A taxpayer and his spouse lost their argument in Tax Court and could not deduct passive activity losses (PALs) from several activities...

Rebuffing the IRS, the Tax Court found that a taxpayers’ ranching activities was an endeavor to be engaged in for profit. The taxpayer...

Coca Cola Company and Subsidiaries win a small victory in Court prior to the start of the New Year. The Tax Court, in a division opinion,...

Again the IRS has granted an extension relief for partnerships and certain other entities that missed new deadlines under the Surface...

The IRS released the 2018 optional use standard mileage rates used in the calculation of deductible costs in operation of an automobile....

Recapping on what the donor advised fund or DAF is, the IRS website states that, a donor advised fund is a separately identified fund or...

History Word Lesson: Bank Holiday Being in the Holiday Season, I would appreciate the moment to define a term used in the financial...

Today cryptocurrencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people,...

Primary Tax Benefits with Donor Advised Funds Recapping on what the donor advised fund or DAF is, the IRS website states that, a donor...

IT’S HERE!!! The Tax Cut and Jobs Act is officially here!!! My phone rang off the hook today, along with emails blowing up my inbox, and...