Chelsea Hess

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Chelsea E. Hess focuses her practice on tax matters. Read Chelsea Hess' full bio.

Investment Tax Credit Lessee Income Inclusion Guidance Issued


By , , , , and on Jul 26, 2016
Posted In IRS Guidance, Uncategorized

New Internal Revenue Service temporary regulations provide guidance on the income inclusion rules that apply when a lessor elects to treat a lessee as having acquired investment credit property under Treas. Reg. § 1.48-4. As expected, the new temporary regulations also provide that a partner of a lessee partnership cannot increase its basis in its...

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Tax Court Order Indicates That E-Discovery and Predictive Coding Are Here to Stay


By , , and on Jul 18, 2016
Posted In Court Procedure Matters, IRS Audits, IRS Guidance, Privilege and Non-Disclosure, Trial Courts, Uncategorized

On July 13, 2016, Judge Buch of the US Tax Court denied an Internal Revenue Service (IRS) motion to compel the production of electronically stored information (ESI) by Dynamo Holdings Limited Partnership and Beekman Vista, Inc., which was not delivered as part of a discovery response based on the mutually agreed-upon use of “predictive coding.”...

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IRS Wages ‘Campaigns’ against Taxpayers


By , and on Jun 29, 2016
Posted In IRS Appeals, IRS Audits, IRS Guidance, Uncategorized

Late last year, the Internal Revenue Service’s (IRS’s) Large Business and International (LB&I) division announced that it would restructure its organization. The restructuring was precipitated by shrinking resources and a shifting environment. A primary feature of the restructuring is the end of the continuous audit program (where the IRS audits a large taxpayer year after...

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IRS Loses Summary Judgment In Mylan Case


By and on Mar 16, 2016
Posted In Court Procedure Matters, Trial Courts, Uncategorized

On March 10, 2016, Tax Court Judge Laro denied the Internal Revenue Service’s (IRS) motion for summary judgment in Mylan’s challenge of the IRS’s determination that approximately $372 million should be treated as ordinary income.  See Mylan Inc. and Subsidiaries v. Commissioner of Internal Revenue, T.C.M. 2016-45.  In its Tax Court petition, Mylan seeks a...

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