Home is Not Where the Heart Is-Section 162(a)(2)
Ed Zollars' Tax Update Podcast
English - April 27, 2007 23:08 - 23 minutes - 10.8 MB - ★★★★★ - 6 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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A taxpayer without a regular place of business can still obtain a deduction for travel away from home if the taxpayer can establish that he/she has a home. In two cases (Jason Ayala v. Commissioner and Manuel Ayala, Jr. v. Commissioner) the taxpayers failed to show they had a home and lost the deduction. But the IRS also failed in its attempt to assess a negligence penalty on these taxpayers.
The materials for the podcast can be downloaded from http://www.edzollars.com/2007-04-27_Home.pdf .
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