Monthly Archives: May 2012

TAX COURT NOT CHARITABLE TO TAXPAYER IN UPHOLDING IRS DISALLOWANCE OF DEDUCTION FOR CASH CONTRIBUTIONS TO CHURCH WHEN TAX CODE CONDITIONS NOT STRICTLY FOLLOWED

Posted on May 26, 2012 by taxpenaltylawyer

 The Internal Revenue Code (Code) does not treat income and deductions equally.  Generally, all economic benefits received by a taxpayer, not a gift, are includible in one’s gross income under Section 61 unless specifically exempted by anther Code Section.  Contrariwise, when … Continue reading →

Posted in COMPLIANCE, TAX, Uncategorized | Tagged , , , | Leave a comment

PLR SHOWS HOW TO SETTLE A MONTHLY ALIMONY OBLIGATION FOR A LUMP SUM PAYMENT WITHOUT ADVERSE TAX CONSEQUENCES

Posted on May 12, 2012 by taxpenaltylawyer

 The spouses had entered into a separation agreement (MSA) before 1985 which was incorporated into a final judgment of divorce, although not merged into the judgment.  The MSA provided that the husband would pay to the wife as alimony a … Continue reading →

Posted in ALIMONY, DIVORCE, TAX, Uncategorized | Tagged , , , , | Leave a comment

INNOCENT SPOUSE CASE OF THE MONTH – U.S. v. MARY ELIZABETH MILES, ET AL. (NO. CV 10-2398 CW., US. District Court, N.D. California, March 30, 2012)

Posted on May 6, 2012 by taxpenaltylawyer

This is another lower court case not particularly significant as precedent but having some interesting aspects and leaning value. The District Court granted theU.S.’s Motion for Summary Judgment in its suit to obtain a judgment against defendant Mary Miles’ in … Continue reading →

Posted in DIVORCE, DURESS, EQUITABLE RELIEF, INNOCENT SPOUSE, STATUTE OF LIMITATIONS, SUITS TO COLLECT TAX, TAX, Uncategorized | Tagged , , , , , | Leave a comment