference Planning Committee (which he chaired in 1993 and 1994).

A past chairman of the Chicago Bar Association’s Federal Taxation Committee, he now serves on its Executive Council. He is actively involved in the American Bar Association Section of Taxation, and is a frequent program speaker on partnership, limited liability company and tax planning matters. Actively involved in executive compensation and professional firm organization and management matters, Mr. Banoff is past Chairman of the Chicago Bar Association's Large Law Firm Committee and counsels law and accounting firms on various tax and non-tax matters.

Mr. Banoff, a frequent spokesperson on taxation matters, has been interviewed on television and radio, and in magazines and newspapers. At the request of the Committee on Ways and Means of the U.S. House of Representatives, he has testified on partnerships and other pass-through entities. Mr. Banoff has annually been included in The Best Lawyers in America (1987–2013) and is listed in "Leading Illinois Attorneys," Illinois Super Lawyers (2005–2013), "Who’s Who in American Law," Euromoney's "Guide to the World's Leading Tax Attorneys," "The International Who's Who of Business Lawyers-Corporate Tax," Chambers Global's Directory, "The World's Leading Lawyers" and Chambers USA: America's Leading Lawyers for Business. He is a member of the Chicago Federal Tax Forum and elected as a Fellow of the American College of Tax Counsel.

Mr. Banoff graduated with high honors from the University of Illinois at Chicago with a BS in accounting and received his law degree from the University of Chicago Law School, where he was associate editor of the Law Review.