The White House released a statement on February 8, 2018 that President Trump nominated Charles Rettig as the new Commissioner of Internal Revenue Code for the remainder of a five
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IRS Audits
Tax Court Allows Petitioner to Claim Unsubstantiated Deductions
By Fox Rothschild LLP on
The issue before the Tax Court in Huzella v. Commissioner, T.C. Memo. 2017-210, centered around a coin business on eBay, and whether the petitioner, Thomas Huzella, could substantiate his…
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Tax Court Denies Treaty Benefit to Canadian Post–Doctoral Fellow
By Fox Rothschild LLP on
In a case of first impression, the Tax Court held that the U.S.–Canada Tax Treaty (Treaty) did not exempt a Canadian citizen from U.S. income tax on the unemployment compensation…
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Managing the Money From Legalized Marijuana: Accounting Tips for the Cannabis Industry
By Fox Rothschild LLP on
Tax and accounting issues you should not ignore when setting up your cannabis business:
The Trouble With Cash-Based Businesses
- Internal Controls – any cash-based business is closely scrutinized by the