Since the passive activity loss rules of Sec. 469 were enacted in 1986, practitioners have wrestled with the concept. They are often faced with an arduous task in obtaining the relevant facts to ensure their clients’ compliance with the rules. Clients’ participation levels in various activities usually require annual examination, and material participation can sometimes be difficult to discern, especially with LLC members or limited liability partnership partners. The activity grouping rules of Regs. Sec. 1.469-4, which were Continue reading “Activity Grouping: The Impact of Recent Developments”
Depreciation and Changes in Use of Real Property
Depreciation and Changes in Use of Real Property.
Interesting traps for the unwary when you change the use of depreciable property from residential to nonresidential. Because residential property is depreciated about 30% faster that nonresidential. I wonder how many real estate operators will convert commercial space to residential to acceleration investment recovery.
The Tax Times: The Internet Sales Tax Exemption About To Expire?
The Tax Times: The Internet Sales Tax Exemption About To Expire?.
Oh how the world would change if the internet shippers have to remit and pay state and local sales taxes to the cities and states of their customers. All of the UPS and Fedex shipping that has been subsidized by the uncollected and unpaid taxes will likely slow down. The states and municipalities will finally start seeing a recovery after two decades of declining tax base.
Lawyer Clayton Walker – Anchorage Attorney – Avvo.com
Lawyer Clayton Walker – Anchorage Attorney – Avvo.com.
Here is our listing in the Attorney Referral site.