Resources

In what is the first decision of its kind, the Tax Court in Paschall v. Commissioner held that crypto staking rewards are income.   The facts of the case are straightforward. The taxpayer held Cardano...

For employers still waiting on Employee Retention Credit (ERC) refunds, a recent federal court decision is worth a close look. In Tri-State Memorial Hospital v. United States, NO. 2:25-CV-0181-TOR (E.D. Wash., May 28,...

Under federal tax law, certain entities must file IRS Form 5472 to report specified transactions with related parties. To ensure compliance with this information return reporting obligation, Congress allows the IRS to impose...

Last month, I wrote an article encouraging employers to secure tax litigation counsel sooner rather than later if they might need to file a lawsuit to obtain Employee Retention Credits (“ERCs”). That article can...

A recent decision from the 15th Court of Appeals in Texas could provide a windfall for entities engaged in providing airline transportation services.  In a case involving American Airlines, Inc. (“American...