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TAX STRATEGIES -UNPATENTABLE PRIOR ART?

Posted by Admin Posted on Jan 27 2011

The larger accounting and law firms have applied for and received "business process" patents on specific tax strategies, including some later declared illegal by the IRS and courts. The firms are looking for competitive advantages, but there is nothing to stop them from making infringement claims against taxpayers who find the same strategy on their own.

Two bills have been introduced in the Senate declaring tax strategies are "prior art" and cannot be patented.

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