The IRS ruled that a county-created nonprofit’s income from blighted property reclamation qualifies for exclusion under § 115(1) of the Internal Revenue Code, which exempts income derived from essential governmental functions accruing to a political subdivision.
The IRS has ruled that a rural telephone cooperative may exclude from its consolidated gross income the portion of gain from the sale of a partnership interest that is allocable to patrons’ prior use of the partnership’s network.
A tribal-owned corporation petitioned the IRS for certainty on a proposed restructuring under the Oklahoma Indian Welfare Act (OIWA), seeking to avoid a potential multimillion-dollar tax liability tied to a liquidation into a tax-exempt tribal entity.
The Tax Court just handed down a landmark ruling that could reshape the microcaptive insurance industry; one that wipes out $1,099,900 in claimed deductions, slaps the taxpayers with a 40% accuracy-related penalty, and asserts sweeping authority over a tax structure Congress explicitly incentivized.
The Tax Court has delivered a stark reminder to taxpayers: undocumented basis claims are a losing bet. In Tibor Gyarmati v. C. Memo.
183 million; after concluding the claimed value was inflated by a jaw-dropping $178 million. The court’s opinion, issued March 26, 2026, marks another decisive blow to syndicated conservation easements (SCEs), a transaction the IRS has long branded as an abusive tax shelter.
The Tax Court’s March 19, 2026 ruling in Michael Smith v. C. Memo. 2026-25) delivered a sharp reminder to Social Security Disability Insurance (SSDI) recipients: taxability hinges on the year benefits are received, not whether they must later be repaid.
8 million in potential tax liabilities, penalties, and constitutional due process rights.
In 2025, the IRS issued a Notice of Determination sustaining a federal tax lien against Arbor Vita Corporation for unpaid 2017 unemployment taxes and civil penalties exceeding $200,000.
The stakes couldn’t have been higher. C. Memo. 2026-XX) exposed a critical vulnerability in the IRS’s audit procedures; and the court’s willingness to overlook procedural missteps when the stakes involve substantial tax liabilities.
The stakes couldn’t be higher for Kavan Shaban. The Maryland doctor faces the imminent loss of his passport after the IRS certified his $147,274 tax debt as "seriously delinquent" under Internal Revenue Code § 7345, a provision that empowers the agency to notify the State...
S. 9 million in conservation easement deductions for 2016.
The Tax Court’s March 2 decision in Continental Grand Limited Partnership marks a significant shift in how partnerships and disregarded entities handle foreign currency translation losses under Section 987.
The Tax Court’s decision in Lucas v. Commissioner delivers a stark warning to home-based business owners: $15,654 in deficiencies and $3,131 in penalties sustained in full.
S. Tax Court issued its February 23, 2026 memorandum opinion in Otay Project LP v. C. Memo. 2026-21). 8 million deduction claimed by Otay Project LP (OPLP) following the termination of its partnership, a figure that would have otherwise erased nearly all taxable income for the short 2012 tax year.
The stakes couldn’t have been higher for Jeffrey Pesarik. The IRS hit him with a $255,281 deficiency for unreported gains from two property sales in 2020, along with a $54,355 accuracy-related penalty.
The Tax Court delivered a resounding affirmation of its authority to limit liability challenges under § 6330(c)(2)(B); a provision that bars taxpayers from re-litigating tax liabilities they previously had the chance to dispute.
S. 8% to just $175,824. In a sweeping rejection of the taxpayer’s valuation methodology, Judge Lauber’s memorandum opinion in North Donald LA Property, LLC v. C. Memo. 055 million in syndication fees.
The stakes couldn’t have been higher in Goodwill-Oikerhe v. D. in progress saw his own tax filings scrutinized; and the Tax Court wielded its full authority to impose $42,054 in deficiencies and $31,495 in fraud penalties for tax years 2015–2017.
In El v. S. Tax Court ruled in favor of the IRS, allowing it to claw back a $15,764 refund issued to a New Jersey taxpayer due to a computer error in calculating the Additional Child Tax Credit (ACTC).
The stakes couldn’t have been higher when Peter Clinco, a well-regarded real estate attorney, and his wife filed their 2015 joint return. 8 million in restaurant income and improperly claimed $400,000 in depreciation deductions on rental properties. The case, now finalized in Clinco v. C. Memo.
When Ingrid Maria Persson of California learned she owed the IRS $11,436 for tax year 2019; a sum equal to the advance premium tax credit (APTC) she had received; the Tax Court’s February 9, 2026 ruling in Persson v. C.
The Tax Court’s February 9 ruling in Kolar v. C. Memo. 2026-15) delivered a decisive victory for Kenward F. , upholding $205,514 in farm expense deductions despite the IRS’s aggressive challenge under Section 183, the so-called "hobby loss" rule.
The Tax Court’s ruling in Baturin v. Commissioner delivers a stark message to nonresident researchers: $22,229 in unpaid taxes hinges on whether compensation is a tax-exempt grant or taxable wages; and the court will not bend treaty language to spare taxpayers from the...
S. Tax Court granted the IRS’s motion for partial summary judgment on supervisory approval in Mossy Flats Property, LLC, a case that could redefine how the agency polices its own penalty procedures. 1 million in accuracy-related penalties under Section 6662(h) for gross valuation misstatements.
2 million tax deficiency and penalties hinged on whether the Sullivans’ software development and real estate ventures were legitimate businesses; or merely expensive hobbies. S. 71-acre parcel were engaged in for profit. 89-acre parcel, deeming those activities not for profit.
The stakes in Walker Church Greene 819, LLC v. 9 million charitable contribution deduction for a conservation easement donation. The IRS seeks full disallowance, while 40 partners challenge a settlement reducing penalties from 40% to 10%. C. Memo.
S. Tax Court delivered its February 3, 2026, ruling in Gary C. George and Robin A. George v. Commissioner. 47 million in claimed research credits under Section 41, the federal incentive for increasing research activities, along with $201,319 in accuracy-related penalties.
S. Tax Court has carved out fresh authority to bypass jurisdictional hurdles in collection disputes, handing taxpayers a rare lifeline in Salazar v. C. Memo. 2026-9).
S. Tax Court’s January 28, 2026 ruling in Aventis, Inc. v. 47 million in claimed tax benefits for tax years 2008–2011.