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KPMG International Limited is a British-Dutch multinational professional services network, and one of the Big Four accounting organizations.
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Son of BOSS is a type of tax shelter used in the United States, one that was designed and promoted by tax advisors in the 1990s to reduce federal income tax obligations on capital gains from the sale of a business or other appreciated asset. Its informal name comes from the name of an earlier tax shelter, BOSS, which it somewhat resembles. There were at least 7 legal cases still under way at the end of 2016.
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References
- ↑ Lynnley Browning, Judge Rules a Tax Shelter in KPMG Case Is Legitimate, The New York Times , July 21, 2006.
- ↑ Vaughn v. United States IRS, 765 F.3d 1174, 1177 (10th Cir. 2014).
- ↑ Becnel v. KPMG LLP, 387 F. Supp. 2d 984, 2005-2 U.S. Tax Cas. (CCH) paragr. 50,573 (W.D. Ark. 2005) (Federal court had subject matter jurisdiction, based on "substantial federal question," in connection with controversy removed from Arkansas state court to Federal district court).