Representative Work

Representative Work: Hobby Loss

A client was audited, and the IRS asserted that the client's farm was not a true business.  The IRS denied all deductions and asserted a significant tax deficiency, with additional penalties and interest.  All reasonable attempts by the client's CPA to resolve this with the audit division proved fruitless.  We took the matter to appeal and obtained a total capitulation by the IRS, resulting in no adjustment to the client and an acknowledgement that the IRS had been overzealous in pursuing the taxpayer.

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