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

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