The Supreme Court denied Altera’s petition for writ of certiorari today. The case involved transfer pricing in connection with Altera’s research and development cost-sharing agreement with a foreign subsidiary. The cert denial means the Ninth Circuit’s decision upholding the IRS’s assessment stands, and taxpayers with the same issue may be facing an increase in federal taxable income, to which most states conform.

Referent: Kyle O. Sollie Sebastian C. Watt

Veranstaltungsart: Webinar

Startdatum / -uhrzeit:
7 July 2020, 2:00 PM EDT
Enddatum / -uhrzeit:
7 July 2020, 2:30 PM EDT

Reed Smith will be hosting a webinar on July 7 to discuss the state-tax consequences of this decision.