Briefing Underway in Ninth Circuit on Question of Mortgage Interest Deduction...
Last spring, the Tax Court held in Sophy v. Commissioner, that the limitations on indebtedness for the mortgage interest deduction are applied on a per residence rather than per taxpayer basis. The...
View ArticleBriefing Complete in Bergmann
The Bergmanns participated in a listed transaction promoted by KPMG, known as the Short Option Strategy. When the Bergmanns filed their amended return in March 2004, the IRS had already served KPMG...
View ArticleBriefing Complete in Sophy on Treatment of Mortgage Interest Deduction for...
The Government has filed its brief in the taxpayers’ appeal to the Ninth Circuit of the Tax Court’s decision that the mortgage interest deduction applies on a per residence rather than per taxpayer...
View ArticleWhen Characterizing Golfer’s Endorsement Income, Image Matters
As a follow-up to our posts on the Goosen case regarding sourcing of a golfer’s income from sponsors (see here), we provide this update on the case involving golfer Sergio Garcia. While they were not...
View ArticleDivided Ninth Circuit Reverses Tax Court in Sophy on Question of Mortgage...
We previously reported (see here and here) on the Ninth Circuit’s consideration of an appeal involving the mortgage interest deduction – specifically, whether the statutory limits on that deduction...
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