Current Federal Tax Developments

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2019-12-02 Horses and Hobbies

Current Federal Tax Developments for the week of December 2, 2019: Horses and Hobbies

  • 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

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2019-12-02 Horses and Hobbies Ed Zollars, CPA (Kaplan Financial Educaton)

Articles with this week’s updates can be downloaded below.

2019-12-02 Current Federal Tax Developments