Roger Russell

The New Jersey Tax Court denied Morristown Medical Center a property tax exemption because it did not operate like a non-profit.

Digital exposure is driving firms’ liability concerns

The District Court for the Northern District of Ohio denied a couple’s theft loss deduction for the worthless stock they acquired as part of a “pump and dump” scheme.

In a 5-4 ruling, the Supreme Court held in Obergefell v. Hodges that the 14th amendment requires all states to license a marriage between two persons of the same sex, and to recognize same-sex marriages validly performed out of state.

The King v Burwell decision by the Supreme Court, while leaving the status quo unchanged, nevertheless has elicited statements ranging from seasoned analysis to partisan diatribes on both sides of the issue that was litigated.

The Supreme Court, in a 6-3 decision, has upheld the tax subsidies under the Patient Protection and Affordable Care Act.

Two cases illustrate the effect that procedural rules—in these cases, statutes of limitations—have in determining the outcome of a taxpayer’s liability.

When taxpayers rent out a room on Airbnb, they may realize that any compensation they receive is subject to income tax. Lodging tax, however, is probably not on their minds.

The institute has recommended to the IRS that taxpayers making an accounting method change for mischaracterized research and experimental expenditures under Sec. 174 should compute a Sec. 481 (a) adjustment.

The House Judiciary Committee, through its Subcommittee on Regulatory Reform, Commercial and Antitrust Law, held a hearing Tuesday on nexus issues involving three bills before the Committee.

The Supreme Court has turned away a request for judicial review from a 55-year-old CPA who sued Baylor Law School for age discrimination after the school rejected his application.

Chuck McCabe, president of Peoples Income Tax and The Income Tax School, has some suggestions for independent preparers to stay on the “cutting edge” during the summer.

An after-action report on the 2015 filing season.

The Tax Court recently ruled against the IRS over what constitutes a “present interest” in a Crummey trust.

Bloomberg BNA releases its annual state tax survey

Members of NCCPAP, the National Conference of CPA Practitioners, made their views known to congressional staff and IRS officials during meetings in Washington D.C. last week.

The Supreme Court declined to hear a case involving a couple who owed more than $22,000 in unpaid taxes to the Internal Revenue Service, lost their case in Tax Court and then argued that the Tax Court violated the U.S. Constitution.

The Supreme Court struck down the state of Maryland’s practice of taxing a resident’s income that was earned and already taxed in another state without providing a full tax credit, ruling Monday that the practice violates the Constitution.

Lawmakers have introduced legislation that would provide a month-long safe harbor from income tax and withholding requirements for traveling employees and their employers.

Popular at times in the past, but perhaps out of favor more recently, QPRTs (Qualified Personal Residence Trusts) may be an idea whose time has returned.