Emotional-distress settlement denied exclusion treatment
A taxpayer could not exclude emotional- distress damages from gross income under Sec. 104 after being terminated from his employment...
Proposed regs. provide rules for repatriation of intangible property
May 29, 2023
The IRS issued proposed regulations that would in certain cases terminate the continued application of Sec. 367(d) when intangible property...
The Inflation Reduction Act’s energy- and climate-related tax provisions
Mar 2, 2023
The Inflation Reduction Act of 2022, P.L. 117-169, represents a monumental and unprecedented investment in the adoption and expansion of...
Taxpayers can now submit information online in response to 9 IRS notices
Feb 27, 2023
Taxpayers and tax practitioners can now submit information online in response to nine notices rather than mailing the information, in...
Taxpayer’s charitable deduction for artwork donation denied
Feb 24, 2023
The Tax Court denied an art collector and dealer’s claimed charitable deduction for donated artwork because, it held, the taxpayer...
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