A California-based information technology professional is liable for more than $25,000 in understated income taxes and penalties after the U.S. Tax Court found Thursday that he failed to keep proper records of his entrepreneurial endeavor, one of many factors disqualifying claimed home office deductions.
Tax Court Assesses $25K For Man’s Biz Lacking Profit Motive
by usoftax_admin | Oct 26, 2023 | Tax News