Hobby Losses: The Tax Court Clearly Hates Kittens


Taxpayers can generally deduct ordinary and necessary expenses for conducting a trade or business or for the production of income.

Get access to this article and thousands more...

All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.


Subscribe to the Tax Pro Today newsletter
Register now for FREE site access and more
Player Template for http://www.accountingtoday.com