U.S. Supreme Court Holds Penalty Applies When Transaction Lacks Economic Substance
By EsqSocial Corporation 25/02/14
On December 3, 2013, the United States Supreme Court in U.S. v. Woods, 112 AFTR 2d 2013-6974, resolved a split in the circuits when it held that the ยง 6662(h) valuation misstatement penalty applies when deductions are denied because a transaction...
By: Fowler White Boggs P.A.