Tax Court Allows Partial Deductions Despite Missing Records: Cohan Rule Saves Business Owner from Full IRS Penalty In a recent Tax Court ruling (Pak…
Tax Preparer Barred for Filing Fraudulent Returns A federal court in the Eastern District of New York has permanently barred a tax preparer and her…
June 2024 Declaration Keeps Marijuana Businesses Under Strict Tax Rules: No Business Deductions for 2025 Tax Season On June 28, 2024, the IRS…
What Couples Need to Know About Medical Deductions for Surrogacy In a recent private letter ruling (PLR 202505002, 1/31/25), the IRS clarified that in…
