Discover passive losses in investing, including their meaning, how they occur in non-participant activities, and ways to offset them using guidance from the IRS.

Question: My wife and I are in a high tax bracket and are considering buying rental properties to save taxes. Our understanding is that we can depreciate the properties and benefit from the tax losses ...

Understand Passive Activity Loss Rules in the US. Learn how it limits the deductibility of passive losses and affects real estate investors & tax planning.

Estate planners often must make a decision whether to recommend a family limited partnership (FLP) or family limited liability company (FLLC) to achieve the best federal estate tax savings for a ...

With the increased number of LLCs operating today, the Treasury Department and the courts frequently are called upon to determine the correct taxation of these entities when they elect partnership ...

The Court of Federal Claims denied a taxpayer’s claim that the terms of his partner’s closing agreements with the government allowed him to use previously disallowed passive losses to offset ...