Category Archives: Tax Court

You get what you pay for, or so the cliche goes. The Tax Court today looked at a case where a husband and wife had two “businesses” and used tax software to prepare their returns. As Joe Kristan of Roth … Continue reading →

When the first lines of a Tax Court decision read, Tax records are the ancient Egyptians of the modern age–plagued not by boils, frogs, flies, and lice but by fire, flood, mold, and theft. The cursed tax records in this … Continue reading →

The joy of frivolity. Having fun at the expense of others (playing practical jokes, for example) can give yourself a good laugh. However, it is not a good idea to do it in Tax Court. As noted in Roth Tax … Continue reading →

We’ve said it before, and we’ll continue to say it: Save your paperwork, receipts, etc. If you’re ever audited by the IRS, you need documentation. If you have it, things (usually) will go well; if not, expect a battle. Yesterday … Continue reading →

Is a “Contract for Deed” deductible when used to satisfy alimony obligations? The Tax Court today said no. Contract for Deed’s are financing arrangements that allow buyers to purchase property from sellers by borrowing the money from the sellers. The … Continue reading →

What happens if you receive your W-2 and your company made a mistake on your social security number and it’s off by one digit? Being an unscrupulous individual, you sense opportunity! “I don’t have to report my wages from my … Continue reading →

Sometimes all you can do is laugh. And most likely Judge Powell, who decided today’s case, was laughing quite a bit. The case involved taxpayers disputing the assessment of a penalty for the untimely filing of their tax return. Just … Continue reading →

The Tax Court delivered a trick on Halloween to these taxpayers. They operated a timber operation (perhaps), accounting services (although the husband was “…suspended from practice before the Internal Revenue Service since 1981”), real estate (although the wife asked, “[please] … Continue reading →