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Articles by David Gair
In Innocent Spouse Tax Cases, How You Tell Your Story Matters | JD Supra
Read the full Bloomberg Law article or view it below. Republished with permission by Bloomberg Law. Married people who file their taxes jointly typically choose this option because of its tax advantages. But when a spouse commits a misdeed, you’re still jointly and severally responsible for the payment of taxes. But what happens when you’re innocent? A 2024 Tax Court case, Thomas v. Commissioner, demonstrates that the way you tell your story to the IRS matters. Innocent Spouse Provision In Thomas v.
In Innocent Spouse Tax Cases, How You Tell Your Story Matters
Married people who file their taxes jointly typically choose this option because of its tax advantages. But when a spouse commits a misdeed, you’re still jointly and severally responsible for the payment of taxes. But what happens when you’re innocent? A 2024 Tax Court case, Thomas v. Commissioner, demonstrates that the way you tell your story to the IRS matters. Innocent Spouse Provision In Thomas v.
Exxon’s Attempt to Create New Sale/Lease Tax Law Fails | JD Supra
The principal contention in the tax refund case of Exxon v. United States was whether certain mineral related transactions between Exxon and the countries of Qatar and Malaysia were sales or leases. Originally Exxon treated the transactions as leases on its tax returns. As a lease, Exxon’s income didn’t include the portion of oil and gas revenues it paid to Qatar and Malaysia as royalties.
IRS-Criminal Investigations Counts Down the Top 10 Cases of 2021 | JD Supra
“The investigative work of 2021 has all the makings of a made for TV movie – embezzlement of funds from a nonprofit, a family fraud ring that stole millions in COVID-relief funds and a $1 billion Ponzi scheme used to buy sports teams and luxury vehicles. But this is real life and I’m grateful to our IRS-CI agents for pursuing these leads and ensuring that the perpetrators were prosecuted for their crimes,” said IRS-CI Chief Jim Lee.
Guidelines for Protecting Privilege in Tax Cases | JD Supra
Lawyers, tax or otherwise, understand that privileged information must be protected to encourage a full and frank dialogue that might not occur without confidentiality.1 Tax information, in particular, contains some of the most private information for both individuals and businesses.
ExxonMobil Discovers That Amended Tax Returns Are Dangerous | JD Supra
In Exxon Mobil Corp. v. United States of America, from the United States District Court for the Northern District of Texas, ExxonMobil learned the hard way that filing amended tax returns can be very costly. Some of the reasons why an amended return is dangerous are below, but first to the case: ExxonMobil was involved in oil and gas ventures in Qatar and Malaysia, which for tax purposes were treated as partnerships and reported on the company’s consolidated tax returns.
Tax Scam Alert: The Distraint Warrant | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
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