TIGTA Pushes IRS To Crack Down On Hobby Loss Deductions

The Treasury Inspector General For Tax Administration (TIGTA) does not think the IRS has been aggressive enough in pursuing hobby loss cases. Section 183 "Activities not engaged in for profit" denies deductions in excess of gross income in the case of activities where there is no profit motive.  Between some experience and the reading of a lot of cases, it seems that the IRS is pretty active in that area, so it is not real pleasing to think that they will be getting even more active.  The TIGT...