As the popularity of short-term rentals through services such as Airbnb and Vrbo continues, CPAs more often face questions from their tax clients of how rental income and expenses are treated for tax ...

The principles behind the passive-activity loss limitations rules under Code Sec. 469 and the net investment income Medicare tax under Code Sec. 1411 are similar -- limit business losses from passive ...

Question: I just received our 2022 tax returns from our preparer which are on Disaster Relief extension. We were shocked to discover that our large rental loss we incurred during 2022 due to vacancy ...

Today’s economic climate may be dealing your clients a loss. It’s bad enough, especially for small business owners, to have to wonder when they might return to profitability. Beyond that, tax ...

In their Taxation column Ezra Dyckman and Daniel W. Stahl of Roberts & Holland discuss how sa recent ruling provides a reminder of the inner-workings of the passive activity loss rules and the ...

When a corporation elects S corporation status, one of the primary reasons is the tax benefits it provides. While there are tax advantages to being classified as an S Corporation over a C corporation, ...

Question: My wife and I are in a high tax bracket and are considering buying rental properties to save taxes. Our understanding is that we can depreciate the properties and benefit from the tax losses ...