Jeff Toberer of Stinson Morrison Hecker LLP on Garnett v. Comm'r and the Passive Investment Presumption

On this edition, Jeff Toberer, counsel for the petitioner in Garnett v. Comm'r , a U.S. Tax Court case challenging the established IRS position on passive loss rules. Mr. Toberer discusses the passive investment presumption, how the presumption applies or should not apply to certain taxpayer interests...