The U.S. Tax held that taxpayers were liable for unreported income and accuracy-related penalties, affirming the IRS’s determinations. Taxpayers, a married couple, failed to report discharge of indebtedness income and ...
The IRS has issued frequently asked questions (FAQs) to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247 titled “Modernizing Payment To and From America’s Bank ...
The U.S. District Court denied the taxpayer’s motion to compel production of appraisals attached to an estate tax return, holding that the appraisals were protected by California’s tax return privilege. ...
The IRS has published frequently asked questions (FAQs) related to the new deduction for qualified overtime compensation under the One Big Beautiful Bill. The deduction, available for tax years 2025 ...
The IRS has published a news release stating that supplemental basic allowance for housing payments made to uniformed services members in December 2025 are not taxable and should not be ...
The IRS has issued a notice extending the deadline for amending IRAs, SEP arrangements, and SIMPLE IRA plans to comply with the SECURE 2.0 Act and related legislation from Dec. ...
The IRS has published its Internal Revenue Bulletin. [Internal Revenue Bulletin 2026-5 (Jan. 26, 2026)]
The U.S. Court of Appeals for the Fifth Circuit vacated and remanded the Tax Court’s decision, holding that a “limited partner” under IRC § 1402(a)(13) is a partner in a ...
The U.S. Court of Appeals for the Second Circuit held that the IRS properly denied the taxpayer’s FOIA request for third-party tax returns without authorization, affirming the district court’s judgment. ...
The U.S. Tax Court held that the taxpayer was entitled to full innocent spouse relief under IRC section 6015(f) for the 2019 tax year, affirming the IRS’s determination. Taxpayer, a ...
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