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Artists

Tax Court holds longtime artist and art professor not snared by hobby loss rules

Tax Court holds longtime artist and art professor not snared by hobby loss rules

Crile, TC Memo 2014-202 The Tax Court has held that a tenured art professor and career artist had a profit motive with respect to her art under Code Sec. 183 and was engaged in the trade or business of being an artist within the meaning of Code Sec. 162(a) during the years at issue. Click […]

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IRS Updates Audit Technique Guide on Audit Issues with Artists, Art Galleries, and Charitable Donations

IRS Updates Audit Technique Guide on Audit Issues with Artists, Art Galleries, and Charitable Donations

The IRS publishes, on line, an Audit Technique Guide on a variety of subject, industries, and issues.  The Guide allows practitioners and the public access to the typical issues encountered by the IRS when auditing a tax return.  The Guide is invaluable and a welcome resource.  Recently, the IRS updated “The Artists, Art Galleries Audit […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney