Examines the U.S. Tax Court case involving microcaptive in Patel v. CIR, 165 T.C. 10 (Nov. 12, 2025) where the 40% penalties were assessed.

There's no telling how much Linda Taff has spent trying to lose weight. The 56-year-old from Sapulpa went on diets regularly for more than 40 years trying to shed extra pounds. Now she's finally done ...