Earlier this year, the 1st Circuit stymied the IRS in its ongoing effort to attack aggressive corporate tax shelters. In a sharply divided 2-1 panel ruling, the court determined that internal documents of Rhode Island-based Textron didn’t have to be given to the IRS because they are protected by the attorney work-product privilege. In-House Legal host, Paul D. Boynton, Esq., welcomes Attorney Brian Bixby of Burns & Levinson, to help assess the important issues in the Textron case, including the scope of the how much information companies need to divulge to the IRS and perhaps other government regulators.
The largest bankruptcy case in U.S. history is playing out before us with the fall of Lehman Brothers Holdings Inc., creating chaos in the financial community. Join co-hosts and Law.com bloggers, J. Craig Williams and Bob Ambrogi, as they talk to the top legal experts, Attorney John D. Penn, Partner at the firm, Haynes and Boone, LLP and Attorney Victor Bass, Partner at the firm, Burns & Levinson LLP, about how lawyers will unravel the company’s assets, what will happen to stockholders and customers along with the impact of all that on the economy. Hear their take on the legal options and strategies being used in this unprecedented case.