US Efforts To Thwart Tax Shelters Receive Court Setback,

US Lawyers Database

 
US Lawyers DB site is a comprehensive directory of lawyers, attorneys and law firms in USA. Find lawyers, attorneys, law firms and counsels in the US.
US Attorneys
MainLaw, Lawyers and Legal News › US Efforts To Thwart Tax Shelters Receive Court Setback,
 
US Efforts To Thwart Tax Shelters Receive Court Setback,
2006-07-24
The US authorities' campaign against aggressive tax shelters was dealt a blow last week after a Texas judge ruled that the government exceeded its power by outlawing a shelter known as 'Son of Boss'. In a 28-page judgement released last Thursday, Judge T. John Ward of the US District Court for the Eastern District of Texas wrote that regulations issued by the IRS in 2000 did not apply to taxpayers who used the tax shelter prior to this date. According to Judge Ward, the government's retroactive application of these rules was an "abuse of discretion"./p> The civil case was brought by two Texas lawyers, Harold W. Nix and C. Cary Patterson, who sued the Internal Revenue Service in 2004 after the agency denied deductions resulting from the use of the tax shelter four years previously.
« Law News Full News »
 
More law news
 
Developed by Internet Plus Law NewsAdvertise on US Lawyers DBContact US Lawyers DB
Featured: DUI DWI LawyersBacnkruptcy LawyersDivorce LawyersAccident LawyersCriminal Law Lawyers
Articles AuraExporter Importer Trader