The Tax Court recently held that a taxpayer's failure to timely file a petition for redetermination of a deficiency did not automatically result in a mandatory extension of time to file the petition. The court found that the taxpayer did not meet the requirements for an automatic extension and therefore the petition was untimely. This decision highlights the importance of understanding the specific requirements for filing a petition with the Tax Court.
The U.S. Tax Court held in Abdo & Farah v. Commissioner, 162 T.C. No. 7 (April 2, 2024), that the taxpayers were automatically entitled to an extension to file a petition with the court under section 7508A(d) by reason of the federal coronavirus (COVID-19) pandemic disaster declaration. In particular, the court found the regulations under section 7508A(d) to be invalid to the extent they limit non-pension related “time-sensitive acts that are postponed for the mandatory 60-day postponement period . . . [to] the acts determined to be postponed by the Secretary’s exercise of authority under section 7508A(a).” Read TaxNewsFlash
Read a May 2024 report* prepared by KPMG LLP tax professionals that discusses the Tax Court’s decision in Abdo.
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