Example: ABC partnership is a trader of stocks, bonds, and other securities (within the meaning of IRC Section 1236(c)). The capital employed by the partnership in the trading activity consists of ...

Regulations allow taxpayers to use a facts-and-circumstances approach to define one or more trade or business activities as a single activity if the activities constitute an appropriate economic unit ...

IRC section 469(a)(1) defines a passive activity as one involving the conduct of any trade or business in which the taxpayer does not materially participate. In section 469(a)(2), the statute ...

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 ...

Failure to properly document material participation prompts a Tax Court ruling that an aircraft rental activity is passive. The Tax Court held that losses from an aircraft rental activity were passive ...

Discover the engaging mental activity proven by a major study to boost memory and slow cognitive aging in seniors.

The Westfield Conservation Commission should move with caution before allowing the “passive” use of gardening in the legal protective 50-foot wetlands buffer zone (“Commission Looks to Allow ‘Passive ...

Joint health doesn’t have to be a passive drift into stiffness and discomfort. In fact, research shows that even just 45 ...

Greenville, South Carolina-based Proactive MD, which offers onsite health management services to employers (including full direct primary care services) has acquired Charlotte, North Carolina-based ...