Slide Deck

29 Slides available anytime
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IRC Section 183 Hobby Loss Rules

 
Many taxpayers think they have a business and think they are able to write off a number of expenses. However, the IRS does not always agree and frequently challenges a taxpayer’s business and related deductions under the theory that the business is nothing more than a hobby. This on-demand webinar will help you advise your clients how to properly document and substantiate a business and its related expenses to withstand the often scrutiny of the IRS.

Learning Objectives:
•You will be able to explain activities subject to Hobby Loss Rules.
•You will be able to review Safe Harbor.
•You will be able to discuss Section 183 limited deductions.
•You will be able to identify factors used to determine activity for profit or hobby.

Faculty

Adam S. Fayne

Adam S. Fayne

Saul, Ewing, Arnstein & Lehr LLP

Agenda

Faculty

Adam S. Fayne

Adam S. Fayne

Saul, Ewing, Arnstein & Lehr LLP

  • Former attorney with Internal Revenue Service
  • Frequently writes on international tax compliance matters
  • Represented hundreds of taxpayers with foreign income and assets
  • Frequent speaker discussing taxpayers duties to the United States while living abroad

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