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Tax Court Calls Bluff on Hedge Fund’s Basket Option Contracts
30 Apr 2025 07:49 GMT
… the IRS’s determination.
The Tax Court held that the ‘option’ form … period was not met.
Other Rules Affecting Basket Contracts
The IRS … back on its regulations and rules on basket contracts. In 2015 … the 11th Circuit and the Tax Court each held that IRS notices …
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Captive Insurance Update | Issue 1 | 2025
01 May 2025 21:47 GMT
… Supreme Court’s 2024 ruling in Loper Bright Enterprises … coming years.
United States Tax Court Sustains IRS Deficiency Determinations … necessary business expenses. The Tax Court sustained the IRS’s … Swift decision above, the Tax Court reasoned that there was …
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Hobby Loss Rules Revisited
23 Apr 2025 18:00 GMT
…
Background
The “hobby loss” rules were originally contained in Code … The Tax Court treated that fact as neutral—neither determining nor ruling out … subject to the hobby-loss rules. Additionally, the ODOR asserted, … review of the hobby-loss rules is in order. It …
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VAT Victory: Tax Court Sides with Legal Practitioners’ Fund in R150m Showdown with SARS
14 Apr 2025 19:22 GMT
The Tax Court has handed down a pivotal … professional indemnity insurance premiums.
The ruling is a major win for … : SARS Gets It Wrong
The Tax Court found in favour of the …
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Tax Court Rules Intra-Family Loan Wasn’t a Gift
26 Mar 2025 17:16 GMT
… Service. The recent U.S. Tax Court decision on motions for summary … ). While this is a welcome ruling, there are issues related to … and Stephen signed what the Tax Court described as a “simple note …
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BIR’s P5.76 billion case vs cigarette ring moves to tax court
25 Mar 2025 19:00 GMT
THE Bureau of Internal Revenue (BIR) yesterday said the Department of Justice (DOJ) has ruled in its favor in a P5.7 billion tax evasion case against an illegal cigarette operation.
The tax bureau said the DOJ filed criminal information before the Court of …
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N.J. Appellate Division Affirms Tax Court, Denies Taxpayer’s Statute of Limitations Argument Regarding Responsible Person Tax Liability
26 Feb 2025 02:05 GMT
… . A-3116-22), affirming the tax court’s holding that the state … person. Although the Appellate Division ruled against the appellant on the …
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Tax Court In Brief | Donlan v. Commissioner, 164 T.C. 3| February 19, 2025| Buch, J. | Dkt. No. 16759-24
25 Feb 2025 05:06 GMT
… dismiss, and concluded that the Tax Court Rules of Practice and Procedure do … of Law:
Tax Court rules addressing the allowance of electronic signatures:
Tax Court Rule of … information. In sum, the Tax Court’s rules “deem a taxpayer’s name …
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Tax court voids BIR’s P355.48-M assessment on cement company
25 Feb 2025 02:27 GMT
… tax court’s Second Division, in a decision promulgated on Feb. 14, ruled … the] petitioner,” the 22-page ruling penned by Associate Justice Ma … prescribed,” it added.
The tax court also noted that internal revenue … of the return.”
In ruling in favor of the cement …
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Tax Court says no hiding from CRA
23 Feb 2025 15:14 GMT
… Canada Revenue Agency, the Tax Court has ruled.
Blacklock's Reporter … “one of the foundational rules of Canadian income tax … assets, which the court ruled demonstrated “neglect or carelessness,” … a 2014 case, the Tax Court upheld a reassessment dating back …