WHO515 Investment Partners, et al v. Cmsnr. IRS
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December 17, 2019
DC Circ. Declines To Rethink Partnership Tax Shelter Row
The D.C. Circuit won't rethink its decision upholding taxes and penalties on two partnerships that participated in so-called Son-of-Boss tax shelters, rejecting the partners' arguments that they didn't agree to extend the deadline to assess the taxes.
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December 11, 2019
Partnerships Ask DC Circ. To Reconsider Tax Shelter Decision
The D.C. Circuit should rethink upholding taxes on two partnerships over their participation in so-called Son-of-Boss tax shelters because the partnerships never agreed to extend the IRS' deadline to assess those taxes, the partnerships have told the court.
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October 28, 2019
Ex-Deutsche Bank Broker Can't Avoid Penalties, DC Circ. Rules
A former Deutsche Bank broker and two colleagues can't avoid penalties associated with losses they claimed from a sham partnership after they agreed to extend the IRS' deadline to assess taxes, the D.C. Circuit has found.
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March 04, 2019
Partnerships Correctly Taxed On Ending Shelter, DC Circ. Told
The U.S. Tax Court correctly interpreted a deadline extension in favor of the Internal Revenue Service in assessing taxes on two partnerships to undo their tax shelter, the agency told the D.C. Circuit on Monday.
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February 04, 2019
Tax Court Wrongly Extended IRS Deadlines, DC Circ. Told
The U.S. Tax Court interpreted a deadline extension for the Internal Revenue Service to assess taxes on partnership items too broadly, a former Deutsche Bank broker and two colleagues told the D.C. Circuit.