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Tax Notes, the leading source of federal tax news, provides blanket coverage this week of a development with huge implications for taxpayers and the government — that tax advisors are increasingly obtaining federal patents for strategies
to cut their clients’ taxes.

Tax strategy patents could give a few individuals a virtual monopoly over some interpretations of the tax code, and they could force tax advisors to pay licensing fees to other advisors that might hold patents on certain strategies, Tax Notes writes in its April 23 issue.

With Tax Notes’ coverage of tax patent strategies, the magazine shines the light on an important and growing phenomenon in the tax world. To read the coverage, go to the Web site of Tax Analysts, at http://www.taxanalysts.com.