Category: Tax Planning & Compliance

Reading Time: 5 minutesYour commission check for the Chesterville Road closing landed on Thursday. The sale price was $300,000. Your side was 2.5%, with the broker split taken off the top. $5,250 hit your account by early afternoon.

Reading Time: 5 minutesStephanie Murrin signed her 1993 tax return in good faith, a fact central to the Third Circuit’s decision in Murrin v. Commissioner. Her preparer placed false entries on it. She did not know. The IRS later stipulated she had no intent to evade tax.