	AllExperts > Tax Law (Questions About Taxes)
	Search

About Gerard L. Samoleski, CPA*
Expertise
Individual Income Tax, Business Income Tax, Partnership Income Tax, Estate Tax, Gift Tax, Tax Planning, Business Valuation, Divorce Tax. I can't answer legal questions as I am not an attorney.

Experience
10 years of Federal and State tax preparation for high-net worth individuals, including a major international accounting firm.

Organizations
AICPA, FICPA, NACVA

Education/Credentials
Bachelor of Business Administration (Accounting Major)- University of Miami (FL);Master of Science of Taxation, University of Miami (FL)

Awards and Honors
Certified Public Accountant*, Certified Valuation Analyst, Accredited in Business Valuations. *Regulated by State of Florida

You are here: Experts > Business > Corporate Law > Tax Law (Questions About Taxes) > Real Estate License tax deductions

Tax Law (Questions About Taxes) - Real Estate License tax deductions

Follow-Ups to Answer from Expert Gerard L. Samoleski, CPA*

Mike wrote at 2007-07-30 05:12:22
Having losses for three consecutive years is not going to automatically cause the IRS to disallow your activity as a hobby - or audit you for that matter. It merely weights against the presumption that the business is being operated for a profit. This is a "facts and circumstances" evaluation.

Add to this Answer Ask a Question