UNITED STATES, Petitioner v. Gary WOODS

134 S.Ct. 557

Supreme Court of the United States

UNITED STATES, Petitioner

v.

Gary WOODS.

No. 12–562.

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Argued Oct. 9, 2013.

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Decided Dec. 3, 2013.

Synopsis

Background: Tax matters partner for two general partnerships filed petitions for judicial review of final partnership administrative adjustments made by the Internal Revenue Service (IRS) with respect to partnership returns and imposed penalty for gross valuation misstatements. The United States District Court for the Western District of Texas, Harry Lee Hudspeth, Senior District Judge, 794 F.Supp.2d 714, affirmed in part, but reversed imposition of the penalty […]