Opinions and News About Accounting Prepared and Selected by GP CPA Tax Experts
Drive Time Increases Odds of Deducting Rental Property Losses
Your rental properties provide tax shelter when you can deduct your losses against your other income. One step to deducting the losses is to pass the tax code’s 750-hour test. And one step to finding the hours you need to pass the time test may be your drive times.
Foreign accounts and the IRS
One of the key elements of the case against Mr. Manafort is the lack of proper reporting of foreign income or control over foreign bank accounts.
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Test Your Knowledge About NC Sales Tax in Automotive, Retail and HVCA.
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