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Internal Revenue Code

Jun 5, 2012

US Tax Court: Indirect purchasers can’t get homebuyer tax credit

Taxpayers who purchased their home through their subchapter S corporation could not claim a first-time homebuyer credit when they filed their federal income taxes, the U.S. Tax Court has ruled in upholding a deficiency determination.

Dec 12, 2011

Tax Court rules widowed taxpayer not entitled to innocent spouse relief

A taxpayer was not entitled to “innocent spouse” relief when she learned of a substantial tax liability for a joint return filed after her husband’s death, the U.S. Tax Court has ruled in upholding an assessment of $25,000 for unpaid taxes.

Nov 21, 2011

Court rules tax on income from inherited IRA couldn’t be avoided

An unreported retirement distribution related to an inherited individual retirement account is taxable, regardless of the taxpayer’s maneuver to obtain the funds through a trustee-to-trustee transaction, the U.S. Tax Court has ruled in upholding a $13,600 deficiency assessment.

Nov 1, 2011

Tax Court: Father not entitled to tax exemptions for kids

Despite the terms of a couple’s divorce agreement granting a father the right to claim tax exemptions for his children, because the children spent more than half of the year living with their mother the father is not entitled to the deductions, the U.S. Tax Court has ruled.

Oct 3, 2011

Taxpayer can’t treat attorney fees as alimony, says U.S. Tax Court

A taxpayer could not deduct as alimony amounts paid for his former spouse’s attorney fees, the U.S. Tax Court has ruled in affirming a $5,600 deficiency assessment.

Sep 15, 2011

Freedom From Religion Foundation takes on tax law

MADISON, Wis. (AP) — The Freedom From Religion Foundation wants a federal tax provision that allows church ministers tax breaks on money spent on housing declared unconstitutional. The Wisconsin State Journal reports the Madison-based organization filed a lawsuit Tuesday in U.S. District Court in Madison. It claims the provision violates the Constitutional provision separating church […]

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