Tax Law

Recent Posts

Canal Corp. v. Comm'r, 2010 U.S. Tax Ct. LEXIS 25 (T.C. Aug. 5, 2010)
Posted on 10 Sep 2010 by LexisNexis Tax Center

The Service determined a $183,458,981 deficiency in the Chesapeake Corporation's Federal income tax, asserting that Chesapeake owed a $36,691,796 substantial understatement of income tax penalty under section 6662(a) for 1999. Chesapeake's subsidiary's... Read More

Intermountain Ins. Serv. of Vail, LLC v. Comm'r, 2010 U.S. Tax Ct. LEXIS 14 (T.C. May 6, 2010)
Posted on 18 May 2010 by LexisNexis Tax Center

The Tax Court, in a division opinion, denied motions to reconsider and vacate its prior decision that held that a final partnership administrative adjustment was untimely because a basis overstatement didn't trigger the six-year statute of limitations... Read More

Grapevine Imps., Ltd. v. United States, 2011 U.S. App. LEXIS 4967 (Fed. Cir. Mar. 11, 2011)
Posted on 21 Mar 2011 by LexisNexis Tax Center

In Grapevine Imps. Ltd. v. United States, 2011 U.S. App. LEXIS 4967 (Fed. Cir. Mar. 11, 2011) , t he partnership asserted that the extended limitations period under former I.R.C. §§ 6229 , 6501 for an omission from gross income did not apply... Read More

No Waiver in Accounting Firm Workpaper Case, D.C. Circuit Holds
Posted on 30 Jun 2010 by LexisNexis Tax Center

The U.S. Court of Appeals for the District of Columbia Circuit ruled June 29 that the government could not compel an accounting firm to disclose a taxpayer's workpapers containing attorney work product because the documents were privileged and no... Read More