Home is Where the Job Is
Ed Zollars' Tax Update Podcast
English - January 25, 2009 18:16 - 27 minutes - 24.7 MB - ★★★★★ - 6 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Sharing the Credit-IRS Rules on Section 36 Provision
This week I look at a case involving a Northwest Airlines mechanic who was laid off and ended up using his "bumping" rights in other cities while hoping to return to his original home base. The question of whether the taxpayer could deduct the expenses of working in the various locations is considered by the Seventh Circuit Court of Appeals after the Tax Court decided no deduction was allowed in the case of Wilbert v. Commissioner, 2009 TNT 12-12, CA7, affirming TC Memo 2007-152.
The materials can be downloaded at http://www.edzollars.com/2009-01-25_TaxHome.pdf .
The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .