Documentary film losses are deductible, not a ‘hobby loss,’ Tax Court holds *

USA - April 23 2012
In a case that could have had a chilling impact to the documentary film industry, the U.S. Tax Court ruled that documentary filmmaking can be considered a trade or business in which losses are deductible.

Co-authors: Wayne R. Strasbaugh.

Developments for post-issuance compliance in tax-exempt bonds and tax credit bonds *

USA - October 17 2011
New material from the Internal Revenue Service (IRS) provides a more clear and notable view of the importance the IRS attaches to “post-issuance compliance” (PIC) related to tax-exempt bond matters or tax credit bonds.

Co-authors: Frederic L. Ballard, Jr..