A Concrete Show for Brand X?

By David J. Shakow David J. Shakow is counsel in the Philadelphia office of Chamberlain, Hrdlicka, White, Williams & Aughtry and is professor emeritus at the University of Pennsylvania Law School. The Supreme Court's decision in Home Concrete raises new questions about the deference to be given to administrative pronouncements that conflict with prior judicial … Continue reading A Concrete Show for Brand X?

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

How Long Does The IRS Have To Audit Your Return?

By George W. Connelly People are always asking how long the IRS can wait from the time you file your return to conduct an audit of your income and expenses.  The simple, most definitive answer is "it all depends," so let's take a look at the rules. The time in which the IRS must conduct its … Continue reading How Long Does The IRS Have To Audit Your Return?