What is a Real Estate Professional For US Federal Income Tax Purposes? Morticia hits the nail on the head when it comes to the tax designation 'real estate professional' for income tax reporting requirements. Everyday people misinterpret the tax code. It does not matter if you...
Defining Passive Activity Between Spouses - Beyond the Bedroom: What Is Material Participation? Ha! One would imagine this is the script to a low budget B-rated film by the title, it is not. But if it got you reading all the better because you may want...
According to Revenue Procedure 2010-13 starting in 2010: A written statement is required to group similar business/activities. Managing LLC members must pass any of 7 tests for material participation the most popular of which is the...