Overview

Amit Kalra, PC is a partner in the Tax, Employee Benefits and Trusts and Estates Practice Group in the firm's Chicago office.

Areas of Practice

Amit concentrates his practice on tax controversy and partnership taxation, with an emphasis on partnerships and pass-through entities that own and operate assets entitled to significant federal income tax benefits.

Amit is frequently involved in the structuring and formation of partnerships that own and operate alternative energy resources. His experience includes the pricing of partnership investments through the preparation of pro forma economic models that incorporate relevant federal income tax assumptions and constraints to accurately determine the expected after-tax return on a partnership investment. Amit is also actively involved in the emerging market for financing other alternative energy resources, including: ethanol, biodiesel, biomass, solar and fuel cell facilities. His partnership practice includes all forms of direct investments in partnerships and pass-through entities, including private equity fund formation and investment. In addition, he counsels clients in private equity and venture capital portfolio investments.

Amit represents clients before the IRS Appeals Office on numerous federal income taxation issues, including the defense of purported tax shelters and their related penalties, the characterization of true lease transactions, the tax consequences of complex debt workouts and the treatment of sophisticated financial products.

Experience

Experience

Representative Transactions

  • Represented Seller in its sale of a small portfolio of solar facilities.
  • Represented Sponsor in connection with construction debt financing and tax equity financing related to a solar project.
  • Represented Sponsor in connection with commitment for tax equity financing for wind project.
  • Represented Seller in connection with its sale of a wind project.
  • Represented Sponsor in connection with construction debt financing and tax equity financing for wind project.
  • Represented Seller in connection with its sale of a wind project in development.
  • Represented Investor in connection with tax equity investment for portfolio of distributed generation solar projects.
  • Represented Sponsor in connection with construction debt financing and tax equity for wind project.
  • Represented Seller in its sale of a portfolio of wind projects.
  • Represented Sponsor in connection with construction debt financing and tax equity for wind project.
  • Represented Sponsor in connection with construction and term debt financing, tax equity and third-party cash equity for wind project.
  • Represented Sponsor in connection with construction and term debt for and sale of wind project in three phases.
  • Represented Sponsor in connection with construction debt financing and tax equity for and sale of wind project.
  • Represented Sponsor in connection with construction and term debt financing and tax equity for wind project.
  • Represented Seller in connection with sale of an cash equity interest in a wind project.
  • Represented Sponsor in connection with construction and term debt for and sale of wind project in three phases.
  • Represented Seller in connection with sale of a 90% cash equity interest in a portfolio of two wind projects.
  • Represented Sponsor in connection with construction debt financing and tax equity for and sale of wind project.
  • Represented Sponsor in connection with construction and term debt for two wind project projects.
  • Represented Sponsor in connection with tax equity financing of a portfolio of residential solar projects.
  • Represented Sponsor in connection with tax equity financing of a portfolio of residential solar projects.
  • Represented Sponsor in connection with tax equity financing of a portfolio of small utility scale solar projects.
  • Represented Sponsor in connection with tax equity financing of a portfolio of residential solar projects.

Honors

Honors

Leading Lawyer - Renewables & Alternative Energy, Chambers USA, 2020

The Legal 500 USA, Energy, 2018, 2020

Insights

Media Mentions

  • The Laterals Audit: Tax Attorney Moves In April
    Law360, 04.28.2017
  • Sheppard Mullin Adds Another Energy Partner In Chicago
    Law360, 04.18.2017

Practices

Education

J.D., University of Chicago, 1997, cum laude

B.S., Washington University, 1994

Admissions

  • Illinois
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