Documents in Tax Dispute Protected by Attorney-Client Privilege, Federal Magistrate Finds

A magistrate judge for the U.S. District Court for the District of Nebraska Feb. 8 ruled in an employment tax case that correspondence between an attorney and a taxpayer that was turned over to the government by a third party

Senate Passes Legislation to Curb Penalties for Tax Shelter Investments

The Senate passed legislation (S. 2917) Feb. 9 that would limit penalties for individuals and businesses that invest in tax shelters by tying fines to…

Transfer Pricing Cases Converge as Tax Court Orders VERITAS Inc. to File Post-Xilinx Report

After finding for the taxpayer in VERITAS Software Corp., U.S. Tax Court Judge Maurice Foley Jan. 28 ordered the company and the Internal Revenue Service to…

Obama Requests $12.6 Billion for IRS to Implement Strategic Programs in 2011

The Obama administration Feb. 1 released its fiscal year 2011 budget requests, asking for more than $12.6 billion for the Internal Revenue Service to…

House Committee Chairmen Rangel, Frank Team up to Create Bill Mirroring Obama’s Bank Tax Proposal

House Ways and Means Committee Chairman Charles Rangel (D-N.Y.) Jan. 21 said he and Financial Services Committee Chairman Barney Frank (D-Mass.) will team up to produce…

IRS Valuation of VERITAS Cost-Sharing Deal Found to Be Arbitrary

The U.S. Tax Court Dec. 10 issued a 71-page opinion that found the Internal Revenue Service’s determination that a cost-sharing arrangement VERITAS Software Corp. entered into with an Irish subsidiary should have…

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