For any unrecovered portion of an annuity investment, the taxpayer is allowed a deduction in the year of death.()

The National Office of the IRS issues private letter rulings and technical advice memoranda and these pronouncements are binding on the IRS.() 点击查看答案

For a taxpayer to be engaged in a trade or business, the activity must meet all of the following tests: it must produce a profit every year; must be continuous and regular activity; and must be the taxpayer's livelihood not their hobby.() 点击查看答案