Just completed another meeting to review situation - here's the latest:
- Seemed to be able to convince on education vs. experience gained from FAM's - but not entirely - the IRS countered with the "Lee vs. IRS" court case - they didn't like any trip taken without a client present - how do we prove the trip was for a booking (didn't really care if the booking was in the future/planned)? So the 3 areas we needed to prove in your initial blog comments above didn't work
- Biggest issue seems to be losses for tax purposes (so they've now changed their argument)
- Now looks like we'll need to reduce loss for 2017 and avoid any future losses
- Key lesson - don't have any losses - otherwise they'll dig until they find something
