Resources

On January 12th, the IRS National Taxpayer Advocate delivered her annual report regarding the IRS to Congress. The report contains statistical information and recommendations for how the IRS could improve its service and how...

U.S. District Court upholds IRS motion for summary judgment on valuation of shares in family business for estate tax purposes in Connelly v. United States, 4:19-cv-01410-SRC (E.D. Mo. Sept. 21, 2021)....

In a recent memorandum opinion, Om P. Soni v. Commissioner, T.C. Memo 2021-137, the U.S. Tax Court discussed a rule rarely seen in tax cases: the “tacit consent rule.” The court held that although the taxpayer’s...

Congratulations to Brian J. Spiegel! Click HERE to read the announcement..

The U.S. Tax Court recently issued two memorandum opinions regarding animal breeding activities and whether the taxpayers at issue could deduct expenses in excess of income from the activity. In Skolnick v. Commissioner,...