United States v. Foster Lumber Co., Inc.

The Supreme Court upheld the Mandatory Repatriation Tax (MRT).

The Court held that a corporation's contractual obligation to redeem shares is not necessarily a liability that reduces a corporation's value for purposes of the federal estate tax.

The Court held that when the Internal Revenue Service issues a summons in aid of collecting a tax liability, the exception to the notice requirement in 26 U.S.C. § 7609(c)(2)(D)(i) applies even if the delinquent taxpayer has no legal interest in the accounts or records summoned.

In a unanimous decision by the court, they ruled that 30 day timeline is non-jurisdictional and is protected by equitable tolling.

The Court held that a suit to enjoin IRS Notice 2016–66 did not trigger the Anti-Injunction Act even though a violation of the notice may have resulted in a tax penalty.

The court held that a railroad's payment to an employee for working time lost due to an on-the-job injury is taxable "compensation" under the Railroad Retirement Tax Act.

The court held that employee stock options are not taxable "compensation" under the Railroad Retirement Tax Act because they are not "money remuneration".

In a dispute over Affordable Care Act provisions, the Court upheld the payment of premium tax credits to qualifying persons in all states, including those with exchanges established by the Department of Health and Human Services rather than by a state.· AI-written

The court held that severance payments to employees who are involuntarily terminated during a Chapter 11 bankruptcy proceeding are taxable wages under the Federal Insurance Contributions Act.

The court held unanimously that a district court has jurisdiction in the application of the Internal Revenues Service Code to a partnership-level proceeding when it is applied to that partnership.

The court held that a foreign tax is creditable against United States income taxes when the tax would be an income, war profits, or excess profits tax if it had been enacted in the United States.

The court held that overstating the value of property sold in order to understate the profit made from the sale does not trigger the extended statute of limitations for the IRS to challenge the seller's tax forms.

Concerns refunds for a tax that was levied and subsequently found to be unconstitutional.

The court held that investment advisory fees generally are subject to the 2% tax-deductibility floor when incurred by a trust.

The court held that the Tax Court is the exclusive forum for judicial review of claims about interest abatement under the Internal Revenue Code.

The court held that a trust that has missed 26 U.S.C. §7426(a)(1)’s deadline for challenging a levy may not bring the challenge as a tax refund claim under 28 U.S.C. §1346(a)(1).

The Supreme Court held when a taxpayer's recovery constitutes income, the taxpayer's income includes the portion of the recovery paid to the attorney as a contingent fee.

The Court held a spouse in a tenancy by the entirety possesses an individual right in their own estate to the level to constitute "rights to property" for the purpose of a lien.

The Court held that an affiliated group's product liability loss must be figured on a consolidated, single-entity basis; a conglomerate cannot aggregate the product liability loss of its subsidiaries and report that sum as its product liability loss.

The court held that wages are to be taxed on the year they were actually paid.

The Court upheld IRSTooltip Internal Revenue Service regulations limiting how taxpayers could write down inventory value.

The Court held that the title owner that acquired depreciable real estate as if the owner were a mere conduit or agent was indeed the owner and, for Federal income tax purposes, had the legal right to take tax deductions associated with depreciation on the building.

The Court held that the Internal Revenue Service has exploratory as well as investigatory powers; the Service may issue a summons when the name of the taxpayer is unknown.

The Court held that, under the accrual method, taxpayers must include as income in a particular year advance payments by way of cash, negotiable notes, and contract installments falling due but remaining unpaid during that year.

The Court ruled for the IRS and denied a taxpayer's claimed deduction on money he borrowed to buy a tax-deferred annuity.· AI-written

The Court held that a taxpayer generally must pay the full amount of an income tax deficiency assessed by the Commissioner before challenging its correctness in a federal district court refund suit.· AI-written

The Court held that a taxpayer generally must pay the full amount of an income tax deficiency assessed by the Commissioner before challenging its correctness in a federal district court refund suit.· AI-written

The Court considered whether taxpayers' payment of a judgment against a corporation they had earlier liquidated was an ordinary business loss, and held it was a capital loss, agreeing with the Second Circuit.· AI-written

The Supreme Court ruled that because the man had complete control of the money, his tax payment was correct and he could not get a refund—though he could still claim it as a loss on a subsequent tax return.

The Court held that lump sums paid in advance by publications to non-resident aliens are taxable income under the Revenue Act and are indistinguishable from "royalties" paid over time within the meaning of that Act.