2026-09-14 The Picasso and the Income
This week we look at:
Final Regulations Restore the Car Loan Interest Deduction Under T.D. 10054
Fourth Circuit Affirms $2.9M Willful FBAR Penalty -- United States v. Rund
Tax Court Clarifies BBA Extension Mechanics -- Katanga Properties
Treasury Proposes Sweeping QOF Certification and Reporting Regulations
Proposed Regs Allocate Foreign Source Deductions Under Sections 250 and 904
Unrestricted $16.5M Art Deal Funds Are Taxable Income -- Tunkl v. Commissioner
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