04-09-2007, 06:13 AM
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 Re: At Risk Rule, IRS "Raquel666" <sixsixsixismoney[at]yahoo.com> wrote: - quote - > I am sole propritor of my business (Limited Liability
Does your company borrow money that won't have to be paid> Company) that buys and sells vacant land. > I have alot of expenses paying property taxes on the land > I own. > Is my activity/business considered "At Risk"? back if the business fails? Stu << ================================================== ===== > << 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 (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
04-09-2007, 12:32 AM
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| At Risk Rule, IRS I am sole propritor of my business (Limited Liability Company) that buys and sells vacant land. I have alot of expenses paying property taxes on the land I own. Is my activity/business considered "At Risk"? << ================================================== ===== > << 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 (2006) - All rights reserved. > << ================================================== ===== > |
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| irs, risk, rule |
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