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(336) 433-9997
  • About
  • Tax preparation
    • Enrolled Agents
    • Tax Advisors
    • Tax Preparation Checklist
  • IRS Audits
  • IRS Collections
  • Testimonials
  • Contact

Tax Resources

Hobby Farm or Actual Business?

Tax ResourcesBy Swaim AssociatesJuly 1, 2020

April 9, 2020 | Guest Blogger Robert M. Swaim Several years ago I had a client who entered into the business of breeding horses for the purpose of sale at a profit. The IRS audited his return and declared his horse farm to be a “hobby” rather than a business and disallowed his farm loss…

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