Mayo Intensifies Treasury Reg Authority

The U.S. Supreme Court's recent decision in Mayo Foundation for Medical Education and Research v. United States , 131 S. Ct. 704, 178 L. Ed. 2d 588, 2011 U.S. Lexis 609 (2011), provided guidance, after several decades of litigation, on the degree of deference afforded to agency rules in general and...

SCOTUS Oral Argument: Does Overstated Basis = Omission from Gross Income?

Editor's Note: View blog discussion on this site of, and hyperlink to, the January 17th oral arguments before the Supreme Court : SCOTUS Showdown: Oral Arguments Heard in Home Concrete Case ... For some time now, the tax bar has been wringing its hands with frustration over when, and under what...