The dilemma of dealer or investor classifications for real estate
The actions taken throughout the life cycle of a real estate investment determine whether specific real estate is held for investment or held as dealer property.
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The Inflation Reduction Act of 2022 proposes $80 billion in additional funding for the IRS
The Inflation Reduction Act of 2022 provides significant funding for the IRS over the next 10 years. The IRS is expected to use over half the funds for enforcement. Taxpayers can also expect to see an increase in taxpayer services.