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.
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