WASHINGTON (AP) - The Supreme Court says two Texans' partnership doesn't keep the IRS from penalizing them for what the agency called a sham tax shelter.
The Supreme Court unanimously upheld the agency's 40 percent penalty against Gary Woods and Billy Joe "Red" McCombs, who held ownership positions with the San Antonio Spurs and the Minnesota Vikings. ...
The Supreme Court unanimously upheld the agency's 40 percent penalty against Gary Woods and Billy Joe "Red" McCombs, who held ownership positions with the San Antonio Spurs and the Minnesota Vikings. ...