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- Title
Tax court allows deductions for cattle ranch despite ongoing losses.
- Authors
Vincent, Scott E.
- Abstract
The article discusses the U.S. Tax Court case Wondries v. Commissioner of Internal Revenue which involves the loss deductions being claimed by cattle ranch property owners Paul and Patricia Wondries. Topics explored include the audit of ranch operations conducted by the U.S. Internal Revenue Service (IRS), the evaluation of the investments made by the couple on their ranch, and the history of income and financial status of the couple considered by the IRS.
- Subjects
UNITED States; INCOME tax deductions for losses; UNITED States. Tax Court; RANCHERS; RANCHING; AUDITING; UNITED States. Internal Revenue Service
- Publication
Journal of the Missouri Bar, 2023, Vol 79, Issue 2, p76
- ISSN
0026-6485
- Publication type
Article