How to Prepare for and Defend Hobby Loss Audits of Equine Businesses

Robert C. Webb
Robert C. Webb | Frost Brown Todd

Bob was President of the Tax Bar Association, he has spoken at the American Bar Association Criminal Tax Institute for many years, and he is one of the top advisors on how to litigate and resolve complex hobby loss cases in all different types of businesses.

On-Demand: October 23, 2023

How to Prepare for and Defend Hobby Loss Audits of Equine Businesses

$95.00 1 hour CLE

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Program Summary

We will discuss the Internal Revenue Code and regulations that govern hobby loss cases. We will discuss how the IRS investigates hobby loss cases. We will discuss how to prepare for a Hobby Loss audit and how to win the case in the United States Tax Court.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

  • Internal Revenue Code (IRC)
  • Regulations governing hobby loss cases
  • IRS investigation of hobby loss cases
  • Preparing for a hobby loss audit

Date / Time: October 23, 2023

Closed-captioning available

Speakers

Robert C. Webb | Frost Brown Todd

Seasoned veteran attorney, Bob Webb, applies savvy strategies when dealing with IRS matters to help you achieve your best outcome.

Bob was President of the Tax Bar Association, he has spoken at the American Bar Association Criminal Tax Institute for many years, and he is one of the top advisors on how to litigate and resolve complex hobby loss cases in all different types of businesses. Growing up in Kentucky, Bob has particular expertise resolving multi-million-dollar tax cases involving the thoroughbred and quarter horse industries.

Bob deeply understands how to work with the IRS based on his experience working for the Department of Justice Civil Tax Division, where he had an insider’s view of how the IRS and the Department of Justice pursue taxpayers for criminal and civil tax violations. Armed with this knowledge, Bob knows how to prevent taxpayers from being audited by the IRS and how to litigate and resolve complex tax disputes across a wide variety of situations.

Bob attended Georgetown University Law Center where he obtained his Master of Law and he also taught federal taxation of entities for Bellarmine College. Additionally, Bob authored the first criminal tax practice monograph for the University of Kentucky College of Law.

Agenda

I. Internal Revenue Code (IRC) | 2:30pm – 2:45pm

II. Regulations governing hobby loss cases | 2:45pm – 3:00pm

III. IRS investigation of hobby loss cases | 3:00pm – 3:15pm

IV. Preparing for a hobby loss audit | 3:15pm – 3:30pm