38 min listen
2023-06-05 Hobby Losses Expenses Effectively Nondeductible
2023-06-05 Hobby Losses Expenses Effectively Nondeductible
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)
2022-05-02 A Problem with Management Fees by Federal Tax Update Podcast