"Supreme Court Rules on Partnership Tax Shelter Penalties"
By EsqSocial Corporation 07/01/14
In United States v. Woods,1 the U.S. Supreme Court ruled unanimously for the government on two long-brewing disagreements over penalty jurisdiction in the partnership context and over the breadth of valuation misstatement penalties. In an opinion by...
By: Skadden, Arps, Slate, Meagher & Flom LLP