From the May, 2016

Funding Your Trust

One of the fundamental concepts of a trust is control; control over how the trust assets are used and for what purpose. But no control can be exercised unless assets are transferred to the […]

The Hobby Loss Rule in the News Again

The Hobby Loss Rule is a presumption long relied on by the IRS to disallow expenses claimed by taxpayers who show losses on their Schedule C. A recent report from the Treasury Department’s Inspector […]