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How To Win An IRS Hobby Loss Audit (Forbes) - Taxpayers can and do win hobby loss cases and advisers can guide them in going into the game with a winning hand. That's my conclusion from a pretty deep dive into Code Section 183-Activities not engaged in for profit. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Medicare 101: Coaching Your Clients about Medicare Coverage (CPA Practice Advisor) - Thousands of baby boomers turn 65 each day and become eligible to join the millions of Americans already enrolled in Medicare, our national health insurance program for older people. IRS to Stop Faxing Tax Transcripts (Accounting Today) - The IRS noted that tax transcripts have become increasingly vulnerable as criminals impersonate taxpayers or authorized third parties. Identity thieves use tax transcripts to file fraudulent returns for refunds... 5 Ways Accountants Can Effectively Utilize Big Data (Accounting Web) - Simply put, âbig dataâ refers to large sets of data and information in which valuable insights can be pulled by external analysis. Taxpayers Did Not Properly Notify IRS of Address Change, the Tax Court Holds (JofA) - Despite the taxpayers' use of their new address on a power-of-attorney form and extension request, the IRS properly sent deficiency notices to their old address, and the taxpayers' petition to the Tax Court was ruled untimely. Taxation Accounting/Audit Business News |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Bill Gates and Warren Buffet at Dairy Queen   |