Whitsitt v. Cato IRS Agent et al.

Presented below is a roundup of significant tax cases from the last few weeks.      

Tax Court

  • Balocco v. Commissioner, T.C. Memo. 2018-108 (July 9, 2018): Judge Kerrigan found that personal aircraft maintenance expenses incurred by a “property flipper” were: (1) not ordinary or necessary expenses; and (2) were not properly substantiated by the taxpayer.