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 Tax Court held that an attorney wasn’t entitled to business expense deductions beyond those allowed by the IRS because he failed to show that they were ordinary and necessary to carrying on his law practice; the court also sustained an addition to tax for failure to timely file a return and upheld an accuracy-related penalty.
RICHARD A. CANATELLA,
Petitioner
v.
COMMISSIONER OF INTERNAL REVENUE,
Respondent