Avrahami v. Commissioner [Compliance Update]

On August 21, 2017, the United States Tax Court released its opinion in Benyamin Avrahami and Orna Avrahami v. Commissioner of Internal Revenue, and Feedback Insurance Company v. Commissioner of Internal Revenue.  The Court held that certain amounts paid to Feedback were not insurance premiums for federal income tax purposes.

CLICK HERE to read the full Compliance Update.