Tag Archives: Tax


Did a taxpayer who understated gross income by overstating its basis in sold property make an “omission from gross income” subject to an extended six-year assessment period, and is a Treasury Department final regulation answering yes to that question entitled ...

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Medical residents are workers, not students, and therefore must pay federal income taxes on their wages. Mayo Foundation for Medical Ed. and Research v. U. S., No. 09-837.  Jan. 11, 2011. Lawyers USA No. 993-2570.

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Tax audit survival guide

Little can strike fear in the heart of a small business owner or law firm more than the words “IRS Audit.” But getting through the audit process may not be as painful as you may think, according to Internal Revenue ...

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