Charles Ruchelman Talks to Bloomberg on CIC Services v. IRS

Bloomberg Law

Litigation with billions of dollars at stake for Facebook Inc. and Coca-Cola Co. and a Supreme Court ruling on challenging tax rules are among the legal cases to watch in 2021.

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“While the ruling may have limited applicability, it will address an important concern with how the IRS labels transactions subject to burdensome reporting requirements without warning, and without notice to and comment from taxpayers that are impacted by the IRS designations,” said Charles Ruchelman, a Member at Caplin & Drysdale specializing in tax controversy.

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