Supreme Court Rules That IRS Will Have to Hustle If It Wants to Bust Tax Shelters
Aspiring wolf packs will want to take note: The justices, voting 5-4, said the IRS has only three years to challenge so-called Son-of-BOSS tax shelters. Lower courts had disagreed on the question, with some saying the IRS had up to six years. Justice Stephen Breyer wrote for the court that the case is governed by a 1958 […]