FICPA Podcasts

Federal Tax Update: Horses and Hobbies

December 2, 2019

https://vimeo.com/376414178

https://www.currentfederaltaxdevelopments.com/podcasts/2019/11/29/2019-12-02-horses-and-hobbies 

 

This week we discuss the following issues:

  • Commissioner rules that insurance payments for pyrrohite damage does not require Forms 1099
  • Horse business found not to be a hobby, losses allowed
  • IRS updates per diem rules for TCJA, following similar update for auto mileage rules