Watch Out, Hobbyist Tax Cheats. The IRS On To You

This week, the Treasury Inspector General for Tax Administration (TIGTA) released its audit report of the IRS’s methods of addressing taxpayers who take business tax deductions for activities not engaged in for profit (i.e. hobbies). TIGTA found that the IRS can do a better job of identifying high-income taxpayers who […]

Original: Forbes Real Time

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