FICPA Podcasts

Federal Tax Update: Hobby Loss Deduction Problem

October 4, 2021

https://vimeo.com/620804972

https://www.currentfederaltaxdevelopments.com/podcasts/2021/10/3/2021-10-04-hobby-loss-deduction-problem

 

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

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