Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The Supreme Court considers state tax incentives to lure new business, Advance Pricing Agreements can help multinationals with the IRS, some plaintiffs are still facing tax problems with fee awards, and demands for disclosure of opinion letters raise concerns about the privilege.
Our State Wants Your Company A federal appeals court struck down Ohio’s investment tax credit as unconstitutional, and last week the Supreme Court heard oral argument in the appeal from that decision. The ruling could have consequences for how states offer incentives to bring businesses into their jurisdictions. • We Can Make a Deal Did you know you can bargain with the Internal Revenue Service about your taxes? There is a little-known program that can help many companies, both small and large. • Win in Court, But Lose at Tax? Despite the recent legislative and Supreme Court consideration, significant uncertainty remains over whether a plaintiff must include her entire damage award in gross income. That’s something to remember, not just for tax lawyers but also for plaintiffs lawyers and for defense counsel and in-house lawyers who are evaluating the settlement value of claims. • Encroaching on the Privilege The Sarbanes-Oxley Act of 2002 has put great pressure on auditors to obtain confidential, privileged information about potential tax liabilities. The Internal Revenue Service has seized on this as an opportunity to encroach on the attorney-client and work-product privileges. How did this come to pass, and what should Congress do about it?

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.