In this live zoom video conference participants will learn about Section 183 “Activities not engaged for-profit” often referred to as the hobby loss rule. This has produced some fascinating case law that continues to be relevant today. We will discuss the nine factors that are used to assess the taxpayer’s intent and how the courts have evolved in the view of what satisfies the factors. After completing this course students will be able to discuss with clients how to be alert to hobby loss exposure, how to be prepared for an audit, and how to fight an audit when it happens. This program is group discussion friendly, and questions are encouraged during the presentation. Ideal for CPAs, EAs, CFPs, and Attorneys.
