IRS Publication 527, Residential Rental Property, is a document published by the Internal Revenue Service (IRS) that provides tax information for individuals who own residential properties that arerented out for income. Typically, all income earned from rental properties is reported to the IRS, thoug...
IRS Publication 538 is a document published by theInternal Revenue Service(IRS) that details the various commonly recognizedaccounting methodsand periods, who they apply to, and how to abide by them. The IRS requires taxpayers to use a consistent and standardized accounting approach when rep...