Deduct What You Love, With Hobby Losses

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Deduct What You Love, With Hobby Losses A hobby is a regular activity done for enjoyment at leisure.  STA is often asked; “Can I deduct my hobby losses?”  When an activity is not pursued for profit, limited “hobby loss” deductions are allowable under section 183(b) of the Internal Revenue Code.[1]  When calculating deductions, losses incurred
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Just Trust Me

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Just Trust Me A trust is an agreement where you manage property to benefit someone else.  In practice, a trust is a ten-dollar-to-fund strategy to transfer property to people you like while keeping it far away from the people you hate.  To break down the “trust,” please embark on a magical school-bus tour through its
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Internet Sales Tax

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Internet Sales Tax In South Dakota, v. Wayfair, Inc., the Supreme Court of the United States overruled the physical presence requirement established in Quill Corp. v. North Dakota (1992) and National Bellas Hess, Inc. v. Department of Revenue of Illinois (1967).[1]  The Wayfair case represents a historic change because it overturns 52 years of precedent;
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