by admin | May 27, 2025 | Tax
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...
by admin | Apr 21, 2025 | Tax
I have been resisting paying too much attention to AI. When I have fooled with a little bit, I have not been that impressed. Someone mentioned Grok to me, so I decided to give it a whirl. So there was one question I thought of asking that came up with a pretty...
by admin | Apr 20, 2025 | Tax
Tax Court Judge Albert Lauber’s recent opinion in Ranch Springs 164 TC No 6 may be the beginning of the end of the long battle between syndicated conservation easement promoters and the IRS. In 2024 the IRS won a long string of cases and they continued that...
by admin | Apr 12, 2025 | Tax
Lauren Crane is one of the founders of Bender & Crane, a five woman law firm that focuses on divorce. She made it a point to let me know that even though the team is all women, they represent both women and men. We were discussing tax returns and divorce and...
by admin | Mar 5, 2025 | Tax
Mandatory state paid medical and family leave programs (PMFL) have been generating federal tax confusion. In January of 2024, nine governors signed a letter asking the IRS for clarification and guidance. The IRS came through recently with Revenue Ruling 2025-4. ...
by admin | Feb 21, 2025 | Kent Hovind, Tax
Kent Hovind is back in the news. He has put out a plea to President Trump to have his 2006 case investigated as an example of Justice Department weaponization. Hovind would like total exoneration, punishment of the people involved in prosecuting him and return of...
