Current Federal Tax Developments

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2021-10-04 Hobby Loss Deduction Problem

October 03, 2021 by Ed Zollars, CPA

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

An audio version of this week’s update can be streamed or downloaded below:

The articles for this week’s update can be downloaded at:

2021-10-04 Current Federal Tax Developments

October 03, 2021 /Ed Zollars, CPA
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