Beard v. Comm'r, 2011 U.S. App. LEXIS 1575 (7th Cir. 2011)

On January 26, 2011, the Seventh Circuit ruled as valid the Service's application of the six-year statute of limitations, rather than the standard three-year period, to a Son-of-BOSS (Bond and Option Sales Strategy) transaction and the overstatement on a tax return of basis related to the transaction...

Beard v. Comm'r, 2011 U.S. App. LEXIS 1575 (7th Cir. 2011)

On January 26, 2011, the Seventh Circuit ruled as valid the Service's application of the six-year statute of limitations, rather than the standard three-year period, to a Son-of-BOSS (Bond and Option Sales Strategy) transaction and the overstatement on a tax return of basis related to the transaction...