Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Passive activity is ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

What Are Passive Activity Loss Rules? Passive Activity Loss (PAL) rules are regulations in the US that govern the taxation of income and losses from passive activities. Losses from passive activities ...

The Tax Court recently ruled on the same day in favor of the IRS in two unrelated cases involving the passive loss rules for rental activities (see also “ Real Tax Savings in Real Estate,” page 68).

As the popularity of short-term rentals through services such as Airbnb and Vrbo continues, CPAs more often face questions from their tax clients of how rental income and expenses are treated for tax ...

I love going to work every day. Our tax controversy practice gives us, as tax lawyers, a taste of a myriad of issues that most tax lawyers do not get to sample. A tax controversy lawyer’s practice ...