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 25, 2026
Tax Court Gives Mixed Ruling on Case Involving Social Media Influencer
He met presidents and attended the Emmys, and had meet-and-greets with Matt Damon, Benedict Cumberbatch, Mark Ruffalo, and other celebrities.
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.
Taxes April 14, 2026
Tax Court OKs Disallowance of Accrued Expenses
Usually, a small business owner will choose to use the cash method of accounting for simplified recordkeeping reasons.
Taxes March 24, 2026
Can a Taxpayer Recover Attorney Fees When Challenging the IRS?
Even if you’re the prevailing party in the matter, you still must pay the tab if the IRS shows that it was substantially justified in taking its position.