Montana Pharmacy Paid Too Much Rent Says US Tax Court

Plentywood, MT has a pharmacy. The US Tax Court recently heard a case where a Montana pharmacy located in Plentywood, Montana, population 1,700, paid rent for a building owned by the same people that owned the pharmacy. While rent is typically a deductible expenses, that is not necessarily the case when the parties are closely…

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Defending IRS Audits on Bad Debt Deductions – Part 1 of 4: Overview

An area I have seen the IRS audit multiple times recently are bad debt deductions claimed on federal income tax returns under IRC § 166. This section provides a deduction for “any debt which becomes worthless within the taxable year.”[1] How a bad debt may arise. A typical example of a bad debt deduction is…

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North Dakota Supreme Court Ruling on Oil Post-Production Costs

Crowley Fleck’s Oil & Gas Practice Group has released its latest newsletter titled, 'North Dakota Supreme Court Ruling on Oil Post-Production Costs'.  Please contact one of our attorneys should you have any questions regarding this newsletter. North Dakota Supreme Court Ruling on Oil Post-Production Costs

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Montana Local Trade Board Denied Property Tax Exemption

The Montana Tax Appeal Board (“MTAB”) recently ruled against a local board of realtors in finding that the board of realtor’s building used for board of realtor events was not exempt from Montana property taxation.[1] The case is instructive of the burden of proof the property taxpayer faces and how tax statutes for exemptions are…

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Pro Bono Newsletter – Spring 2021

Crowley Fleck’s Pro Bono Practice Group has released its latest newsletter titled, ‘Pro Bono Newsletter - Spring 2021′. Please contact one of our Pro Bono attorneys should you have any questions regarding this newsletter. Pro Bono Newsletter - Spring 2021

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What To Do When Your Spouse Doesn’t Pay the Tax Bill – Part 2 of 2

In Part I of this article, we discussed factors the IRS considers in determining whether innocent spouse relief under IRC § 6015(f) will protect one spouse from the other spouse’s failure to pay federal income tax. In Part 2, we will review the obligations of a taxpayer to prove that the spouse qualifies for innocent…

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