FSG Helps the IRS Win Important Tax Shelter “Test Case”

The Internal Revenue Service recently won a high-profile tax shelter case involving a complex Structured Trust Advantaged Repackaged Securities (STARS) transaction between the Bank of New York (BoNY) and Barclays Bank. BoNY claimed foreign tax credits and expense deductions on its federal tax returns in connection with the STARS transaction and reported certain income from … Continue reading "FSG Helps the IRS Win Important Tax Shelter “Test Case”"