Taxes October 2, 2026
Tax Court Forces Guitar Collector to Change His Tax Tune
The absolute necessity for accurate recordkeeping by both individuals and corporations cannot be overemphasized.
Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.