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Forbes Tax Article: Who Is A Real Estate Professional
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Alan
Jul 11, 2014, 12:56:29 PM7/11/14
to
Tony Nitti (Tax Partner in WithumSmith+Brown�s National Tax Service
Group and the founding father of the firm's Aspen, Colorado office. A
CPA licensed in Colorado and New Jersey, with a Masters in Taxation from
the University of Denver.) has published a must read for those of you
who are trying to decode the passive activity rules to determine who is
a real estate professional. This impacts both the rental activity loss
limitation rules and the 3.8% net investment income tax. Please see:
http://www.forbes.com/sites/anthonynitti/2014/07/09/tax-geek-tuesday-the-irs-finally-figures-out-the-real-estate-professional-rules/
Or
http://goo.gl/GSvsWz
--
Alan
http://taxtopics.net
--
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<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
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<< ------------------------------------------------------- >>
Group and the founding father of the firm's Aspen, Colorado office. A
CPA licensed in Colorado and New Jersey, with a Masters in Taxation from
the University of Denver.) has published a must read for those of you
who are trying to decode the passive activity rules to determine who is
a real estate professional. This impacts both the rental activity loss
limitation rules and the 3.8% net investment income tax. Please see:
http://www.forbes.com/sites/anthonynitti/2014/07/09/tax-geek-tuesday-the-irs-finally-figures-out-the-real-estate-professional-rules/
Or
http://goo.gl/GSvsWz
--
Alan
http://taxtopics.net
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
Mark Bole
Jul 11, 2014, 2:34:00 PM7/11/14
to
On 2014-07-11 09:56, Alan wrote:
> Tony Nitti (Tax Partner in WithumSmith+Brown�s National Tax Service
> Group and the founding father of the firm's Aspen, Colorado office. A
> CPA licensed in Colorado and New Jersey, with a Masters in Taxation from
> the University of Denver.) has published a must read for those of you
> who are trying to decode the passive activity rules to determine who is
> a real estate professional. This impacts both the rental activity loss
> limitation rules and the 3.8% net investment income tax. Please see:
>
> http://www.forbes.com/sites/anthonynitti/2014/07/09/tax-geek-tuesday-the-irs-finally-figures-out-the-real-estate-professional-rules/
>
>
> Or
>
> http://goo.gl/GSvsWz
Thank you Alan, I've just added this article to my collection (there is
> Tony Nitti (Tax Partner in WithumSmith+Brown�s National Tax Service
> Group and the founding father of the firm's Aspen, Colorado office. A
> CPA licensed in Colorado and New Jersey, with a Masters in Taxation from
> the University of Denver.) has published a must read for those of you
> who are trying to decode the passive activity rules to determine who is
> a real estate professional. This impacts both the rental activity loss
> limitation rules and the 3.8% net investment income tax. Please see:
>
> http://www.forbes.com/sites/anthonynitti/2014/07/09/tax-geek-tuesday-the-irs-finally-figures-out-the-real-estate-professional-rules/
>
>
> Or
>
> http://goo.gl/GSvsWz
a "Print" icon way at the bottom). This same guy also wrote a really
good article in Forbes about the NII tax in the last half year.
I took a little consolation in his summary where he observes that this
stuff is not easy for anyone to understand, not the judges, not the big
firms, not the IRS.
--
Mark Bole, EA
Enrolled Agents - America's Tax Experts
http://markboletax.com
Alan
Jul 11, 2014, 3:25:37 PM7/11/14
to
On 7/11/14, 12:34 PM, Mark Bole wrote:
> On 2014-07-11 09:56, Alan wrote:
>> Tony Nitti (Tax Partner in WithumSmith+Brown�s National Tax Service
>> Group and the founding father of the firm's Aspen, Colorado office. A
>> CPA licensed in Colorado and New Jersey, with a Masters in Taxation from
>> the University of Denver.) has published a must read for those of you
>> who are trying to decode the passive activity rules to determine who is
>> a real estate professional. This impacts both the rental activity loss
>> limitation rules and the 3.8% net investment income tax. Please see:
>>
>> http://www.forbes.com/sites/anthonynitti/2014/07/09/tax-geek-tuesday-the-irs-finally-figures-out-the-real-estate-professional-rules/
>>
>>
>>
>> Or
>>
>> http://goo.gl/GSvsWz
>
>
> Thank you Alan, I've just added this article to my collection (there is
> a "Print" icon way at the bottom). This same guy also wrote a really
> good article in Forbes about the NII tax in the last half year.
>
> I took a little consolation in his summary where he observes that this
> stuff is not easy for anyone to understand, not the judges, not the big
> firms, not the IRS.
>
He wrote a thorough analysis in 4 parts:
> On 2014-07-11 09:56, Alan wrote:
>> Tony Nitti (Tax Partner in WithumSmith+Brown�s National Tax Service
>> Group and the founding father of the firm's Aspen, Colorado office. A
>> CPA licensed in Colorado and New Jersey, with a Masters in Taxation from
>> the University of Denver.) has published a must read for those of you
>> who are trying to decode the passive activity rules to determine who is
>> a real estate professional. This impacts both the rental activity loss
>> limitation rules and the 3.8% net investment income tax. Please see:
>>
>> http://www.forbes.com/sites/anthonynitti/2014/07/09/tax-geek-tuesday-the-irs-finally-figures-out-the-real-estate-professional-rules/
>>
>>
>>
>> Or
>>
>> http://goo.gl/GSvsWz
>
>
> Thank you Alan, I've just added this article to my collection (there is
> a "Print" icon way at the bottom). This same guy also wrote a really
> good article in Forbes about the NII tax in the last half year.
>
> I took a little consolation in his summary where he observes that this
> stuff is not easy for anyone to understand, not the judges, not the big
> firms, not the IRS.
>
Overview Of The New 3.8% Investment Income Tax, Part 1
http://www.forbes.com/sites/anthonynitti/2013/04/26/overview-of-the-new-3-8-investment-income-tax-part-1/
Overview Of The New 3.8% Investment Income Tax, Part 2: Passive Activities
http://www.forbes.com/sites/anthonynitti/2013/04/29/overview-of-the-new-3-8-investment-income-tax-part-2-passive-activities/
Overview Of The New 3.8% Investment Income Tax, Part 3: Property Gains
http://www.forbes.com/sites/anthonynitti/2013/05/01/overview-of-the-new-3-8-investment-income-tax-part-3-gains-from-the-sale-of-property/
Overview Of The New 3.8% Investment Income Tax, Part 4: Rental Income
And The Real Estate Professional
http://www.forbes.com/sites/anthonynitti/2013/05/06/overview-of-the-new-3-8-investment-income-tax-part-4-rental-income-and-the-real-estate-professional/
--
Alan
http://taxtopics.net
Message has been deleted
Pico Rico
Jul 11, 2014, 9:38:52 PM7/11/14
to
"D. Stussy" <spam+ne...@bde-arc.ampr.org> wrote in message
news:lppolf$5ov$1...@snarked.org...
> "Alan" wrote in message news:lpp4va$c6f$1...@dont-email.me...
> ....
> http://www.forbes.com/sites/anthonynitti/2014/07/09/tax-geek-tuesday-the-irs-finally-figures-out-the-real-estate-professional-rules/
> ============
>
> Forbes is not a valid, trusted source of tax information. I have seen
> them "get it wrong" more often than correct.
>
> Example: My own 2003 USTC Memo decision.
based on my own research, it seems the Nitti articles on real estate
professional rules are well done.
Where is the link to the "wrong" Forbes article you refer to?
Message has been deleted
Pico Rico
Jul 25, 2014, 10:09:32 AM7/25/14
to
news:lqsb1q$nbq$1...@snarked.org...
> "Pico Rico" wrote in message news:lpq190$t2m$2...@news.mixmin.net...
> My rebuttal to two articles (one Forbes, one other) is at:
> http://www.snarked.org/~kd6lvw/taxes/2002-232.html
> --
have there been any decisions on these issues since you got gypped?
> "Pico Rico" wrote in message news:lpq190$t2m$2...@news.mixmin.net...
>
>
> "D. Stussy" <spam+ne...@bde-arc.ampr.org> wrote in message
> news:lppolf$5ov$1...@snarked.org...
>> "Alan" wrote in message news:lpp4va$c6f$1...@dont-email.me...
>> ....
>> http://www.forbes.com/sites/anthonynitti/2014/07/09/tax-geek-tuesday-the-irs-finally-figures-out-the-real-estate-professional-rules/
>> ============
>>
>> Forbes is not a valid, trusted source of tax information. I have seen
>> them "get it wrong" more often than correct.
>>
>> Example: My own 2003 USTC Memo decision.
>
> based on my own research, it seems the Nitti articles on real estate
> professional rules are well done.
>
> Where is the link to the "wrong" Forbes article you refer to?
>
> =================
>
> "D. Stussy" <spam+ne...@bde-arc.ampr.org> wrote in message
> news:lppolf$5ov$1...@snarked.org...
>> "Alan" wrote in message news:lpp4va$c6f$1...@dont-email.me...
>> ....
>> http://www.forbes.com/sites/anthonynitti/2014/07/09/tax-geek-tuesday-the-irs-finally-figures-out-the-real-estate-professional-rules/
>> ============
>>
>> Forbes is not a valid, trusted source of tax information. I have seen
>> them "get it wrong" more often than correct.
>>
>> Example: My own 2003 USTC Memo decision.
>
> based on my own research, it seems the Nitti articles on real estate
> professional rules are well done.
>
> Where is the link to the "wrong" Forbes article you refer to?
>
> My rebuttal to two articles (one Forbes, one other) is at:
> http://www.snarked.org/~kd6lvw/taxes/2002-232.html
> --
have there been any decisions on these issues since you got gypped?
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