Real Estate Professional Status – Becoming More Important – Very Hard To Prove
750 hours is not the sole requirement. You also have to spend more time on the real estate activities than you do on anything else. This generally proves to be an insurmountable obstacle for amateur landlords with day jobs, particularly since there is a much harder unstated requirement.
Is Super Bowl Monday Holiday More Important Than Tax Reform ?
My plan to flood the White House "We The People" petition site with tightly targeted tax simplification proposals has not taken off. That does not mean I am giving up,...
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.