An exception to this rule is made for sales or exchanges of publicly traded partnership interests for which a broker is required to file Form 1099-B, Proceeds From Broker and Barter Exchange Transactions. Code AH, Other information, previously included a number of bulleted items. Those entities are often able to pay out more of their […]
Estates (other than qualifying estates), trusts (other than qualifying revocable trusts that made a section 645 election), and corporations can’t actively participate. Limited partners can’t actively participate unless future regulations provide an exception. If you actively participated in a rental real estate activity, you may be able to deduct up to $25,000 of the loss […]
Towards the end of the chapter we offer a detailed discussion of the kinds of efficiency decisions that high-quality cost data might inform. However, given the centrality of cost system design to the production of data that can be used in decision-making, we will address this crucial issue first. Adopting the bookkeeping best practices outlined […]
While we’re not yet at the point where AI can replace the human touch, there are some tools that are new in 2023 that have the potential to streamline marketing for accounting firms. The goal of digital marketing is to make it as easy as possible for potential clients to find your company online. Your […]