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U.S. Tax Court Warns Taxpayers to Mind Their Methods - Capital One Financial Corp. v. Commissioner |
July 25, 2008
Previously published on June 2008
On May 22, 2008, the Tax Court granted the IRS's motion for partial summary judgment, and ruled that Capital One Financial Corp. and two of its subsidiaries failed to obtain consent to change the treatment of late-fee income from their credit card business.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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