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Income tax

Feb 8, 2012

Tax — income tax — charitable deductions

11-2078 Rolfs v. CIR

Mar 28, 2011

10-2194 Cole v. CIR

Tax Income tax; fraud Where the taxpayer is an attorney specializing in business planning and tax matters, the Tax Court reasonably found that he committed fraud by funneling income into entities that lacked any business purpose. “The Coles also concealed assets by funneling income into multiple business entities that lacked any business purpose. The entities […]

Jan 26, 2011

09-3741 Beard v. CIR

Tax Income tax; statute of limitations An overstatement of basis can be treated as an omission from gross income, triggering a six-year statute of limitations. “[A] plain reading of Section 6501(e)(1)(A) would include an inflation of basis as an omission of gross income in non-trade or business situations. See Regions Hospital v. Shalala, 522 U.S. […]

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