1. Berry v. Commissioner — Who reports the S corp income
T.C. Memo. 2025-109 (Oct. 21, 2025)
The Tax Court said Andrew Berry owned half of his S corporation, Phoenix Construction & Remodeling, in 2016. Because of that ownership, he had to report half of the company’s unreported income on his return, even if he didn’t get the cash. The court also approved …
