real estate industry
Real Estate Professionals Are Subject to Material Participation Rules
Most individuals who invest in real estate to generate rental income hate the passive activity loss rules. These rules often prevent real estate investors from benefiting from the otherwise generous deductions that are associated with real estate. In G…
IRS Budget Constraints Continue to Make Resolving Cases Difficult
The IRS’s budget constraints have made it more difficult for taxpayers to resolve IRS problems. This is especially true for the work that it has shifted to IRS service centers to be worked remotely. The Wang v. Commissioner, T.C. Memo. 2016-123, case provides an example of this. Mr. Wang is a real estate agent for […]
The post IRS Budget Constraints Continue to Make Resolving Cases Difficult appeared first on Houston Tax Attorney: Texas Lawyer.