There are times when a business structure or transaction no longer makes sense. This may be due to a change in the business environment, such as swings in the economy or unexpected gains or losses. It can also arise due to a change in the owners’ personal circumstances, such as a divorce or death of…
Category: Rescission Doctrine
Rescission Doctrine
The rescission doctrine allows taxpayers to undo a transaction that has resulted in an unintended tax consequence. Our tax attorneys can help you understand how the rescission doctrine works and whether it might be available in your case. Give us a call to see how we can help, (713) 909-4906.