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United States v. Home Concrete & Supply, LLC

Docket No.11-139
Op. Below4th Cir.
ArgumentJan 17, 2012

Holding

Section 6501(e)(1)(A) of the Internal Revenue Code, which extends the limitations period for the government to assess a deficiency against a taxpayer, does not apply when a taxpayer overstates the basis in property that he has sold, thereby understating the gain received from the sale.

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