Opportunities Exist to Identify and Examine Individual Taxpayers Who Deduct Potential Hobby Losses to Offset Other Income
Press Release
… Who Deduct Potential Hobby Losses to Offset Other Income Press Release May 4, 2016 … WASHINGTON - The Treasury … that the IRS can improve its methods for identifying high-income taxpayers who may be offsetting their income with … taxpayers in order to deter future non-compliance," he added. TIGTA recommended that the IRS: 1) make use of its …