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2023-06-05 Hobby Losses Expenses Effectively Nondeductible

2023-06-05 Hobby Losses Expenses Effectively Nondeductible

FromFederal Tax Update Podcast


2023-06-05 Hobby Losses Expenses Effectively Nondeductible

FromFederal Tax Update Podcast

ratings:
Length:
67 minutes
Released:
Jun 5, 2023
Format:
Podcast episode

Description

This week we look at: Fourth Circuit does not agree with view expressed by Seventh Circuit in Menard, Inc. that C corporation reasonable compensation only depends on a reasonable return to investors Eleventh Circuit holds that “hobby loss” expenses under §183 are miscellaneous itemized deductions Elderly attorney had reasonable cause for failure to file payroll tax returns and timely pay payroll tax liabilities
Released:
Jun 5, 2023
Format:
Podcast episode

Titles in the series (99)

Federal Tax Update Podcast Series