Peter J Reilly

At the 0.2% rate your chance of no audits on 100 returns is 82% and the chance that you will never face an audit in a 40-year career is 92%.

Last month I reflected on the implications of the very low probability of tax returns being audited. My career started in 1979, and I remember the IRS being much more formidable.

The appeals of Ranch Springs and Beaverdam in the 11th Circuit promise to be exciting thanks to the extreme positions staked out by Judge Lauber and Jones Day.

President Trump's campaign promise of tax-free tips was partly fulfilled in the One Big Beautiful Bill.

There could be a significant marriage penalty for well tipped individuals who tie the knot. They each had a $25,000 limit, Now they share that much between them.

The litigation highlights the hazard of the laissez-faire approach for employers. On the employee side it illustrates the hazard of relying on your employer.

SLATs, GRATs and GRUTS, CLATs and CLUTs and CRATs and CRUTs, not to mention their cousins, NIMCRUTs and FLIPCRUTs

Judge Russo's ruling could be summed up as the Hoffs are heading towards being Floridians but really hadn't crossed over yet.

"This is where we are now—the Tax Court now tells taxpayers how to conduct their businesses to MINIMIZE tax benefits."