TaxAudit Blog

Tag: rent

Business owners looking at receipts

Yes, Tax Debt Relief is available for businesses. Read more about tax debt issues businesses face such as Employment Tax Issues, Trust Fund Taxes, etc.

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Tax Professional

Let's talk about how the Tax Debt Relief process at TaxAudit works so you can decide if our company is the best for you.

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Woman worried about tax debt

Do you have tax debt? Would repaying this debt cause you financial hardship? If so, you may be eligible for Currently Not Collectible status through the IRS.

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Two model houses and stacks of money

An IRS levy is the actual seizure of property you own. An IRS lien is a public document that notifies any creditors that the IRS has a right to your property.

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Solar Panels on House Roof

How do I write off solar panels for rental properties when I claim as a real state professional to run a rental business?

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House with downward arrow above it with coins surrounding it.

Rentals are considered to be special passive activities and the amount of loss you can use in any year is limited to $25,000, if your AGI is under $100,000.

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Man looking at house, money, and paperwork on a desk

Can you claim a depreciation deduction for Section 1250 residential property in the year the property is sold? When it comes to taxes, details matter.

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House for Sale

Details regarding the disposition of grouping of activities in order to more easily satisfy the material participation requirements for the RE Pro status.

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Second home on a cobblestone street

Whether you use your second home for personal or business purposes, the interest you pay on the mortgage may very well be deductible on your tax return.

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HOA written with blocks with wooden house on top

HOA fees are not deductible for a property used as your private home all year. But there may be a deduction for those who use their home for business purposes.

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4 small houses with questions marks on top of them

Is investing in real property, particularly rental property, a good idea for your retirement investments, especially your traditional IRA or Roth IRA?

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Rental House for Sale

Electing to group properties together into one activity to qualify for real estate professional status comes with some disadvantages. Let's explore more.

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Woman working in her home office

Yes, you can deduct a portion of your home rent for your home office on taxes – but as always , this benefit is only available if certain conditions are met.

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House For Rent

If your rental property is incurring losses, those losses may be limited on your taxes based on other income you receive. Let's explore more.

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Business Owner Looking at Receipts

There are many options for managing your small business tax debt. A tax resolution specialist from TaxAudit can guide you in choosing the best approach.

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Couple looking at financial paperwork

Yes, the length of time the IRS is allowed to collect a tax debt is generally limited to 10 years. Is waiting out this period a strategy for resolving tax debt?

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woman distressed about finances

When you can't make your tax due payment without impacting your ability to pay for living expenses, the IRS can put you in Currently Not Collectible status.

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Wage Garnishment

If you are buckling under the weight of an IRS wage garnishment, it is time to get yourself free! We have seven practical ways to stop an IRS wage garnishment.

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Economic Hardship

CNC status is for taxpayers who cannot make any tax debt payments without seriously jeopardizing their ability to pay for their basic living expenses.

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Tax Debt Relief

Millions of individuals and business owners in America currently have unpaid IRS tax liabilities. Here are a few items to consider for tax debt relief options.

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This blog does not provide legal, financial, accounting, or tax advice. The content on this blog is “as is” and carries no warranties. TaxAudit does not warrant or guarantee the accuracy, reliability, and completeness of the content of this blog. Content may become out of date as tax laws change. TaxAudit may, but has no obligation to monitor or respond to comments.