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The Fine Points Of Claiming Charitable Deductions

A large part of my career was dedicated to full tax service for high net worth clients – a sort of family office lite.  The clients didn’t like the term family office though, so we didn’t use it around them.  One of the things we focused on was...
An Unusual Tax Court Hobby Loss Opinion

An Unusual Tax Court Hobby Loss Opinion

An opinion by Tax Court Judge Thomas Wells in the combined cases of Jessica Walters and her parents David and Jean Walters is unusual among hobby loss cases (Section 183). At stake was over $110,000 in tax and penalties for the years 2011 and 2012.  The issue was...