Topic
Material Participation
8 published works
Tax Controversy Report
No Points for Participation: Passive Activity Rules and Loss Limitations
By Adam Young
Classroom participation points may boost a child’s grade in history class, but merely raising your hand won’t get you far with the IRS. The passive activity loss rules under I.R.C.…
Agricultural Law and Taxation Blog
Imputation – When Can an Agent’s Activity Count?
OverviewThe tax Code often requires a taxpayer to materially participate in a farm business activity as a pre-requisite to receiving a tax benefit. This is not an issue if the…
Agricultural Law and Taxation Blog
Passive Losses and Material Participation
OverviewThe passive loss rules have a substantial impact on farmers and ranchers and investors in farm and ranch land. Until 1987, it was commonplace for non-farm investors to purchase agricultural…
The CPA Desk
Do You Qualify for “Material Participation”?
By Jim Streets
You can only deduct losses from an S corporation, partnership or LLC if you “materially participate” in the business. If you don’t, your losses are generally “passive” and can only…
Tax Equity Times
Tax Court Sheds Light on Counting Hours For the ‘Material Participation’ Exception to the Passive Activity Loss Rules
First published in Bloomberg BNA's Daily Tax Report on January 22, 2016 David Burton examines the Tax Court’s recent analysis in Leland v. Commissioner, favoring a lawyer’s bid for exception…
Wills, Trusts & Estates Prof Blog
Article on Material Participation of Trusts
Ryan Pulver (Jackson Kelly PLLC) & Alan Joseph Wilson (Independent) recently published an article entitled, In Agents We Trust - A Proposal for Material Participation of Trusts, 15 Wyo. L.…
Wealth Director
Still Waiting For Guidance on Material Participation
In March 2014, I commented on the US Tax Court decision in the Frank Aragona Trust case. In that case, the tax court disagreed with the Internal Revenue Service’s arguments…
Wealth Director
U.S.TAX COURT DECISION MAY ALLEVIATE THE 3.8% NET INVESTMENT INCOME TAX BURDEN FOR MANY TRUSTS
Because trusts are subject to the 3.8% Net Investment Income Tax at a very low income level, $12,150 for 2014, trustees of trusts owning interests in operating entities have been…