Fraud Is Not Enough: Intent to Evade Required to Extend Assessment Limitation Period for Partnership Items.

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This post covers an interesting opinion from the Court of Claims, which holds that the filing of a partnership return that includes false or fraudulent items is not enough to extend the assessment limitations period. A showing that one or more partners had an intent to evade tax liability is required.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© James R. Malone, Jr., MALONE LLC | Attorney Advertising

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