Rafalca London Olympics Medal Or Not – No Current Tax Savings
- Friday, August 3, 2012, 2:03
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Sadly, but understandbly there is no curling in the Summer Olympics I became fascinated by the Rafalca story because it brings together many of elements of tax practice that I follow closely – Code Section 183 (hobby losses), Code Section 469 (passive activities), the entity versus aggregate conception of partnership taxation.
http://www.forbes.com/sites/peterjreilly/2012/08/02/poor-rafalca-no-medal-and-no-current-tax-savings-either/
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