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Subject Author Date
At Risk Rule, IRS Raquel666 04-08-2007
`--> Re: At Risk Rule, IRS Stuart A. Brons...04-09-2007
Posted by Raquel666 on April 8, 2007, 8:32 pm
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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. >>
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Posted by Stuart A. Bronstein on April 9, 2007, 2:13 am
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> 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"?

Does your company borrow money that won't have to be paid
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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