Contractor’s housing accommodation is taxable
The Tax Court held that a housing accommodation provided to an employee did not meet the conditions for exclusion from...
Current developments in taxation of individuals – Earned income tax credit
Jun 9, 2023
As it does each year, the IRS issued updates to certain procedural matters, in Rev. Procs. 2022-1, 2022-2, and 2022-3. The first one...
Current developments in taxation of individuals – Child tax credit
Jun 7, 2023
As it does each year, the IRS issued updates to certain procedural matters, in Rev. Procs. 2022-1, 2022-2, and 2022-3....
Bank deposits analysis upheld
Jun 5, 2023
The Tax Court approved the IRS’s application of the bank deposits method to establish the amount of a taxpayer’s additional...
Emotional-distress settlement denied exclusion treatment
Jun 2, 2023
A taxpayer could not exclude emotional- distress damages from gross income under Sec. 104 after being terminated from his employment...
Recent Posts
- IRS Raises Standard Mileage Rates for Remainder of 2026 July 27, 2026
- Roth IRAs: 6 Scenarios to Consider Before a Conversion July 23, 2026
- IRS Offers Gift Tax Safe Harbor for Contributions to Trump Accounts July 16, 2026
- Taxpayers Advised They Can Ignore CP53E Notice — After Verifying Error May 18, 2026
- IRS Finalizes Deduction Rules for Tips, Adds Eligible Jobs April 20, 2026