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'Quadrillion-dollar' tax case leaves Supreme Court justices exploring narrow resolution

The Supreme Court explored ways to narrowly resolve a major tax case during oral arguments Tuesday, with justices raising concerns about sweeping consequences if they fully adopt either side’s position. Specifically, the justices on Tuesday are weighing the constitutionality of a provision enacted as part of then-President Trump’s sweeping 2017 tax bill. But at the…
United States Charles Moore Justice Neil Gorsuch Elizabeth Prelogar Justice Brett Kavanaugh Kathleen Moore
Source: yahoo.com

Supreme Court raises concerns over tax law, how to interpret income

The Supreme Court struggled Tuesday over which side's argument would have the biggest consequences in a legal battle over a $15,000 tax bill that could potentially upend part of the 2017 tax reform law passed by Congress and signed by then-President Trump.
United States Elizabethb Prelogar Andrewm Grossman Justice Sonia Sotomayor Kathleen Moore Justice Elena Kagan

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"Dear IRS: Orangutan Hairs Are Legit!": Trump's Unique Mane Has Become A Key Visual Emblem Of His Business Brand « mykeystrokes.com

Dear Commissioner, As you know, our client is dying to share his tax returns with American voters before the upcoming presidential election. However, he has prudently chosen to wait until your agency has completed its unfair audit of his Form 1040 filings. Mr. Trump is offended and outraged that your inspectors have questioned several business…
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