Money Languages

I was watching the WGN 6 at 6, and they had a quick topic on the 7 types of money languages.  Now I was surprised that I was unfamiliar with money languages to begin with, let alone 7.  So, I started looking into this and found that 7 was not the only or the...

Password Manager

I was reading a WSJ article about what happens if lost your phone and that was where you kept all of all of your passwords. Also, how much variation do you really have in your passwords.  Most people have a system that follows a natural progression and is not that...

Hobby Loss Rules

The Supreme Court’s 2024 decision in Loper Bright Enterprises v. Raimondo effectively overturned the Chevron deference doctrine, significantly impacting how all federal agency regulations, including those related to the “hobby loss” rules (Internal...

Hobby Loss Regulations

The Supreme Court’s 2024 decision in Loper Bright Enterprises v. Raimondo effectively overturned the Chevron deference doctrine, significantly impacting how all federal agency regulations, including those related to the “hobby loss” rules (Internal...

Business or hobby? The nine factor test.

Hobby vs Business; the 9 factor test Regs. Sec. 1.183-2(b) lists nine factors for determining whether a taxpayer engages in an activity for profit: 1. How the taxpayer carries on the activity. A tax preparer would first want to look for how the taxpayer handles the...

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