Showing posts with label rent. Show all posts
Showing posts with label rent. Show all posts
Monday, September 30, 2024

A Real Estate Course – And Dave

›
  The case made me think of Dave, a friend from long ago – one of those relationships that sometimes surrenders to time, moving and distance...
Sunday, August 18, 2024

Renting Real Estate And Self-Employment Tax

›
  I was looking at a tax return recently. There was an issue there that I did not immediately recognize. Let’s go over it. The client is...
Monday, August 28, 2023

The Augusta Rule And Renting To Yourself

›
I came across the Augusta rule recently. This is Code section 280A(g), the tax provision that allows one to rent their home for less than ...
Sunday, March 26, 2023

Renting a Home Office To An Employer

›
A client asked about the home office deduction last week. This deduction has lost much of its punch with the Tax Cuts and Jobs Act of 2017...
Sunday, January 9, 2022

Starting A Business In The Desert

›
  Tax has something called “startup costs.” The idea is to slow down how quickly you can deduct these costs, and it can hurt. Let’s take...
Sunday, May 9, 2021

IRS Challenges Rent In A Small Town

›
Let’s look at a case involving rent. What sets this up is a C corporation in Montana. A C corporation means that it pays its own tax. Co...
Sunday, August 9, 2020

Don’t Be A Jerk

›
  I am looking at a case containing one of my favorite slams so far this year. Granted, it is 2020 COVID, so the bar is lower than usual. ...
Sunday, May 10, 2020

Deducting Expenses Paid With Paycheck Protection Loans

›
There was a case in 1931 that is influencing a public controversy today. Let’s talk about it. The taxpayer (Slayton) was in the bu...