
Some audits are about bad math (or bad records): The
taxpayer has one set of numbers and the government grades her. Others are more
complicated: The taxpayer has carefully structured one or more transactions to
reach a particular result; the
The Bankruptcy Code sets priorities for certain claims to help assure that they get paid. 11 U.S.C. § 507(a). A tax can qualify as an administrative expense, the second-highest priority,1 if it is
(i) incurred by the estate, whether…
The First Rule of Holes: When you’re in a hole, stop digging.
Wrentham House
is a 14,400 square-foot waterfront mansion in Newport, Rhode Island. David and
Candace Keefe purchased the property in 2000 for $1.35 million. Keefe v. Comm’r, Nos.…
On July 7, 2020, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) released its second advisory to financial institutions about detecting and preventing COVID-19 consumer fraud. The guidance provides financial institutions with 18 new red flag indicators to help…