Profit Motive | Wagner Tax Law

(952) 921-2101
contact@wagnertaxlaw.com

Category Archives: Profit Motive

Archive by category "Profit Motive"

no image found

January 29, 2022Ben WagnerCategories: Ben Wagner, Profit Motive, UncategorizedTags: california tax attorney, California tax lawyer, getting information from the IRS, Internal Revenue Service, iowa tax attorney, iowa tax lawyer, IRS attorney, IRS attorney minneapolis, IRS attorney twin cities, irs audit tax attorney, IRS Audits, irs california audit, IRS collections minnesota, irs examination, irs hobby case, IRS information, IRS tax attorney, irs tax lawyer, irs twin cities attorney, MDR, Metro Minnesota Tax Attorney, Metro MN Tax Attorney, Metro MN Tax Lawyer, minneapolis tax, Minneapolis Tax Attorney, Minneapolis Tax Firm, Minneapolis Tax Lawyer, Minnesota Department of Revenue audits, Minnesota domicile, Minnesota IRS Audit, Minnesota Tax Attorney, Minnesota Tax Lawyer, mn audit settlement, MN Tax Attorney, MN Tax Firm, MN Tax Lawyer, north dakota tax attorney, profit motive, profit motive case irs, profit motive irs, south dakota tax attorney, wisconsin irs issues, wisconsin tax attorney, wisconsin tax lawyer

A Sordid Tale of Donkeys and Horses: Tax Court Style – Part One

The following tale is the first in a two part series relating to a couple of recent decisions from t...

no image found

June 12, 2018Ben WagnerCategories: Ben Wagner, Profit Motive, U.S. Tax CourtTags: getting information from the IRS, Internal Revenue Service, irs business deductions, irs business tax case, irs hobby case, irs substantiation case, Metro MN Tax Lawyer, profit motive case irs, profit motive irs, st. paul tax, st. paul tax attorney, st. paul tax lawyer, tax attorney mn, tax lawyer mn, twin cities tax, Twin Cities Tax Attorney, Twin Cities Tax Lawyer

Winning A Tax Battle, But Losing the Tax War

A recent U.S. Tax Court decision in Barker v. Comm’r of Internal Revenue, T.C. Memo. 2018-67 exemp...

no image found

December 18, 2012Guest Contributor – Mike O'BrienCategories: Accounting, Audits, Income and Deductions, Profit MotiveTags: Audit, audit proving business expenses, business audit, business IRS audit, Code Section 162, continuity and regularity, credit card receipts to prove business expenses, Documentation, expenses for carrying on a trade or business, income tax audit, IRC Section 162, IRS Audits, Minnesota audit, Minnesota Department of Revenue audits, necessary business expenses, ordinary business expenses, profit motive, proving business expenses, receipts to prove business expenses, substantiation, trade or business expenses

Substantiating Business Expenses in Audits – Step Two: Proving a “Trade or Business” Incurred the Business Expenses

Substantiating business expenses is a common problem for many businesses going through an audit with...

no image found

November 22, 2011Guest Contributor – Thomas M. ReganCategories: Profit MotiveTags: Professional Gamblers

Professional Gamblers

In the State of Minnesota, many gamblers are interested in taking the extra steps to be treated as p...

March 13, 2009Guest Contributor – Mike O'BrienCategories: Profit Motive

Profit Motive: Activities Not Engaged In For Profit and "Hobby Losses"

Many taxpayers are fortunate enough to turn a hobby or an activity they are passionate about into a ...