Federal tax law has long allowed theft loss deductions. And even though the Tax Cuts and Jobs Act of 2017 (TCJA) substantially limited theft loss deductions for tax years after 2017, the IRS released a Chief...
Category: Blog
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...
ERC Update: A Court Reminder That the Government Doesn’t Always Interpret the Law Correctly
May 29, 2026
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...
The IRS Acts on the ERC Two-Year Deadline – Is It Enough?
April 28, 2026
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...