AccountantsWorld Daily News Profit Motive Key in Hobby Loss Cases (JofA) - In Williams, T.C. Memo. 2018-48, after applying the nine-factor test the Tax Court held that a taxpayer had failed to prove that his consistently unprofitable ranching activity was engaged in for a profit. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Bittersweet Journey: Succession Planning and What You Need to Know (California CPA) - This article discusses handling the sudden death of a partner. Serena Williams Fines: At Least They Are Tax-Deductible (Forbes) - Athletes are operating a business, and a pretty big one at that. They usually have their own companies. But even if they do not, they can report taxes as the proprietor of a business on Schedule C. Top 5 Virtual Communication Apps for Remote Accountants (Going Concern) - If you like to work remotely, youâll need to use virtual communication apps to stay in touch with workers and clients, keep everyone on the same page, and ensure key benchmarks are being met on time. America is Now the World's Largest Oil Producer (CNN) - For the first time since 1973, the United States is the world's largest producer of crude oil, according to preliminary estimates published on Wednesday by the Energy Department. Money) - Taxation Profit Motive Key in Hobby Loss Cases Serena Williams Fines: At Least They Are Tax-Deductible Accounting/Audit Bittersweet Journey: Succession Planning and What You Need to Know The 10 Commandments of Marketing Your Practice Supreme Court Overturns Quillâs Physical Presence Requirement Business News America is Now the World's Largest Oil Producer Ben Bernanke, Henry Paulson & Timothy Geithner All Regret PR Failures of 2008 Crisis | TOP 5 MOST READ Vacation Home Rentals and the TCJA Journal of Accountancy 2018 Tax Software Survey Excel Add-Ins: How to Find and Use Them The Top 100 Most Influential People in Accounting The Basics of Inventory Accounting for Small Businesses TOOLS OF THE TRADE Financial Calculators Business Forms & Letters e-BREAKS The Funny Accountants | This is not unsolicited mail. As a part of our commitment to help accountants advance their practices we offer the widest range of the most useful tools and resources FREE to accountants. As a term of membership, you agreed to receive such communication. However, if you wish to unsubscribe to this service, please click on the unsubscribe link. Privacy | Click Here To Unsubscribe |Feedback © Copyright 1999-2011 AccountantsWorld LLC. 140 Fell Court, Hauppauge NY - 11788, USA. All rights reserved. |