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Cattle Farm With No Cattle Denied Farming Losses

(JofA) - The Tax Court holds that the activity was a hobby of the taxpayer despite his farming experience. The court examined Sheepdog Farms under factors outlined in Regs. Sec. 1.183-2(b) and case law to determine if Whatley engaged in a farm business with the objective of making a profit. The regulation's factors are:


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Supreme Court Won’t Hear New Hampshire’s Remote Workers Case. But This Tax Fight Is Far From Over 
(Forbes) - With the increase in work-from-home employees thanks in large part to habits formed during the pandemic, the issue of which state gets to tax the incomes of these workers is unlikely to go away.

California Town Settles Lawsuit over Controversial Fred Flintstone House 
(USA Today) - Fred Flintstone fought the law – and he won. Technically, the owner of the fanciful Flintstones house in a posh San Francisco suburb settled a lawsuit with the town of Hillsborough. But the agreement will allow Fred and his friends to remain.

Supreme Court Leaves CDC Eviction Moratorium in Place 
(AP) - The court on Tuesday rejected a plea by landlords to end the Centers for Disease Control and Prevention moratorium on evicting millions of tenants who aren’t paying rent during the coronavirus pandemic.

Court Allows for Pre-Enforcement Challenges vs IRS 
(Accounting Web) - Taxpayers and those subject to IRS enforcement are often stymied in their efforts to prospectively challenge IRS regulatory actions.

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