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Horse Breeders V IRS: Even The Losers Win

Horse Breeders V IRS: Even The Losers Win

Originally published on Forbes.com. “Don’t go into the horse breeding business”  That is good advice.  You might modify it to something like ” Go into horse breeding to follow your bliss, but don’t expect to make money at it .  The way to...

Tax Season Therapy The Tweets Of Andrea Carr CPA

Do you think it’s a coincidence that Girl Scout cookies are sold during tax season? I think not . –  Andrea Carr CPA The tweeting of Andrea Carr CPA was one of the high points of this tax season, my fortieth and last.  I’m not done yet.  As hobbits...

How To Win An IRS Hobby Loss Audit

Originally published on Forbes.com. Taxpayers can and do win hobby loss cases and advisers can guide them in going into the game with a winning hand.  That’s my conclusion from a pretty deep dive into Code Section 183-Activities not engaged in for profit.  I...