Go read RothCPA.com‘s review of Ollett v. Commissioner, T.C. Summ. Op. 2004-103 and how Special Trial Judge Wolfe put a damper on the “deductible lifestyle” of taxpayers engaged in an unprofitable Amway business.
The “Deductible Lifestyle”
Go read RothCPA.com's review of Ollett v. Commissioner, T.C. Summ. Op. 2004-103 and how Special Trial Judge Wolfe put a damper on the "deductible lifestyle" of taxpayers engaged in an unprofitable Amway business….