Tag Archives: Tax Court

Settlement of Accounting Malpractice Case Was Gross Income, Holds Eleventh Circuit

In McKenney v. United States, No. 18-10810 (11th Cir. Sept. 1, 2020), in a matter of first impression, holds that the settlement of an accountant malpractice lawsuit is includable in gross income, even if the alleged damages concerned the payment of federal taxes. The panel gives no credence to several items in the record thatContinue reading “Settlement of Accounting Malpractice Case Was Gross Income, Holds Eleventh Circuit”

Eighth Circuit Holds That Deadline Under 26 U.S.C. §6330(d)(1) for Filing Petition for Review in Tax Court Is Jurisdictional

In Boechler P.C. v. CIR, No. 19-2003 (8th Cir. July 24, 2020), the Eighth Circuit holds that the 30-day period under 26 U.S.C. § 6330(d)(1) for filing an appeal from an IRS determination in the U.S. Tax Court is jurisdictional. Under Article III, Section 1, Congress has the power to create and limit the subject-matterContinue reading “Eighth Circuit Holds That Deadline Under 26 U.S.C. §6330(d)(1) for Filing Petition for Review in Tax Court Is Jurisdictional”