In Rogerson v. Commissioner, an aerospace entrepreneur grappled with the IRS about the status of passive activity losses generated from his two yachts. Tony and Damien analyze why the Tax Court sided with the IRS in its assertions regarding the “five of ten-year rule.” This case study is part of a Self-Study Video Course available from Western CPE that can be purchased for CPE credit.
Other Episodes

TaxSnax
EP. 3: TRUST, you will be dealt with. Period.
Oct 3, 2023This TaxSnax Episode features Nicole Davis, CPA, MBA. If you raised your hand (*cough* Enya’s sister) …
EP. 3: TRUST, you will be dealt with. Period. Read More »
Play Now 00:09:15
TaxSnax
EP. 2: Who pays for it? No one…You write it off
Sep 26, 2023This TaxSnax Episode features Alicyn McLeod, CPA, CFP & Cecily VM Welch, CPA, PFS, CFP®. In …
EP. 2: Who pays for it? No one…You write it off Read More »
Play Now 00:24:47
TaxSnax
EP. 1: How To Out-Scam A Scammer 101
Sep 26, 2023This TaxSnax Episode features entrepreneur and founder of Voxie, Bogdan Constantine. Join us as we dissect …
EP. 1: How To Out-Scam A Scammer 101 Read More »
Play Now 00:13:33