Johnson City, TN
Estate planning Lawyer at Johnson City, TN
Practice Areas: Estate Planning, Tax, Probate
OUTCOME: For Taxpayer
Hobby loss/horse farm case. Taxpayer claimed losses associated with horse farm. IRS disallowed as hobby loss. After trial, US Tax Court sided with taxpayer and held that losses were allowed. COurt held ... : primary purpose and dominant hope and intent of making a profit.
OUTCOME: For Taxpayer
Innocent Spouse case- Court held in favor of Taxpayer: Consequently, we hold that respondent (IRS) abused his discretion in denying petitioner’s claim for relief under section 6015(f) for the portion ... of the capital gains, mortgage interest, and charitable contributions items allocable to petitioner.
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