A taxpayer walks into a tax practice and claims he incurred a loss due to a bad debt. This could be the first line of a joke, but it’s no laughing matter to a tax professional. The scenario triggers
Hurricane Sandy created widespread impact by devastating highly populated areas of the East Coast. When natural disasters strike, the IRS typically creates special rules that tax preparers discover in
Ham v. Commissioner, TC Summ. Op. 2012-3 (January 5, 2012)
Facts
Like many taxpayers, George Ham invested some of his excess cash in mutual funds; specifically he invested his money with Janus Capit
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