I am knee deep in another interesting file under dispute with our esteemed taxing authorities involving At-Risk Limitations. This is intended as the first of many posts on the topic as I navigate the shoals of a relatively complicated file that involves equipment leasing by a closely held C Corporation.
Complimentary references for this post originate from:
- IRS Form 6198 At-Risk Limitations
- IRS Form 6198 At-Risk Limitations – Instruction Set
- 26 U.S. Code § 465 – Deductions limited to amount at risk
- IRS Publication 925 – Passive Activity and At-Risk Rules
- IRS Audit Technique Guide – Passive Activity Loss
What are the At-Risk Rules?
Recent Comments