The U.S. Supreme Court has ruled that the $10,000 penalty for a nonwillful violation of the foreign bank account reporting rules in the Bank Secrecy act applies on a “per-form” basis, not a “per-account” basis, handing individuals an important victory.
Continue Reading U.S. Supreme Court Rules Against Government in FBAR Penalty Case
Following up our post earlier today that the Tax Court will resume receiving mail on July 10, 2020, the Tax Court has issued another announcement regarding its operations. Also beginning
Continue Reading U.S. Tax Court to Begin Accepting Hand Deliveries on July 10
Due to the COVID-19 pandemic, operations of the United States Tax Court have been severely impacted. The Tax Court’s building in Washington, D.C. has been closed since March 19, 2020,
Continue Reading Tax Court Announces Resumption of Mail Delivery
The United States Tax Court issued a press release today announcing that more trial sessions have been cancelled in light of the COVID-19 pandemic. All trial sessions through the end
Continue Reading Tax Court Cancels All Trial Sessions Through June 2020
The United States Tax Court announced today that in light of the growing threat posed by the coronavirus, it was cancelling the following upcoming trial sessions:
March 16, 2020: Hartford
Continue Reading Tax Court Cancels March 2020 Trial Sessions Due to Coronavirus
The United States Tax Court announced earlier this week that Chief Judge Maurice B. Foley has been re-elected and will serve another two-year term beginning June 1, 2020. His current
Continue Reading Chief Judge Foley Re-Elected Chief Judge of the United States Tax Court
I have written before about the battles being fought by cannabis businesses facing IRS examinations. IRS audits raise many issues for state legal cannabis businesses operating in violation of the
Continue Reading Tenth Circuit: No Fifth Amendment Defense to the Application of Section 280E
As part of its continuing guidance to taxpayers and practitioners about how its resumption of activities following the government shutdown is impacting pending matters, the Internal Revenue Service has published
Continue Reading IRS Publishes Frequently Asked Questions About Resumption of Tax Court Cases Following Shutdown
According to a notice posted on its website over the weekend, the United States Tax Court will reopen for business and resume full operations tomorrow morning, January 28, 2019. The
Continue Reading United States Tax Court Will Reopen on January 28, 2019
On December 28, 2018, at 11:59 p.m., the United States Tax Court closed its doors in light of the federal government shutdown, and has not reopened for business since then.
Continue Reading IRS Publishes FAQs Addressing Status of Tax Court Cases In Light of Government Shutdown