"How to Prove Your Clients Business is Legitimate and Not Merely A Hobby"

Live Webinar Hosted By Pilla Tax Academy

May 22, 2024  |  1pm-3pm EST

Small business are a huge audit target for the IRS, especially now with the substantial increase in IRS funding and enforcement. The IRS routinely attacks small businesses that show a loss by claiming that the business activities were “not engaged in for profit.” The IRS often misstates the rules controlling business losses and very few people understand exactly how to prove that a particular activity was carried out with a legitimate profit motive. As a result, untold millions have paid taxes they don’t owe over the years because of this confusion.

This 2-hour course covers:

• Background and understanding of business expense deductions
• How code section 183 really works
• The key misunderstanding in 183(d) that leads to incorrect audit results
• What constitutes a legitimate “profit motive”
• Exactly how to prove a profit motive
• How to present oral testimony and key elements of evidence
• Protections of section 183(b) in event you cannot prove a profit motive

Webinar time: 2 hours
Course notes: 1 PDF (Emailed the day before the webinar)
Continuing Education: 2 Credits (requires submission of polling questions)

Please fill out the form below to secure your spot!
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When is the webinar?
The webinar is on May 22, 2024 from 1pm-3pm EST

How do I get my credit?
Attend the entire webinar and verify your attendance. There will be 3-4 polling questions you will need to answer. Simply jot down the answers and email them along with your full name, PTIN (if you have one) to jean@taxhelponline.com. Make sure you give the name you want on the certificate. We will submit your credit information IRS CE program if you have a PTIN and email you your certificate for use with other organizations.

Who Is the instructor?
Dan Pilla is the world's foremost authority on the subject and practice of tax resolution. With 40+ years of experience and a competitive spirit, Dan has seen and resolved every kind of tax problem imaginable. He began beating the IRS as an 18-year-old young man, and he's been beating them ever since. Dan is known by many as the "father" of the tax resolution industry... and for good reason. Tax resolution practitioners around the nation have based their methods and practices off the work Dan completed in the early 80s. Nobody stays on top of the IRS and the current tax code like Dan Pilla.

For any assistance, please contact us here:
 jean@taxhelponline.com
Phone Number: +1 (651) 439-1606