Court of Appeals for the Seventh Circuit July 11, 2003, 02-3093, 02-3094 (Albert J. Hackl, Sr. And Christine M. Hackl v. Commissioner of Internal Revenue)

TERENCE T. EVANS, Circuit Judge.

Most post-retirement hobbies don’t involve multi-million dollar companies or land retirees in hot water with the IRS, but those are the circumstances in this case. Albert J. (A.J.) and Christine M. Hackl began a tree-farming business after A.J.’s retirement and gave shares in the company to family members.