Notice 2019-07 250 Hour Requirement – What It Means And How To Meet It
Regardless, I would recommend that it is worth going to the trouble of complying. There are different approaches to representing taxpayers at audits. One guy I know goes with a hostile combative style. Some attorneys will adopt a litigation posture, forgetting that it is the client that has the burden proof.
My approach is that I am working with my fellow accountant who just happens to have a government job to arrive at the correct answer. Of course, I know that the correct answer is “no change”. My brother or sister accountant, verging on becoming my new BFF, just needs a little help to see that. Lavishing attention on something that is easy to get right helps in the process. That’s my theory anyway and, knock on wood, I’ve done pretty well over the years.
So ask your vendors for hours (not including drive time) and ask your real estate management company if they will provide you with a “Notice 2019-07 Compliance Report”. It’s going to be a thing. I’m sure of it.
Here Is The First Post On A 2019 Tax Court Decision
The name of the petitioner is, of course, public record and you can easily find it, but it is one of those cases where I figure the taxpayer does not need me to help him be more famous so I will call him Joe. The case is pretty much a mess and I would normally skip it, but I figure my readers must also be suffering from Tax Court Withdrawal Syndrome.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.