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- Title
Ethics and Tax Procedure Corner.
- Authors
Litwin, Burton H.; Harris, Kenneth L.
- Abstract
The article focuses on the applicability of U.S. extended statute of limitations period to tax understatements attributable to overstatements of tax basis. It says that U.S. Supreme Court only applies extended limitations if specific income receipts have been omitted in the computation of gross income and not in understatement of income results from overstatement of basis. However, the government argues that court must consider limitations period in the regulation.
- Subjects
UNITED States; LIMITATION of actions; TAX basis; GROSS income; FISCAL policy; UNITED States. Supreme Court
- Publication
Journal of Passthrough Entities, 2011, Vol 14, Issue 3, p41
- ISSN
1099-7407
- Publication type
Article