A recent Tax Court decision was reported that may be of interest to individuals potentially dealing with tax litigation. J. Frank Best, Certified Public Accountant and United States Tax Court Practitioner, works to stay current on all IRS decisions concerning tax litigation to ensure we are fully informed and prepared for our clients.
The United States Tax Court granted the IRS summary judgment in a couple’s challenge of their tax liabilities and of the IRS’s denial of their installment agreement request, finding no abuse of discretion since the couple failed to explain discrepancies in their reported assets despite being given several opportunities to do so.
ANTONIO J. AREDE AND GILVELY COALHO AREDE,
Petitioners
v.
COMMISSIONER OF INTERNAL REVENUE,
Respondent