Examlex
In order for a case to be handled in the U.S. Tax Court under the "small tax case procedures," the amount involved must be $25,000 or less for any one tax year.
Not Guilty
A legal declaration that an individual accused of a crime did not commit it, absolving them of criminal responsibility.
Act of Omission
A failure to take action when there is a duty to act, which may result in liability.
Crime
A wrong against society proclaimed in a statute and punishable by society through fines and/or imprisonment—or, in some cases, death.
White-Collar Crime
Nonviolent crime committed by individuals or corporations to obtain a personal or business advantage.
Q20: If the IRS revokes or modifies a
Q25: HMP Inc. reported the following information:<br><img
Q29: Jones has two separate businesses. Jones:<br>A) must
Q45: Max Murphey, a cash basis taxpayer, borrowed
Q58: A realized loss on the sale of
Q67: Dan Drew owned two shares of a
Q70: Steve Stromm transfers an office building with
Q74: Paul and Joan divorced in 2012. ftey
Q75: A practitioner who is an income tax
Q105: Capital gains and losses generally do not