Tax Law

Valero Energy Corp. v. United States, 2009 U.S. App. LEXIS 13050 (7th Cir., June 17, 2009)

Tax practitioner-client privilege under 26 U.S.C.S. § 7525(a)(1) did not apply to documents sought by the IRS that contained financial data, tax liability estimates, and other accounting advice. The exception under § 7525(b) for documents promoting tax shelters was not limited to actively marketed tax shelters or prepackaged tax-shelter products.
 
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