Taxpayers Win Tax Court Ruling in Cattle Case

Taxpayers Win Tax Court Ruling in Cattle Case

John Alan Cohan, Attorney at Law

Cattle Today

In a new Tax Court case, Freddie and Edith Stromatt won on the question of whether their cattle activity was to be treated as a business [T.C. Summary Opinion 2011-42]. This underscores the fact that an unfavorable result at the audit stage can be reversed if you are determined to fight it.

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