On Oct. 9, 2009 the United States Court of Appeals for the Federal Circuit affirmed the opinion of the United States Court of Federal Claims in Fisher vs United States. This is the demutualization decision that ruled in favor of the taxpayer relating to cost basis. The IRS has not said whether it will appeal to the Supreme Court.
Demutualization (Fisher vs U.S.)
Oct 26, 2009
1 Replies
Don't hold off filing your 1040X because time may be running out for those who sold their demutualized stock early on. The IRS has been making the refunds (based on a sample of one)
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required