In 2024, the Supreme Court issued its decision in SEC v. Jarkesy, concluding that the SEC’s civil enforcement mechanism to collect a fraud penalty through administrative means violated the Seventh Amendment’s right...
Category: Blog
FBAR Penalty Struck Down on Seventh Amendment Concerns
September 25, 2025
Under the Seventh Amendment of the U.S. Constitution, individuals generally have the right to jury trial in federal disputes. In 2024, the U.S. Supreme Court held in SEC v. Jarkesy that this constitutional right to...
Three OBBBA Provisions You Should Know for 2025
September 24, 2025
The One Big Beautiful Bill Act (OB3) became law on July 4, 2025. Many of the tax provisions in the new legislation are effective for the 2025 tax year. Summaries of three of the more notable OB3 provisions...
Tax Issues Every NIL Athlete Should Know
September 23, 2025
By Joel N. Crouch, Blog
The world of college athletics has changed dramatically with the rise of Name, Image, and Likeness (NIL) opportunities. For the first time, student-athletes can legitimately profit from endorsements, appearances, and social...
Among the many administrative rules and policies that taxpayers must often contend with is the Texas Comptroller’s 5% test. It comes up in different contexts and, when an auditor mentions this test, it often results in an...