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Revenue Procedure 2022-39 Continues Qualified Amended Return Treatment for Audit Disclosures, Adds Large Partnership

USA - December 6 2022 On November 16, 2022, the IRS released a long-awaited update to the procedure for large corporate taxpayers and large partnerships…

Nathaniel Carden, Kevin R. Stults

Increased Funding Would Support IRS Drive To Audit More Partnerships and Wealthy Individuals

USA - April 30 2021 More — and more rigorous — IRS examinations are coming. The Biden administration is committed to closing the “tax gap” (the difference between taxes…

David W. Foster

Guidance on Carbon Capture and Sequestration Tax Credit Provides Clarity for Developers and Investors

USA - June 8 2020 The Treasury Department and the Internal Revenue Service (IRS) recently released long-awaited proposed regulations regarding the carbon capture and…

Martin de Jong, Paul Schockett, Sean Shimamoto

Key Takeaways: Lessons Learned From Tax-Related Whistleblower Litigation and Shareholder Actions

USA - March 21 2017 On March 8, 2017, Skadden hosted a webinar titled “Lessons Learned From Tax-Related Whistleblower Litigation and Shareholder Actions.” The Skadden…

Nathaniel Carden, Peter B. Morrison

Recent Court of Appeals Decision Provides Hope for Taxpayers Fighting for Congressionally Sanctioned Tax Benefits

USA - February 23 2017 For the second time in just over a year, the U.S. Court of Appeals for the Sixth Circuit reversed the United States Tax Court and affirmed the right…

Christopher P. Bowers, David W. Foster, Raj Madan, Alan J.J. Swirski, Nathan P. Wacker