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	Podcast:		Federal Tax Update Podcast
	Episode:		2019-09-03 No Horse, No Business
	Category:		Business
	Duration:		00:36:50
	Publish Date:		2019-08-31 11:28:42
	Description:		Current Federal Tax Developments for the week of September 3, 2019: No Horse, No Business Tax Court finds that taxpayer did not have a trade or business of raising/showing horses since she didn’t have a horse Tax Court rejects IRS’s “step in the shoes” theory for gifted partnership interest with interest from debt-financed distribution received by donor IRS accepts court’s revision of IRA beneficiary, surviving spouse allowed to treat IRA as her own Coffeehouse was not a §501(c)(3) charitable organization Notice of deficiency sent to addresses used on returns found to be sent to last known address Copyright 2019 Kaplan, Inc.
	Total Play:		0