Prove It’s a Business: Strategies to Beat the Hobby Loss Challenge

This is a 1 hour CE/CPE webinar for CPAs and EAs presented live on July 24, 2025, 1-2pm ET (10-11am PT)

NEW for 2025!

Every tax practitioner will have a client that at some time will have to determine whether they are operating a business or a hobby.

You will need to know the difference between a hobby and a business, the consequences of being classified as a hobby and how to prevent a business from being classified as a hobby.

Without this knowledge your clients will find assistance elsewhere, resulting in the loss of the client.

Note: This class is conducted via Zoom. You will receive the Zoom link immediately upon checkout and in several reminder emails from Eventbrite.

Course Objectives

• The IRS profitability test
• The 9 factors the IRS uses in their determination of a Hobby
• Safe harbors that practictioners can use to protect clients
• Court cases related to Hobby Losses

Continuing Education Information

• Delivery Method: Group-Internet
• Credit: 1.0 CE/CPE hours
• CPE Subject Area: Taxes (IRS: Federal Tax Law)
• Prerequisite: Basic knowledge of tax prep
• Program Level: Basic
• Advance Preparation: None required
• IRS Program Number: CBBHU-T-00065-25-O
• NASBA Registry ID: 149009
• Texas State Board of Public Accountancy CPE Sponsor ID 010661

Tax Pro Academy, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

About the Instructor

Charles K. Montecino, CPA is a Certified Public Accountant and Certified Tax Resolution Specialist. He has extensive experience in helping clients solve their IRS problems, and clients say he does it with patience and, as one client put it, “without making me feel dumb.”

Charles has spent his 50 plus year career in public accounting, and 43 of those years running his own firm. He is a licensed CPA in New Jersey, a Certified Tax Resolution Specialist and a CGMA, Chartered Global Management Accountant. He serves on the Cooperation with IRS Committee and is a member of the Cannabis Interest Group with the New Jersey Society of CPAs.

What Others Are Saying About Our Classes

"Hi, Dan, I just wanted to tell you that I thoroughly enjoyed today's webinar. I'm a former Revenue Agent (nearly 9 years), and I've recently opened my own practice as a tax resolution specialist. Even though I'm pretty familiar with much of what you talked about, I still learned a LOT from your presentation." -Lori Rodrigues, CPA

"The instructor was knowledgeable and clear." -Natalie Mitchell, EA

"It gave a great overview of representation, showing me just what areas I want to concentrate on learning more. Great presentation." -Marsha Tisdale, EA

"Practical information for our practice future." -Donna Henderson, EA

"Great information source." -Robert Pavicic, EA

"Jassen is very knowledgeable and boils down complicated information into what is applicable, useable and practical." -Karen Stevenson, EA

"I like your honesty when presenting the materials such as what works and what doesn't work." -Sharon Ishii, EA

"Excellent... Provided a great deal of useful information and gave me food for thought." -Anthony Nazarowski, EA

"This webinar provided an excellent overview of the tax resolution process. I plan on going deeper for more detailed information as I wish to expand my practice to include tax resolution services." -Rick Jenkins, EA

"I always enjoy and learn a lot in Jassen and Dan's webinars, Thank you!" -Jennifer Ginther, EA

"Now I have an idea in which direction I will turn my career. Thank you!" -Yelena Lipovetsky, EA