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Tax Court Disallows Real Estate Professional Status Due to Insufficient Hours

From a tax point of view, Real Estate investments can have significant tax advantages if you meet the real estate professional requirement as you might be able to offset active or earned income from one spouse against the active or earned losses of the other spouse. For high earning couples, one can be a high

By |2025-05-02T18:59:24+00:00May 26th, 2025|Categories: Business, Individuals|Tags: , , , , , , , , , , , , |

Status update – PPP Direct Borrower Forgiveness Portal

In the SBA Release Number: 21-72 issued on 8/18/2021, the SBA mentioned that in the last two week the PPP Direct Borrower Forgiveness Portal accepted more than 340K submissions. This might be an excellent tool for some lenders that are not processing on time some of the PPP forgiveness applications if they signed up for

By |2025-01-12T09:13:51+00:00August 19th, 2021|Categories: Business|Tags: , , , , , , , , |
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