Innocent Spouse Relief After Mayo: Congress Strikes Back?

By David Shakow Following the Supreme Court’s decision in Mayo Foundation v. United States, in which the Court ruled that tax regulations receive deference from courts under the Chevron doctrine that applies to non-tax regulations, many commentators acknowledged the decision’s anticipated impact on disputes about the validity of tax regulations.  The new standard gives the … More Innocent Spouse Relief After Mayo: Congress Strikes Back?

Beard v. Comm’r: Basis Overstatement Is An Omission Of Gross Income

By Jonathan Prokup The Seventh Circuit handed the government a victory yesterday, deciding in Beard v. Comm’r that a taxpayer’s overstatement of basis can result in an omission of income under Code section 6501(e), thereby extending to six years the statute of limitations for the IRS to make an assessment, rather than the usual three.