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The Latest Breaking News from The Tax Court

The IRS wants to significantly increase UnitedHealth’s taxable income. Neither side will say by how much

The agency wants to raise the health giant's taxable income for four straight years. Neither side will say how much is at stake.

Ask the Tax Editor, August 7: Is It a Hobby or a Business?

Ask the Tax Editor, August 7: Is It a Hobby or a Business?

In this week's Ask the Editor Q&A, Joy Taylor explains the income tax differences between a hobby and a Schedule C business engaged in for profit.

Understand These Hobby Loss Rules to Reduce IRS Audit Risks

Understand These Hobby Loss Rules to Reduce IRS Audit Risks

The IRS will scrutinize tax returns reporting large losses from any activity that sounds like a hobby. Here is what you need to know.

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Coca-Cola To Pay $6Bn In Back Taxes While Appealing IRS Ruling

Coca-Cola maintains that the IRS and the Tax Court misinterpreted the regulations and believes it will succeed on appeal.

International Business Times

Selling Your Business? Personal Goodwill Can Cut Your Taxes

Careful planning around a bundle of rights known as goodwill can result in substantial tax savings when selling a corporation or company.

How to Earn Tax-Free Rental Income — Legally

An IRS rule can sometimes be used (but not abused) to claim tax-free rental income on your home.

Tax Court Filing Deadlines: Kiplinger Tax Letter

How broad is a U.S. Supreme Court case on Tax Court filing deadlines?

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IRS Self-Employment Tax Audits of LLC, LP Members Kiplinger Tax Letter

IRS Self-Employment Tax Audits of LLC, LP Members Kiplinger Tax Letter

Some LLC and LP members who don’t pay SECA taxes are on the IRS’s radar.

Pay Your Tax Debts if You Want to Keep Your Passport: Kiplinger Tax Letter

Pay Your Tax Debts if You Want to Keep Your Passport: Kiplinger Tax Letter

Are you applying for or renewing a passport? Be sure you’ve paid your federal taxes.

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