2021-10-04 Hobby Loss Deduction Problem

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Manage episode 303729833 series 16567
By The Ohio Society of CPAs. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

This week we look at:

  • Congress is still working on the infrastructure and reconciliation bills
  • We get the Tax Court on record for the proper treatment of hobby loss deductions-that is, where they are reported
  • IRS to begin charging a fee on October 28 to issue closing letters to estates

Copyright 2021, Kaplan, Inc.

414 episodes