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.
Taxes March 10, 2026
Law Professor Learns Harsh State Income Tax Lesson
A law school professor working from home contested a state law requiring him to pay tax to a different state than the one where he resides.
IRS March 2, 2026
Tax Court Grants Tax Relief for Unknowing Spouse
If a married couple files a joint tax return, they are “in it together” as far as federal income tax liability is concerned. However, as shown in a new case, an “innocent spouse” may be entitled to equitable relief due to special circumstances.
Taxes February 13, 2026
Tax Court Slams Brakes on Charitable Deduction
The Tax Court immediately nixed the deduction because of the inadequate substantiation and the lack of any appraisal for high-income items.
Taxes December 29, 2025
Tax Court Affirms Nature of Constructive Dividends
In a new case, Alioto, TC Memo 2025-125, 12/4/25, a C corporation paid the personal expenses of its main shareholder, with adverse tax consequences.
Taxes December 6, 2025
Tax Court Rules No Tax-Free Pass on S Corp Income
With an S corporation, the owners are of the business essentially taxed like partners in a partnership. In contrast, C corporation owners must cope with “double taxation” where income is first taxable to the corporation and then distributions are taxed to the owners.
Taxes June 10, 2025
Don’t Pass Up Form 8300 Filing Requirements
A company that sells automobiles through an auction house claimed a software glitch outside of its control led to the non-filing of Form 8300. Did the Tax Court give the company a pass?