Category: passive losses

Portfolio vs Passive Loss Rules

Chris Moss CPA Tax Attorney

Welcome to TaxView with Chris Moss CPA If you have investment gains to offset business losses this year, you may be in store for a direct head on collision with the IRS and the Tax Reform Act of 1986. The journey to disaster starts off innocently enough. You sell some stocks for a $10M gain …

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IRS Material Participation Audit

Chris Moss CPA Tax Attorney

Welcome to TaxView with Chris Moss CPA If you own multiple businesses you know all too well that start-ups generally lose money the first or second year. But did you know you can deduct these losses against current earnings, lower taxes and increase cash flow all at the same time you phase into rapid growth …

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