Tax Court News & Cases

Tax court case on mingling IRA assets. The Tax Court found for the IRS that Donna McNulty had physical possession of gold coins, that were purchased by her IRA, which caused tax taxable distribution from the IRA. In 2015, McNulty purchased IRA ... Read More

Tax Court case of unreported income. This particular case went in front of the Eleventh Circuit Court of Appeals, where a famous author of crime novels was held liable for unreported self employment income. Karin Slaughter appealed the tax cour... Read More

Supreme Court lets health law stand. In our ongoing coverage of cases related to either tax issues, or Tax Court, we look at a case the U.S. Supreme Court ruled on recently. Tax Resolution Services sometimes spill over into the need for Tax Cou... Read More

Court holds claims not filed. The Court of Federal Claims held that taxpayers failed to duly file refund claims: the IRS could not waive the statutory taxpayer signature requirement, and therefore, the court lacked jurisdiction over the taxpay... Read More

Billionaire commits massive tax evasion. Given the inequality that is growing in our society and in the tax code, it is unusual and quite disturbing to hear of a multi-billionaire who hatched a plan to commit massive tax evasion. Over the last fiv... Read More

Malpractice settlement payment was taxable. In our ongoing series of Tax Court cases, we look at McKenny v. U.S. which was heard before the 11th Circuit in 2020. The Eleventh Circuit Court of Appeals reversing a District Court, has held that a CPA... Read More

Billionaire sheth leaving vista equity. Central Texas billionaire Brian Sheth is resigning as president of Austin based Vista Equity Partners in the wake of a highly publicized tax evasion case against Vista Equity founder, chairman and CEO Robert... Read More

Billionaire investor evades taxes. Billionaire Robert F. Smith has been hailed as a brilliant investor who built Vista Equity Partners into a private equity powerhouse and a generous philanthropist lauded for paying off the student debt of Morehou... Read More

Tax court case lassek memo. The Tax Court held that a wife was entitled to innocent spouse relief that was related to the understatement of tax when her husband reported a 401(k) IRS distribution on a tax return as nontaxable. Although the IRS has... Read More

IRS tax court easement case. In our ongoing coverage of Tax Court cases, we highlight this case, which discusses easement issues. The Internal Revenue Service urged taxpayers involved in designated syndicated conservation easement arrangements to ... Read More