Recent Tax Court Cases of Interest to Businesses
Court Determines that an Activity Was Engaged in for Profit Taxpayers who are in business to make a profit can generally deduct related expenses on their tax returns. If the IRS doubts a profit motive exists, it may deem an activity to… Read more »
Read Full Newsletter »Accounting Method of a Retirement Community Is Upheld in Court, Bookkeeper Must Pay Penalty After He's Found to Be a Responsible Person, Court Determines that an Activity Was Engaged in for Profit, Nursing Services Company Loses in Court, Recent Tax Court Cases of Interest to Businesses