The U.S. Tax Court held that a taxpayer’s microcaptive insurance arrangement lacked economic substance under section 7701(o) and upheld the imposition of 40 percent accuracy-related penalties under section 6662(b)(6) and ...
The U.S. District Court for the Middle District of Florida granted default judgment and a permanent injunction against a tax return preparer and related business for preparing fraudulent federal income ...
The U.S. District Court for the District of Maryland dismissed Taxpayer’s claims against state and federal tax authorities for being barred by sovereign immunity and statutory prohibitions on tax collection ...
The U.S. District Court for the District of Utah denied the IRS’s motion for a more definite statement, ruling that Taxpayers provided sufficient detail in their pro se complaint to ...
The U.S. Tax Court held that Taxpayers’ conservation easement donations were valid charitable contributions but were grossly overvalued, sustaining the IRS’s valuation adjustments and gross overvaluation penalties. Taxpayers (two partnerships) ...
The U.S. Tax Court held that Taxpayer was not liable for the full amount of collection actions because Appeals failed to properly verify assessments and consider collection alternatives. Taxpayer, an ...
The IRS has issued a news release announcing that the Low Income Taxpayer Clinic Program will accept applications for LITC matching grants from qualified organizations during a two-month application period. ...
The IRS has issued a new release announcing that updates to the Conservation Easement site have been made to expand information on abusive conservation easement transactions, recent court decisions, and ...
The IRS has issued a news release announcing that applications are now being accepted for the Internal Revenue Service Advisory Council through June 5. Qualified individuals are sought to serve ...
The IRS issued proposed regulations providing guidance on how taxpayers can claim payments (refunds) for previously taxed dyed diesel fuel and kerosene under I.R.C. §6435. The rules clarify eligibility and ...
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