Tax Court In Brief | Scheider v. Comm'r | Deficiency For Unreported Income; Burdens Of Proof

• Published date: 17 October 2022
• Law Firm: Freeman Law
• Author: Freeman Law

The Tax Court in Brief - October 10th - October 14th, 2022

Freeman Law's "The Tax Court in Brief" covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose.

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Tax Litigation: The Week of October 10th, 2022, through October 14th, 2022

• Cochran v. Comm'r, 159 T.C. No. 4 | October 12, 2022 | Greaves, J. | Dkt. No 21002-16
• Clark Raymond & Company, PLLC v Comm'r, T.C. Memo. 2022-105 | October 13, 2022 | Gustafson, J | Dkt. No. 2265-19 (partnership intangible assets, substantial economic effect, capital accounts, distributions, tests for economic effect andTreas. Reg. ' 1.704-1)

Scheider v. Comm'r, T.C. Memo. 2022-104 | October 11, 2022 | Urda, J. | Dkt. No. 4048-20

Summary: Craig Schieder challenged a notice of deficiency issued by the IRS that determined a deficiency of $30,963 in his federal income tax for his 2017 tax year as well as an addition to tax under section 6651(a)(1) of $2,925. Schieder worked as a recreational vehicle (RV) salesperson for Colton Auto, Inc. (Colton), selling RVs manufactured by various companies. Schieder earned $139,448 from Colton, as well as assorted payments from several other companies...