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...

The Supreme Court's Decision in Home Concrete

By Kimberly Stanley, J.D., LL.M. * In Mayo Found. for Med. Educ. & Research v. United States , 131 S. Ct. 704 (U.S. 2011) , the U.S. Supreme Court addressed a narrow tax issue involving medical residents and Social Security tax on wages. The issue was part of a larger discussionregarding the validity...

The Supreme Court's Decision in Home Concrete

By Kimberly Stanley, J.D., LL.M. * In Mayo Found. for Med. Educ. & Research v. United States , 131 S. Ct. 704 (U.S. 2011) , the U.S. Supreme Court addressed a narrow tax issue involving medical residents and Social Security tax on wages. The issue was part of a larger discussionregarding the validity...