The Tax Preparation Blog

Archive for the ‘Tax Professionals’ Category

Question: Is there any tax advantage for a landlord if she/he is a real estate professional?

If I buy s real estate property to rent it out, is there any advantage for in terms of tax deduction if I am a real estate professional and am involved in te management of the that property?

Answer: Your losses aren’t limited, however, to be a real estate professional, you must meet the “test.”

If you work 40 hours a week at something else, you must work 41 hours a week on the real estate. Being “involved in the management” of the property is usually only enough to meet the “active participation” test–not the RE professional test.

Racquet War success shows Pasco goofed

Considering the charms Michael Cox has unleashed to bring a certain local newspaper columnist — *blush* — around to his point of view regarding the proposed west Pasco softball complex, you would think he was locked in a steel cage death match over his political future, and an approving nod from Thi

CANADIAN TAX ADVANTAGE

Question: Since Sports Athlete’s and Actors have Labor Unions why do the Democrats support Labor Unions and support a Pr?

Since Sports Athlete’s and Actors have Labor Unions why do the Democrats support Labor Unions and support a Progressive Tax System why do they suport higher taxes on their Union Brothers and Sisters many which make millions of dollars a year. Am I right that the reason why Sports Athlete’s make so much money is because of Strikes ? Also my point is not all Rich people are CEOS of Big Wealthy Corporations.

http://en.wikipedia.org/wiki/National_Basketball_Players_Association

http://en.wikipedia.org/wiki/National_Football_League_Players_Association

http://en.wikipedia.org/wiki/Professional_Hockey_Players’_Association

http://en.wikipedia.org/wiki/Screen_Actors_Guild

Answer: The big money earners in sports and the entertainment industry rarely get much benefit from the Unions in their business; the Union supports the unknown player, or the unknown character actors. That is why during the last football strike the big money players were more reluctant to strike then the average player. They lost more money the longer the strike lasted and would reap the least benefit. Some big players crossed the picket line and played because of it.

Harare City Council:Its excesses, excuses

THE last decade had seen Harare losing its sunshine status and it’s now living in the shadows of its former self.

Health Reform by Association

Greenko Group plc – Issue of Equity

Greenko Group plc – Issue of Equity