The specialised court where deductions, valuations and penalties are argued before any tax is paid.
September 15, 2026 at 5:28 AM PDT
Maryland has asked a circuit court to review tax court rulings that invalidated its digital advertising tax, keeping a legal fight alive over a levy tied to education funding and more than $500 million already collected.
Senate Finance Committee questions for Jim Gadwood and Andrew De Mello could shape how the IRS handles audits, taxpayer privacy disputes, and court challenges under the Trump administration.
An art broker who spent a partner's unrestricted wire on a separate painting owed tax on the money in the year it arrived, the court held, because nothing at the time made it a loan or a deposit.
In Prezioso v. Commissioner, the Tax Court focused less on the size of the deductions than on the pattern of concealment, from home renovations to a boat and a Ferrari lease.
In Lewis v. Commissioner, the court rejected both the IRS's $53.4 million figure and the family's $156,000 claim, holding that state law and an avoided tax-reimbursement duty set the value.
In Beveled Edge Insurance, the court said the codified economic substance doctrine can strip a captive's tax benefits without erasing the whole arrangement, and left penalties on the table for trial.
A memorandum decision in Otay Project LP v. Commissioner shows how the IRS unwinds a partnership basis step-up it views as engineered mainly for tax deferral.
A Georgia land deal shows how the Tax Court keeps unwinding syndicated conservation easements, this time disallowing one donor's deduction entirely and slashing the other by 98%.
In Estate of Rowland, a late Form 706 that reported only an estimated total value failed to carry a deceased wife's unused exclusion to her husband's much larger estate.