Remedies Available for Disgruntled Taxpayers

Remedies Available for Disgruntled Taxpayers

John Alan Cohan, Attorney at Law

Cattle Today

Most of the problems with hobby loss audits involve people who have a history of losses in with their ranch, farm or horse venture. The IRS tends to say that the activity is not conducted as a business, so that the tax losses are disallowed. This can be a substantial tax payment for quite a few taxpayers.

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