How long can PALs be carried forward? My research has led to the answers: Indefinitely...10 years... and 20 years... which one of these three is the correct answer?

The IRS announced on today that they're postponing the deadline for all individual tax returns. Returns that were due April 15 are now due May 17. The IRS says it will issue formal guidance in the near future.

The ...

Hello, 
Prospective tenant informed me her mother who will be living with her (and submitting an app as well) "doesn’t have a social security actually it’s just a tax ID." I've not heard of this before and was hoping...

I just read a post where someone said you may have to pay SET on income from flips. Is that true?

The April 15th due date for filing and paying taxes has been automatically extended 90 days.
Individuals can defer up to $1 million of tax liability and corporations get an extension on up to $10 million. Late filin...

IRS peeking into your income,  Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!! 
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...

G'Day folks,
I've reached out to my legal and accounting team for referrals but they had none.
The IRS is absolutely useless and we have tried dealing with them for over a year now on this matter.
At the point of j...

Hello All,I have an R2 vacant lot in SF.  I had considered building on the lot but I only have limited experience in this area and feel selling it and investing that money would be a less risky option.  Thoughts:. 103...

Hello BP,My 45 day selection period was disrupted by hurricane Irma.  Furthermore, the property I was getting ready to close on last week may fail re-inspection in which case I may have to move forward with another pr...

The Housing and Economic Recovery Act of 2008 includes a provision that modifies Section 121 of the Internal Revenue Code, which is often referred to as the 121 exclusion.

The 121 exclusion allows a homeowner to ex...