Tony & Damien’s Top 10: Damien’s Favorite Tax Case of 2022

In Rogerson v. Commissioner, an aerospace entrepreneur grappled with the IRS about the status of passive activity losses generated from his two yachts. Tony and Damien analyze why the Tax Court sided with the IRS in its assertions regarding the “five of ten-year rule.” This case study is part of a Self-Study Video Course available from Western CPE that can be purchased for CPE credit.