Forbes Aug. 8, 2018

Ninth Circuit Pulls Back Big IRS Victory Issued After Judge's Death

There was a big win for the IRS last month in Altera Corporation & Subsidiaries v IRS as the Ninth Circuit in a two to one vote overturned a Tax Court decision.  I covered the decision here.  Although the dollar stakes were not that high to Intel, which had acquired Altera as the litigation was ongoing, technology companies had been watching the case closely.  Amazon had filed an amicus brief supporting the taxpayer.

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