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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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