by Leif Jensen | Aug 14, 2019 | Tax Court |
Surprise, collectors can’t get the market full value of coins seized by IRS, according to a federal court. During a home search, an IRS agent confiscated 364,000 presidential $1 coins that were rolled and boxed. After seizing the coins, the Service unpacked them and...
by Leif Jensen | Aug 13, 2019 | Tax Court |
Shocking news; reporting Schedule C losses and lots of other income is an audit red flag. Make it seem like the activity sounds like a hobby to cinch the deal. In a recent case, a pilot with substantial wage and pension income bought an antique fighter jet. He then...
