Tuition Deduction C-Corp
T.C. Memo. 2022-19 Docket Nos. 4113-19, 4647-19. Filed March 9, 2022 The taxpayer claimed a business expense deduction for the C-Corp owners’ son-in-law (not an employee) for the costs of…
Using Tax Software to Do Your Taxes?
According to a US Tax Court case Docket No. 14085-20S, a taxpayer was using popular tax software to do their taxes. Nothing out of ordinary in this approach to taxes.…
Corporation Saving Tax on Build-in Gains
Internal Revenue Service says that taxpayers- transferees of a company that was stripped of its assets and left unable to pay its Federal tax liabilities are responsible for the transferor…
What Affects OIC?
On February 23rd, the U.S. Tax Court filed T.C. Memo. 2022-5 deciding whether the Office of Appealsabused its discretion in rejecting an offer-in-compromise (OIC) . The United States Tax Court…
Business Deductions Home Office Deduction IRS Letter Marriage, taxes Meals and Entertainment Deduction mileage travel expenses US Tax Court
Recent Tax Related Charges
Recent tax related charges and tax crimes
Charitable Contribution Deductions for a Conservation Easement.
Docket No. 7288-19. Filed January 13, 2022. This case reviews whether the supervisor lacked the authority to supply timely approval of penalties. A partnership acquired roughly 260 acres of land…
Taxability of Social Security Benefits.
Docket No. 13970-19 December 6, 2021 US Tax Court petitioner resided in Colorado and filed her petition with the court in order to issue a decision in regards to the…
