Government Relations & Lobbying
Bringing Client Goals to Fruition with Substantial Relationships and Deep Knowledge Our Government Relations & Lobbying team blends strong knowledge with impactful relationships. In fact,…
Bringing Client Goals to Fruition with Substantial Relationships and Deep Knowledge Our Government Relations & Lobbying team blends strong knowledge with impactful relationships. In fact,…
Dean Mead’s Tax Department handles tax planning issues for businesses and individuals. The attorneys in our department have extensive experience in a full range of…
The U.S. Supreme Court has now reconciled a split in the Circuit Courts regarding whether an overstatement of a taxpayer’s basis in property that was disposed of in a recognition transaction could result in the application of a 6-year statute of limitations, instead of the normal 3-year limitations period. In US v. Home Concrete & Supply, LLC et al, 566 U.S. ___ (2012) (No.11-139), the Supreme Court, in accordance with previous Supreme Court precedent, held that an overstatement of basis is not equivalent to an omission from gross income and therefore, the 6-year limitations period does not apply.