Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...

WASHINGTON (AP) — House Republicans released a budget plan Wednesday that sets the stage for advancing many of President ...

Taxpayers grossly overvalued a conservation easement deduction and failed to demonstrate reasonable cause for the overvaluation, the U.S. Tax Court held, affirming the IRS’s imposition of ...