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No Authority For How To Compute Housing Investment Exit Taxes

On June 30, 2023 Judge Peter B. Krupp if the Suffolk County Superior Court in Massachusetts issued a decision that may have far reaching consequences for affordable housing throughout the country. The case was Tenants’ Development Corporation v Amtax Holdings...
Tax Court Leaning Harder On The Little Guys In Hobby Loss Cases

Tax Court Leaning Harder On The Little Guys In Hobby Loss Cases

Two Tax Court decisions last month emphasize the wisdom of keeping separate accounts for your losing side gig.  Donald Swanson  had a charter fishing business. Susan & James Mercier played slots. In neither case were they able to establish that their activities...