Tax Court Leaning Harder On The Little Guys In Hobby Loss Cases
The issue is whether Swanson was taking people out on the fishing boat to make a profit or just for the halibut,
Month: July 2023
State Tax Policy One Year After the Dobbs Ruling
About one year ago, the US Supreme Court struck down the constitutional right to abortion in Dobbs v. Jackson Women’s Health Organization . Since then,…
Cutting IRS Resources and Punishing Honest Taxpayers
House Speaker Kevin McCarthy (R-CA) and President Biden recently agreed to cut back on some of the increased IRS funding enacted through last year’s Inflation…
Las Vegas And The Washington, DC Region Are Making Suckers’ Bets On Publicly Funded Sports Stadiums
Huge tax and other subsidies for sports facilities are almost never good ideas. But two new, and especially egregious, examples of how public funds can…
A Big Tax Case For The Supreme Court This Fall
SCOTUS will consider the taxation of unrealized income.
Prospects for “Moore” Damage to Our Tax Code
The US Supreme Court recently agreed to review the case of Moore v. United States . The question presented sounds dry and technical: “Whether the…
No Taxation Without Realization?
Charles and Kathleen Moore of Washington State view “income” differently. If we care about sustaining an efficient, fair tax code, we should all try to understand why.
The US Constitution, The IRS, And A Pen
This week on Capitol Hill and beyond.
Who’s On First On A Tax Return?
When filing jointly, the first name listed could mean more than you think.
Tax Filing, Adjusting, and Gaming
Could the government file your taxes for you?