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- Title
Court Finds No Fraud in Bohannon.
- Authors
Lach, Kathleen M.
- Abstract
The article discusses the decision of the U.S. Tax Court in favor of Petitioners Frank and Julie Bohannon over allegations of fraud by the U.S. Internal Revenue Service (IRS). The IRS proposed adjustments on the Petitioners' income include self-employment tax liability, itemized deduction limitations and allowable Individual Retirement Account deductibility. The IRS was also precluded to rely on the Code Sec. 6501(c) statute of limitations exceptions, thus their proposed adjustments are barred.
- Subjects
UNITED States; TAX courts; TAXATION; FRAUD lawsuits; UNITED States. Internal Revenue Service; TAXATION of individual retirement accounts; LIMITATION of actions
- Publication
Journal of Tax Practice & Procedure, 2013, Vol 15, Issue 5, p19
- ISSN
1529-9279
- Publication type
Article