Supreme Court Grants Certiorari on 6-Year SOL and Overstatement of Basis

Tax Appellate Blog, Supreme Court Agrees to Hear Home Concrete Case to Address Six-Year Statute Issues:

The Court this morning granted certiorari in the Home Concrete case from the Fourth Circuit [Home Concrete & Supply LLC v. United States, No. 09-2353 (4th Cir. Feb. 7, 2011)], thus paving the way for a definitive, nationwide resolution of the issues presented in the Intermountain cases.  ... The government’s opening brief in Home Concrete is due November 14.  The case will likely be argued in January, or possibly February, and the Court will issue its decision before the end of June 2012.

(Hat Tip: Kristin Hickman.)