Posts Tagged ‘real estate’

Inside Scoop on IRS Audit Plans

The IRS has created a handful of new audit guides creating unbelievably difficult audits for taxpayers. One of our TaxLoopholes Community members wrote in to say that the IRS audit team checked every single receipt for the entire year. The new IRS Survival Guide for Real Estate Professionals with Real Estate Investors, offered for sale ...

Real Estate Professional Status Under IRS Attack

Real Estate Professional Status Under IRS Attack © 2008 Diane Kennedy, CPA/Tax Strategist The Real Estate Professional status has been a great loophole and, actually still is, if you follow the rules. But the IRS has found a few people who were taking advantage of the rules and so they’re on the hunt for anyone ...