Blaise Sonnier examines the U.S. Court of Appeals for the 1st Circuit’s decision in United States v. Textron on the issue of whether the tax accrual workpapers of a publicly-traded company can be withheld from the IRS during a tax audit based on the work product privilege. The author explores the effect of this decision on state and local tax administration and practice.
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This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.
Read this article from CCH’s Journal of Taxation of Financial Products