Tristan Navera

2 days ago | news.bloombergtax.com | Tristan Navera

A tax lawyer is on the hook for sanctions, as well as unpaid taxes and penalties, for making “frivolous” arguments about the government’s authority to collect tax, the US Tax Court said. Judge Jeffrey S. Arbeit fined Peter Joseph Gibbons O’Connor $2,000 under IRC Section 6673(a)(1) for repeatedly making “notorious” arguments, including by claiming he isn’t subject to taxation.

2 days ago | news.bloombergtax.com | Tristan Navera

Mortgage loan originator Norwich Commercial Group Inc. can claim a tax deduction for actions it took to correct an accounting error under the claim of right doctrine, the US Tax Court said. Judge Elizabeth A. Copeland said the company’s invocation of the doctrine was proper. Claim of right is a principle that a taxpayer must report earnings they’ve received without restriction as to its disposition, even if they are required to repay the money to its source.

2 days ago | news.bloombergtax.com | Tristan Navera

The US government is seeking authorization for the sale of one of 10 properties that is being sold to satisfy a New York woman’s debt of over $35 million in unpaid taxes and penalties. The government sued Charolette Morrison in 2023 after assessing income taxes for 2003 to 2010, plus fraud penalities for 2003 to 2006 because of her failure to file federal income tax returns “despite having earned substantial amounts of income,” according to the complaint.

6 days ago | news.bloombergtax.com | Tristan Navera

The IRS has incorrectly denied an Ohio metals manufacturer tax credits for its experimental work, the company says. Ferroglobe USA Inc. petitioned the US Tax Court over a $4.67 million tax deficiency in its 2018 tax year—the IRS disallowed an IRC Section 41 tax credit for increasing research activities of about $1.5 million that year.

6 days ago | news.bloomberglaw.com | Tristan Navera

A medical worker walks outside Mission Hospital in Asheville, North Carolina, U.S. Photographer: George Etheredge/Bloomberg May 8, 2025, 7:15 PM UTCCOURT: T.C.TRACK DOCKET: No. 6225-25 (Bloomberg Law subscription)A New Jersey acute care hospital says it will face insolvency if the IRS does not return Medicare reimbursement payments wrongly taken as part of a tax levy.