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IRS Liens To Be Enforced Against Glen Stoll’s Property

If you are really stubborn, you can hold out on paying the IRS for a really long time.  With luck, the statute of limitations on collection might bail you out. If the IRS does not collect within ten years of the time that it assesses a tax you are home free.  There...
Three Hobby Loss Developments And The Romanowski Judgement

Three Hobby Loss Developments And The Romanowski Judgement

We’ve had three decisions focused on Code Section 183, commonly known as the hobby loss rule, although the pedantic will point out that it actually concerns “activities not entered into for profit” be they hobby-like or not. We will take them in...