October 22, 2015
In my reading of tax developments, I came across this excerpt that I thought is a good illustration of the issue of productivity hours. Statistics (one source being Deaf Action Center) state that it takes the deaf twice as long as the hearing to perform a task, while it takes the deaf-blind (with a 2nd disability added) three times longer.
“The court determined that since the taxpayer had no other business activities, he met the first requirement to be a real estate professional. The court also concluded that he met the second requirement, finding that although a person who is not disabled may be able to complete the activities he described in substantially less than 750 hours, his testimony concerning the time required for him to maintain and manage the property was credible.”