Hobby or Hustle? Cracking the §183 Code
This course explores the nine factors the IRS uses to determine whether an activity is engaged in for profit or as a hobby under IRC §183. Participants will gain practical tools to apply these principles in audit and advisory settings.
The major topics covered in this class include:
Identify the nine factors under IRC §183 used to determine profit motive.
Evaluate taxpayer activities to distinguish between hobby and business.
Understand how the IRS weighs documentation, consistency, and taxpayer intent.
Apply practical examples and case studies to defend a taxpayer’s position.
Advise clients on best practices to strengthen a profit motive case before examination.
Who should attend:
EAs with clients who have small businesses
2 IRS CE hours
2 CPA CPE Credits
Prerequisites: None
Program Level: Basic
Advanced Preparation: None
Field of Study: Taxes
Location: Virtual
Delivery Method: Group Internet Based
Your Instructor
Victoria Boon, MBA, EA
Tax Consultant | IRS Expert | Educator
Victoria Boon is a seasoned tax consultant and nationally recognized expert in federal taxation, with more than 20 years of experience in audit strategy, IRS compliance, and professional education. A former IRS Senior Revenue Agent and Subject Matter Expert with the Internal Revenue Service, Victoria brings deep technical knowledge and real-world insight to her consulting and training work in the private sector.
Throughout her career, Victoria has specialized in complex areas of the tax code, including IRC §§ 1031, 162, 274, and conservation easements. She has led large corporate audits, developed continuing education programs for IRS staff and tax professionals, and contributed to key IRS publications such as Publications 544, 551, and 946. Victoria also served as a campaign expert on aircraft taxation and conservation easements, shaping national audit priorities and training curricula.
Victoria holds an MBA from the University of North Carolina at Greensboro and a BBA in Accounting and Marketing from the University of Wisconsin Oshkosh (Cum Laude). She is also a former VITA site coordinator and a recipient of numerous performance and service awards during her tenure with the IRS.
Now in private practice, Victoria offers consulting services, CE instruction, and expert guidance on audit defense, tax law interpretation, and IRS procedure for practitioners, firms, and financial advisors across the country.
