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Making Your Business Fly Above Section 183: Fair Skies Following Rabinowitz v. Commissioner

So-called "hobby-loss" cases have long created confusion for taxpayers and tax-planners alike. Though taxpayers attempt to carefully structure certain activities to avoid the hobby-loss restrictions of section 183, the Service frequently and often unpredictably disallows losses attributable to such activities. ...

Jeremiah B. Frueauf

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