U.S. Tax Court Upholds Deficiency Determination, Denies Business Deductions for Lack of Substantiation

The U.S. Tax Court held that a taxpayer was not entitled to claimed business expense deductions and was liable for additions to tax, sustaining the IRS’s deficiency determination. Taxpayer, an …

The U.S. Tax Court held that a taxpayer was not entitled to claimed business expense deductions and was liable for additions to tax, sustaining the IRS’s deficiency determination. Taxpayer, an engineering professional, worked multiple jobs in 2018, i… [400 chars]

Source: Bloomberg Tax News | Published: 2026-06-01T17:29:17Z

Credit: Bloomberg Tax News