Tax news of interest to investors came mainly from the courts this week, though the IRS gave paid tax return preparers something to groan about. (more…)
Archive for the ‘Trader Taxation’ Category
Friday Wrapup
Friday, July 23rd, 2010Part-Time Gambler Is Professional
Tuesday, July 20th, 2010In a summary opinion, the Tax Court has found that an individual can qualify as a professional gambler despite pursuing the activity part-time. While the decision doesn’t have precedential value, it should help inform us in determining who qualifies as a professional trader. (more…)
