The Court of Federal Claims imposed penalties on tax shelter participants.
Alpha I, L.P. v. United States, Docket 06-407T (Fed. Cl. May 27, 2010)
Developments in Federal and State Tax Litigation
The Court of Federal Claims imposed penalties on tax shelter participants.
Alpha I, L.P. v. United States, Docket 06-407T (Fed. Cl. May 27, 2010)
Mississippi District Court finds that FOCus transaction was a series of steps lacking in economic substance and comprising an abusive tax shelter. Penalties imposed.
Nevada Partners Fund LLC v. United States, No. 3:06cv379-HTW-MTP (S.D. Miss., Apr. 30, 2010)