Taxes October 23, 2026
Tax Court Tears Down Deductions for Historic Structure Easements
Specifically, a taxpayer may be able to write off the value of the conservation easement for any one of these reasons.
Payroll Taxes October 7, 2026
Tax Court Upholds 100% Penalty in Payroll Tax Case
A business owner may be held personally for unpaid payroll taxes due to a willful failure.
Taxes October 2, 2026
Tax Court Forces Guitar Collector to Change His Tax Tune
The absolute necessity for accurate recordkeeping by both individuals and corporations cannot be overemphasized.
Taxes September 2, 2026
Tax Court Penalizes ‘Pretty Sophisticated’ Taxpayer
Depending on the situation, the IRS may have discretion to hand out some of these penalties or to cut unknowing taxpayers some slack.
Taxes August 30, 2026
IRS Agent Fired for Shirking Professional and Tax Responsibilities
The IRS holds its staff to a higher expectation of tax compliance since they are responsible for enforcing tax law, especially those in a supervisory role.
Taxes August 21, 2026
Tax Court Takes Narrow View of Tax-Exempt Legal Settlements
The short story is that full amount of a personal legal settlement is generally taxable as ordinary income at rates currently topping out at 37%.
Taxes August 4, 2026
Tax Court Ruling: When You Can’t Take the IRS at Its Word
The court ruled that the taxpayers failed to prove an IRS error or delay and that verbal advice from an IRS representative is not legally binding.
Financial Reporting July 22, 2026
Tax Court Case Underlines the Rule: Don’t Pay Personal Expenses with Business Funds
Owners of small businesses frequently don’t pay attention close attention to the nature of expenditures.
Taxes June 29, 2026
Tax Court Reviews ‘Cohan Rule’ in New Business Expense Case
There’s no substitute for keeping accurate records that can prove the existence and amount of deductible expenses.
Taxes May 22, 2026
Taxes and Marriage: Innocent Spouse Relief Isn’t Guaranteed Forever
Although an “innocent spouse” may be absolved of their tax responsibilities, a Tax Court case shows that this special tax protection may be forfeited if the spouse later becomes aware of improprieties.
Taxes May 18, 2026
What’s the Tax Verdict on Deducting Legal Fees?
As evidenced by a new Tax Court decision, Rosso, TC Memo 2025-115, 11/6/25, payment of fees relating to some types of legal actions may still be deductible.
Taxes May 11, 2026
New Court Case Paves Way for Additional Disaster Refund Claims
The main issue contested in the new case was whether section 7508A relief should be applied broadly to taxpayer responsibilities or be limited by IRS pronouncements.