Pages

▼
Showing posts with label Gross Valuation or Basis Misstatement. Show all posts
Showing posts with label Gross Valuation or Basis Misstatement. Show all posts
Thursday, August 21, 2025

Tax Court Rejects SCE’s Hail Mary Jarkesy Pass (8/21/25)

›
In Silver Moss Properties, LLC v. Commissioner , 165 T.C. ___, 1No. 3 (2025) (T.C. Dkt. No. 10646-21, here , at Entry # 109, GS [ here ])), ...
Friday, July 19, 2024

Tax Court Rejects Bullshit Grossly Overvalued Conservation Easement Claim (7/19/24)

›
In Corning Place Ohio, LLC v. Commissioner , T.C. Memo. 2024-72, JAT Google Docs  here  and GS here , the Court (Judge Lauber) denied a char...
Monday, April 22, 2024

Tax Court Rejects Another 2000 era Bullshit Tax Shelter and Imposes Accuracy Related Penalty (4/22/24)

›
In PICCIRC, LLC v. Commissioner , T.C. Memo. 2024-50, GS Dkt 4308-12, here , at #75 4/22/24 and GS here , the Court (Judge Gale) rejected th...
Saturday, February 24, 2024

Grossly Overvalued Conservation Easement Disallowed in Full and Gross Valuation Misstatement Penalty Applied (2/24/24)

›
In Oconee Landing Property, LLC v. Commissioner , T.C. Memo. 2024-25 (2/21/24), GS  here , the Court (Judge Lauber) denied the charitable co...
Tuesday, December 3, 2013

Supreme Court Applies 40% Penalty to Bullshit Basis Enhancement Shelters (12/3/13)

›
In  United States v. Woods , ___ U.S. ___ , 134 S. Ct. 557 (12/3/13),  here , the Court rejected procedural arguments and applied the speci...
Thursday, October 3, 2013

SCOTUS Blog on Woods Supreme Court Case on Basis Overstatement Penalty (10/3/13)

›
The SCOTUS Blog has a nice write up on United States v. Woods (Sup. Ct. No. 12-562), here , set for argument on October 9.  The case involve...
Thursday, February 28, 2013

Yet Another Bullshit Tax Shelter Bites the Dust (2/27/13)

›
We have yet another court rejection of a bullshit tax shelter.   Chemtech Royalty Associates LP et al. v. United States,  2013 U.S. Dist. 26...
Tuesday, February 26, 2013

Yet Another Bullshit Tax Shelter Bites the Dust (2/26/13)

›
In  Crispin v. Commissioner , ___ F.3d ___, 2013 U.S. App. LEXIS 3852 (3d Cir. 2013),  here , as had the Tax Court, the Third Circuit smacke...
Tuesday, November 20, 2012

IRS Chief Counsel Remarks Involving Tax Procedure (11/20/12)

›
Tax Notes Today published prepared remarks of William J. Wilkins, IRS Chief Counsel.  The prepared remarks are for the BNA Bloomberg Tax Pol...
Saturday, September 29, 2012

Substantial / Gross Valuation or Basis Misstatement Majority Rule Case (9/29/12)

›
I write this blog to advise readers of an important decision -- Gustashaw v. Commissioner , 696 F.3d 1124 (11th Cir. 2012), here , which con...