Read the latest insights and updates on tax news from K. Tyson Law.
In Big Apple Tompkins Realty LLC v. Commissioner, 167 T.C. No. 7 (2026), the Tax Court held that the 90-day filing deadline in section 6234(a) was…
Would You Turn Down $26 Million to Save the Family Farm? World Nature Conservation Day was yesterday, July 28. Earlier this month, People.com (the online edition…
The IRS can pursue your family for unpaid employment taxes even after you’re gone. In United States v. Guy, 5-23:cv-500 (E.D.N.C.), the government sued a deceased…
The IRS is replacing its First Time Abate (FTA) program with Automatic Exemption from Penalty (AEP), eliminating the need for many compliant taxpayers to request penalty…
What is the Tax Basis of Artwork Transferred by a Museum to an Artist’s Descendants? Before the Civil War, a slave named Dave was a potter…
Buy Low, Donate High Last month, the IRS published its annual Dirty Dozen list of what it refers to as “the worst of the worst tax…
If a taxpayer has a “substantial understatement” of income tax, the Internal Revenue Service (“IRS”) can assert a penalty. In fact, the IRS’s default procedure is…
Kim Tyson was recently quoted in a Bloomberg Law News article “Six Years in: What Lawyers Want From Tax Court’s DAWSON System” by James Matheson. Bloomberg…
Recently, the Tax Court issued a memorandum opinion in Paschall v. Commissioner, T.C. Memo. 2026-46, holding that the cryptocurrency proof-of-stake rewards at issue in that case…
“Blind reliance on AI…may constitute unreasonable reliance” under Circular 230, the standards for tax practice before the Internal Revenue Service. Recently, the IRS Office of Professional…
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