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Monthly Archives: November 2012
Consequences of Not Filing Go Beyond the Nonfiling Penalty
Practice & Procedures Recently, the Tax Court denied a taxpayer a deduction for a claimed theft loss because, even if he could prove that the loss had occurred, he had not filed a tax return for the year of … Continue reading
Posted in Taxes
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Facing the tax cliff
You can’t pick up a newspaper or go online this fall without seeing stories about the coming “tax cliff” or “taxmageddon”—the time at the end of this year when the current tax rates for income, capital gains, gifts, and estates … Continue reading
Posted in Taxes
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