Wealth Strategies Journal

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Tag: Tax Court

Unavailable Appraiser Results in High Taxes for Taxpayer

A taxpayer ended up owing a lot more taxes when his appraiser didn’t show up at his hearing.  In Estate of Tanenblatt v. Comm’r, the taxpayer contested the high value used by the IRS of an LLC of which he had a 16.667% interest.  The taxpayer attached a second … Continue reading

Tax Court Finds Taxpayer Liable and Threatens Penalties for Frivolous Claims

The Tax Court held that a taxpayer was liable for unpaid taxes stemming from Social Security benefits and pension distributions and additions to tax for failing to to timely file a return.  The taxpayer argued that the IRS employee handling his case did not have proper authority to sign and … Continue reading