I am a law professor at Liberty University School of Law in Lynchburg, Virginia. At Liberty, I teach taxation and other business related courses. I am an attorney and CPA licensed in Virginia.
As I tell my students, “tax is everywhere,” and I hope my posts will demonstrate that.
Tax Court Again Holds That 90-Day Deadline Is Jurisdictional
In a recent case, the Tax Court again considered whether the 90-day time period to file a deficiency petition in the Tax Court is jurisdictional in nature.
8th Circuit Includes Insurance Proceeds For Redemption In Estate Tax Valuation Of Closely Held Company
A recent case demonstrates the impact that a stock-purchase agreement and life insurance can have (or not have) on the value of a closely held company for estate taxes.
Bankruptcy Court Holds EITC Refunds Are Not Exempt From Creditors In Bankruptcy
The intersection of taxes and bankruptcy present interesting issues. A recent bankruptcy case demonstrated this by considering whether Earned Income Tax Credit refunds can be exempt from creditors in a bankruptcy proceeding. The case shows how the answer can depend on where you live.
Tax Court Holds That 90-Day Deficiency Petition Deadline Is Jurisdictional Requirement
A recent Tax Court case examines one of the key deadlines in tax controversy work—§ 6213, which provides 90 days to file a deficiency petition in the Tax Court.
Tax Court Holds Strict Compliance Needed For Charitable Contribution Deduction’s Acknowledgement Requirement
This case illustrates the importance of strictly complying with the substantiation requirements (including the contemporaneous written acknowledgement requirement) for a charitable contribution deduction under § 170.