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Hobby Loss Deduction Developments In 2021

Hobby Loss Deduction Developments In 2021

Pedants object to referring to Code Section 183 – Activities Not Engaged In For Profit – as the “hobby loss rule”, because, strictly speaking it is not just about hobbies.  Besides being used against people who want to take deductions for...
IRS Automatic Notices Alienate Taxpayers

IRS Automatic Notices Alienate Taxpayers

If you want a good example of the harm that the brokenness of the IRS is causing, I have a story for you.  My brothers and sisters on #TaxTwiter could give you many more stories, but they really don’t have the time that I do.  I am going to make up a bit of the...