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…
“Blind reliance on AI…may constitute unreasonable reliance” under Circular 230, the standards for tax practice before the Internal Revenue Service. June 30, 2026. Recently, the IRS…
July 1, 2026 – The distinction between a deductible ordinary and necessary business expense under IRC § 162 and a deductible charitable contribution under IRC §…
June 12, 2026 – On June 10, the Tax Court issued a memorandum opinion in Wells v. Commissioner, T.C. Memo. 2026-49. In 2016, Mr. Wells was…
Open letter to Mr. Taxpayer Mr. Taxpayer, you quit too soon. Perhaps you were worn down by the prison sentence for willful failure to file tax…
What is the July 10, 2026 deadline about and do I need to file a claim with the IRS? June 3, 2026. In advance of a…
Take Accountability, Implement Procedural Safeguards, and Read (and Follow) the Rules On May 18, 2026, Kenneth Salinger, Justice of the Superior Court of the Commonwealth of…
The Fourth Circuit holds that the plain language of the innocent spouse statute (IRC § 6015(f)(1)) means that underpayment interest the IRS erroneously refunded is a…