has anyone ever been involved with one of these or knows of a lawyer with experience -- Roland P. Lambalot, CPA 184 Pleasant Valley Street Methuen, MA 01844 Tel 978-691-0050 Fax 978-691-0066 PRIVACY NOTICE: This message is intended only for ...
Here is an email that just was sent to thousands of Boston Tax Institute Customers on this subject. Reg. Sec. 1.199A-1(b)(13) states "Trade or business means a section 162 trade or business other than the trade or business of performing services ...
Whether net rental income rises to the level of a section 162 trade or business is a question of fact not a question of law. The net rental income from a triple net lease where a client does virtually nothing except to collect a check would appear NOT ...
The holiday season is in full swing, and it’s a favorite time of year for many. In the spirit of the giving season, I am asking you to consider giving to the MSCPA’s Educational Foundation scholarship program , which provides funding to help Massachusetts accounting students pursue degrees and join our profession. The Foundation is backed entirely through donations, and we’ve been honored to get to know many students who have benefited from the generosity of our members and firms. Here are two of their stories: I ’m always looking for better opportunities for my future, and I know that one of the ways I could improve was in going back to school, getting an education and fulfilling my dreams as a CPA. Coming from a Hispanic family, I need to work hard so I can afford to send food and other items to my family in Venezuela, which they need so much. It hurts to see my country in such a state of suffering, and I’m motivated to work hard so they can have a better life. ...