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Current Federal Tax Developments · Dec 15, 2025
Unreported Income and the Missing Witness: An Analysis of Chernomordikov v. Commissioner
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Unreported Income and the Missing Witness: An Analysis of Chernomordikov v. C.... Worth reviewing for potential client impact.
Summary
For tax professionals representing clients with commingled funds and unfiled returns, the recent Tax Court decision in Chernomordikov v. Commissioner, T.C. Memo. 2025-129, offers a critical examination of the bank deposits method, the substantiation of Cost of Goods Sold (COGS), and the high evid...
Classification
Category: fyiPriority: importantReason: Contains 'court decision' - significant update
Affected Groups
All tax practitioners
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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