EA Journal: Hobby or Business? Tax Preparer Due Diligence (Part 1)

In the first of two articles in a series, The Tax Institute’s Gil Charney explores how to determine whether a taxpayer's expenses are the result of a business or a hobby – and the importance of making the right determination.

By: Gil Charney  /  November 01, 2010

In the first of two articles in a series, The Tax Institute’s Gil Charney explores how to determine whether a taxpayer's expenses are the result of a business or a hobby – and the importance of making the right determination.

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Gil Charney

Gil Charney, CPA/PFS, CFP, CGMA, CMA, MBA, is director of tax law and policy analysis at The Tax Institute. Gil oversees a team of tax attorneys and CPAs who review and analyze legislation and the impact of tax laws on taxpayers. He has more than 30 years of experience in tax, accounting, and financial management.

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