United States v. Asker the court held that where the restitution for tax loss ordered by the sentencing court for tax crimes was allegedly higher than the actual tax due, the district court had no authority to reduce the amount.
Tax
Bankruptcy Schedules: Schedule E
Before you can start filling out Schedule E, you’ll need to gather information about all of your priority debts. This may include taxes, child support, and other debts that are entitled to priority payment under the Bankruptcy Code. Make sure…
Update on Wartime Suspension of Limitations Act and Tax Crimes
Caveat: Although authored and published on 4/1/23, this blog is not an April Fool’s Joke. I have written before about the Wartime Suspension of Limitations Act (“WSLA”), 18 USC § 3287, here, that suspends certain criminal statutes of limitations while…
Section 501(c)(3) Dissected: IRS Issues Detailed Guidance on Exempt Purposes
TG 3-3 Exempt Purpose, Charitable IRC 501(c)(3). TG 3-3, a 59-page gem, provides guidance on, basically, the meaning of exempt purposes described in section 501(c)(3) of Title 26 of the Internal Revenue Code (“Code”). In this regard, section 501 of…
Texas Probate Law and Guardianship
By Jack Manhire
As people age, it may become increasingly difficult for them to manage their own affairs. When this happens, family members may step in to help, and in some cases, may even seek to become the legal…
Texas Mixed Beverage Taxes
By TL Fahring
Chapter 183 defines a “permittee” is defined as someone who holds one of the following permits under the Texas Alcoholic Beverage Code:…
When Distributions Aren’t Made According to the Will
By Bryan Fagan
This is a Case Study analysis on the facts of Patrick v. Patrick, as if it were to be decided today. It is not an analysis of the court’s holding in this case. Introduction Probate law governs the distribution of…
Ademption and Voluntary Partition in Texas Probate Law
By Bryan Fagan
Ademption and voluntary partition are two important concepts in Texas Probate Law that are often confused. Understanding the differences between the two concepts is crucial…
Smooth Estate Distribution with a Legal Will and Agreeing Recipients
By Jack Manhire
In Texas, the probate process can be relatively straightforward, especially when there is a legal will in place and all recipients agree on the terms outlined in the will. This was the case for our…
Does a Treaty Govern FBAR Reporting Obligations: A Federal Court Answers “Yes”
Much of the current litigation between taxpayers and the United States has centered on the definition of willfulness or whether…