Law360 (November 6, 2018, 5:14 PM EST) -- The Internal Revenue Service has been battling taxpayers for more than a decade on their Internal Revenue Code Section 199 deductions. Indeed, nearly every taxpayer, other than manufacturers, has been questioned in some fashion about their Section 199 deduction. In the wake of the Tax Cuts and Jobs Act, which repealed Section 199, taxpayers are taking a last stand to claim the benefit and, in many instances, claiming substantial refunds for all open years. Listing Section 199 refund claims as a “campaign” was the IRS’ newest way of telling taxpayers: Let’s get ready to rumble!
Where It All Began
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!