The taxpayer was a partnership that was a sophisticated financial markets trader with substantial amounts of money under active management. It employed quantitative trading strategies for its ...

The Internal Revenue Service is planning to require corporate taxpayers to provide brief descriptions of their uncertain tax positions along with the maximum amount of tax exposure if those positions ...

When it comes to completing a company’s often extensive financial reporting requirements, it is easy to lose sight of the impact those valuations may have on the company’s tax positions. However, ...