Individual income taxation

The Tax Court holds that a Sec. 86 election was not made and would not have reduced the tax liability.

Payment to the taxpayer’s ex-wife was not alimony, as it would not have terminated upon her death under English law.

The Service’s narrowed request seeking unreported virtual currency transactions was made in ‘good faith.’

A taxpayer established that she never intended to be the primary obligor on the loan.

New rates are in effect through September 2018.

The definition of a ‘separate return’ subject to a Sec. 6013(b) election and its limitations extends only to married-filing-separately status, the Tax Court holds.