These are cases that have been featured on the Tax Court Update page.  If you haven't read them there and want to catch up. You still can.

Overstating basis doesn't extend three-year tax statute of limitations for assessment Beard, TC Memo. 2009-184

While the Tax Court earlier said a basis understatement doesn't "omit" gross income for purposes of extending the statute of limitations for assessing taxes, "netting" gains and losses does. Highwood Partners, 133 TC No. 1

Educational Expenses may not be deducted if they qualify you for a new position Ortega TC Summary Opinion 2009-120

Income from cancellation of indebtedness does not occur if the creditor received payment or assets of equal value from the debtor. In this case, the creditor repossessed a motor vehicle and sold it for less than it was worth. Taxpayer argued successfully that he did not have income from discharge of indebtedness because creditor received collateral of value equal to the unpaid debt. Martin TC Summary Opinion 2009-121

Claiming a exemption for a "qualifying relative" requires meeting all the tests. Newkirk TC Summary Opinion 2009-128

Taxpayers can't blame mistakes on their software (the Turbo Tax Defense) Hopson, TC Summary Opinion 2009-130

A tax lien arises at the time the assessment is made and continues until the liability is satisfied or becomes unenforceable. The validity and priority of the Notice of Federal Tax Lien is not conditioned on the taxpayer receiving a lien notice pursuant to section 6320 Estate of Brandon 133 TC No. 4

The Roth IRA is not an eligible S corporation shareholder Taproot Administratives Services, Inc. Tax Court Opinion 2009-9

A casual gambler can net gains and losses on a daily basis but must maintain accurate records LaPlante, Memo Opinion 2009-226

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