Baker McKenzie tax partner George Clarke filed a lawsuit against the IRS for failing to disclose information related to partnership audits. The suit came after the IRS announced a heightened focus on large partnerships, including law firms. However, the firm voluntarily dismissed the lawsuit with prejudice.
The dismissal was attributed to the IRS not serving an answer or motion for summary judgment within an extended deadline, despite a request for an additional 30-day extension. The situation implies a potential agreement between the parties, leaving observers speculating on the implications for Biglaw partnerships.
[
add
]
[
|
|
...
]