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Lesson From The Tax Court: Fake It Till You Make It

(TaxProf Blog) - Today’s lesson is how to win a valuation dispute with the IRS...I tell students that in real life, valuation is often open to dispute. That is because facts matter. And facts may often be disputed. Moreover, assumptions matter as well. And assumptions may often be questioned.


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Retirement Account Inflation Adjustments Issued for 2023 
(JofA) - The IRS issued the retirement account inflation adjustments for 2023, including the maximum contribution amounts for 401(k) plans and IRAs.

Blurring Lines with a Mobile Workforce Bring Your Own Device, Face Your Own Discipline? 
(CPA Journal) - In the realm of information technology, “Bring Your Own Device” (BYOD) is the practice of allowing employees to use personal technology devices such as laptops…

IRS Warns of Third-Party Employee Retention Credit Claims 
(CPA Practice Advisor) - These third parties often charge large upfront fees or a fee that is contingent on the amount of the refund and may not inform taxpayers that ...

Why New Jersey Doesn’t Let People Pump Their Own Gas 
(CNBC) - New Jersey is the only state in the U.S. that doesn’t allow customers to pump their own gas — anywhere. There’s always an attendant on duty to pump gas for customers at these full-service stations.

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