from the tax update blog

Tax Roundup, 5/28/15: Tax Court doesn’t let auto dealer undo LIFO termination seven years later. And more!

May 28th, 2015

  You messed up, but you’re stuck with it. A California auto dealer decided to get off LIFO inventory. “Last-in, First-out” […]

Tax Roundup, 5/27/15: 104,000 taxpayers compromised by IRS transcript app breach. And: EITC is no free lunch!

May 27th, 2015

That took some work. The IRS disclosed yesterday that 104,000 taxpayer accounts have been compromised by identity thieves who did it […]

Tax Roundup, 5/26/15: It’s not always the onions that make you cry. And: beer taxes and other summer fun!

May 26th, 2015

Onions aren’t the only thing that will make you cry. An S corporation brokering onions tried to reduce its tax bill […]