A recent U.S. Tax Court decision in Barker v. Comm’r of Internal Revenue, T.C. Memo. 2018-67 exemp...
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...
Professional Gamblers
In the State of Minnesota, many gamblers are interested in taking the extra steps to be treated as p...
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 ...