Demutualization (Fisher vs U.S.)

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Subject Author Date Demutualization (Fisher vs U.S.) Alan 10-26-2009  Re: Demutualization (Fisher vs U.S.) Avrum Lapin 10-26-2009
Posted by Alan on October 26, 2009, 11:23 am Please log in for more thread options On Oct. 9, 2009 the United States Court of Appeals for the Federal Circuit affirmed the opinion of the United States Court of Federal Claims in Fisher vs United States. This is the demutualization decision that ruled in favor of the taxpayer relating to cost basis. The IRS has not said whether it will appeal to the Supreme Court. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Avrum Lapin on October 26, 2009, 11:57 am Please log in for more thread options > On Oct. 9, 2009 the United States Court of Appeals for the > Federal Circuit affirmed the opinion of the United States Court > of Federal Claims in Fisher vs United States. This is the > demutualization decision that ruled in favor of the taxpayer > relating to cost basis. The IRS has not said whether it will > appeal to the Supreme Court. Don't hold off filing your 1040X because time may be running out for those who sold their demutualized stock early on. The IRS has been making the refunds (based on a sample of one) -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted demutualization September 1, 2008, 7:52 pm Demutualization - this year's taxes September 12, 2008, 10:58 pm Selling Prudential demutualization stock August 26, 2009, 2:39 am Lone Accountant wins upset over IRS regarding Demutualization August 25, 2008, 8:14 pm