Supreme Court Case Could Jumble the Tax Code

Wall Street Journal: “The court will hear arguments in Moore v. U.S., which challenges a piece of the 2017 tax law that imposed a one-time levy on profits that companies had accumulated outside the U.S.”

“But its implications could reach much further, providing the justices an opportunity to define what Congress can tax under the Constitution — and what it can’t. The case, brought by a Washington state couple seeking a $14,729 refund, raises a seemingly simple question: Must income be “realized,” or received, before it can be taxed?”