Lashua v. Commissioner (T.C. Memo. 2020-151)

On November 9, 2020, the Tax Court issued a Memorandum Opinion in the case Lashua v. Commissioner (T.C. Memo. 2020-151). The primary issues before the court in Lashua were whether the petitioner had unreported retirement income, whether the petitioner was liable for additional tax under IRC § 72(t), and whether the petitioner received a valid notice of deficiency.  A further issue was whether the petitioner was completely full of shit.  Judge Marvel – 1, petitioner – 0. (more…)

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Leith v. Commissioner (T.C. Memo. 2020-149)

On November 4, 2020, the Tax Court issued a Memorandum Opinion in the case Leith v. Commissioner (T.C. Memo. 2020-149). The primary issue before the court in Leith was whether the petitioner is entitled to IRC § 6015(f) equitable innocent spouse relief to the extent of the tax items attributable to her ex-husband for the years at issue, even though her ex-husband (the intervenor) opposed the relief. (more…)

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Sharma v. Commissioner (T.C. Memo. 2020-147)

On October 29, 2020, the Tax Court issued a Memorandum Opinion in the case of Sharma v. Commissioner (T.C. Memo. 2020-147). The primary issue before the court in Sharma was what portion of the petitioners’ loss deduction from rental real estate activities claimed on Schedule E (Supplemental Income and Loss), is disallowed under the IRC § 469(a) and (i) limitations on the deductibility of passive activity losses. (more…)

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