P.S. Undera flat tax, a business would be allowed to “carry forward” losses from previous years, just as isusually the casefor the current system. P.P.S. A flat tax also would replacedepreciationwithexpensing, which is another policy favorable to smart entrepreneurs. Share this: Print E...
In all situations where you believe that your rental to a tenant could be construed by the IRS as being below fair market value, get an appraisal from a real estate professional. To demonstrate to the IRS the validity of your appraisal, get it in writing, signed, on the Realtor's letterh...