No Gift Tax Applicable On Assets Distribution To Surviving Spouse Pursuant To Nonjudicial Agreement: US Tax Court

The US Tax Court has held that gift tax is not applicable…

US Tax Court Remands Back Collection Case To Consider Ability To Pay

The US Tax Court remanded the case for Appeals to reconsider petitioners’…

Assessee Not Liable To Be Taxed On Cancellation Of Indebtedness Income: US Tax Court

The US Tax Court held that the assessee is not liable for…

Settlement Officer Didn’t Abuse Discretion In Rejecting Offer-In-Compromise-Effective Tax Administration Based On Economic Hardship: US Tax Court

The United States Tax Court has held that the settlement officer (SO)…

US Tax Court Dismisses Case On Failure Of Dept. Prove Deficiency Notice Properly Mailed To Assessee

Just like Indian Tax Department, the US tax department has failed to …

Failure Of Assessee To Prove Business Activity, Tax Deduction Not Allowable: US Tax Court

The United States Tax Court has held that taxpayers/assessees have failed to…

Corporation’s Net Income To Be Considered As Taxpayer’s Income Even Though Not Received By Him: US Tax Court

The United States Tax Court has held that the corporation’s net income…

Owner Of Capital Interest In Partnership Be Recognized As Partner Regardless Of Participation: US Tax Court

The United States Tax Court has held that the owner of a…