More than three dozen IRS letter rulings allow late QOF self-certifications
Since 2018, taxpayers have been eligible for tax deferral and reduction benefits by reinvesting capital gain from a sale or...
Supreme Court upholds exception to notice requirement for third-party summonses
Jun 23, 2023
The U.S. Supreme Court held unanimously that the IRS does not have to notify third parties named in a summons...
Tax Court denies medical exception for early pension distribution
Jun 21, 2023
A taxpayer was subject to income tax on a distribution he received from his Sec. 401(k) plan and was not...
HSA amounts continue trend, increase again in 2024
Jun 19, 2023
The maximum contribution to a health savings account (HSA) and certain related benchmarks will again be sharply higher next year....
Contractor’s housing accommodation is taxable
Jun 16, 2023
The Tax Court held that a housing accommodation provided to an employee did not meet the conditions for exclusion from...
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