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IRS ESTATE TAX DISPUTE
- In 1997, a US appeals court ruled in an estate-tax battle involving a 657-acre Texas farm valued at $650,000 and three other properties; here's what happened
He wrote $464,000 in checks before his father's death; the IRS later challenged the gifts- IRS Form 1040: How to check if you qualify for a tax credit and how much you could get
- In 2024, a US court ruled on an ownership dispute involving two properties sold for $10,200 after a tax-deed transfer; here's what happenedIn a decision in Thomas DeCola v. Matt H. and Anne L. Sheafer, the appeals court rejected Thomas DeCola's arguments. It stated that the tax...14 Oct, 2026, 10.55 PM IST
- IRS $4,427 tax credit in 2026: Who qualifies, income limits and how to claim itEligible US taxpayers could qualify for an IRS Earned Income Tax Credit of up to $4,427 in 2026. Find out who qualifies, the income limits ...14 Oct, 2026, 02.54 AM IST
- IRS is not sending $4,427 payments right now: When eligible taxpayers can claim the 2026 EITCThe IRS has set the maximum Earned Income Tax Credit at $4,427 for 2026 for eligible workers with one qualifying child. The IRS set these a...14 Oct, 2026, 01.34 AM IST
- In 2000, Allen Paulson left behind $193 million fortune, unpaid taxes, family inheritance fight led US authorities to pursue his heirsPaulson died on July 19, 2000, leaving behind an estate valued at $193.4 million for federal estate-tax purposes. Most of his assets were h...13 Oct, 2026, 10.50 PM IST
- In 1942, a woman inherited property worth $33,650, its value rose to $95,000, then a mother-son ownership arrangement triggered a US estate-tax disputeThe dispute reached the US Court of Appeals for the Fourth Circuit, which ruled on November 1, 1967, in favour of the Internal Revenue Serv...13 Oct, 2026, 09.28 PM IST
- Commuting to work? A $340-a-month pre-tax benefit could reduce your 2026 taxes, and your employer may already offer it to you right nowGetting to work just got a little cheaper. The IRS raised the monthly pre-tax transit cap to $340 for 2026. That lets workers set aside $4,...13 Oct, 2026, 09.27 PM IST
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...12 Oct, 2026, 11.39 PM IST
- Why a raise may not push you into a higher bracket in 2026: The IRS inflation adjustment trick that many taxpayers still overlook todayWhen you get a raise, it is easy to worry that a bigger paycheck will push you into a higher tax bracket and leave you with less money. For...12 Oct, 2026, 08.46 PM IST
- Married couples, take note: The $32,200 standard deduction in 2026 could shrink your taxable income before you even start itemizing nowThe Internal Revenue Service (IRS) announced tax adjustments for 2026, incorporating annual inflation updates alongside changes made under ...12 Oct, 2026, 06.49 PM IST
- Give without paying gift tax: The $19,000 annual exclusion is unchanged for 2026, and it lets you move money without gift tax this yearThe IRS announced major tax changes for 2026. Standard deductions increase to $16,100 for single filers and $32,200 for couples. The gift t...09 Oct, 2026, 11.11 PM IST
- In 2005, a US couple sold their farm during bankruptcy, IRS sent them a tax bill, Supreme Court settled who paysThe case, Hall v. United States, involved Lynwood and Brenda Hall, who filed for bankruptcy under Chapter 12 of the US Bankruptcy Code in A...09 Oct, 2026, 08.22 PM IST
- In 1977, US couple swapped apartment building, transferred property to a partnership the same day: Why a court told IRS their tax break staysThe US Court of Appeals for the Ninth Circuit upheld the decision in favour of Norman J. and Beverly G. Magneson in February 1985, rejectin...09 Oct, 2026, 11.00 AM IST
- In 1972, US investor received property, agreed to swap it same day, IRS challenged his tax treatment: Why court couldn't tax the exchangeThis case involves Joseph R. Bolker and his property called Montebello. Things got complicated and the issue eventually went all the way to...08 Oct, 2026, 09.01 PM IST
- 'Honey please I need you...': Kimberly Guilfoyle reportedly asked Trump donor Eric Deters to pay off her $100,000 AmEx billKimberly Guilfoyle allegedly approached Republican donor Eric Deters for financial assistance ahead of her Senate hearing. She requested $1...08 Oct, 2026, 07.51 AM IST
- In 1979, Oregon family sold 1,843 acres, IRS demanded tax, then mostly lost: How a ruling changed tax-deferred property exchangesBack in 1967, an Oregon family's sale of their 1,843 acres of timberland sparked a major dispute with the IRS. The case ended up in the Nin...08 Oct, 2026, 01.19 AM IST
- Own a rental property in 2026? You may be able to deduct property taxes - here’s what the IRS saysRental property tax deduction 2026: If you own a rental property in 2026, property taxes may be deductible as a rental expense. But the amo...07 Oct, 2026, 04.28 AM IST
- Estate tax exemption for 2026 is $15 million: Here’s what families need to know about the IRS rules and $19,000 gift limitThe 2026 estate tax exemption is $15 million, while the annual gift tax exclusion remains $19,000 per recipient. Here’s what the IRS rules ...06 Oct, 2026, 04.38 AM IST
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