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- Title
IRS CHIEF COUNSEL ADVICE FINDS SUBSTANTIAL SERVICES SUBJECT RENTAL INCOME TO SELF-EMPLOYMENT TAX.
- Authors
VINCENT, SCOTT
- Abstract
The article reports on the U.S. Internal Revenue Service's (IRS) Letter Ruling 202151005 that provided IRS Chief Counsel Advice on the application of self-employment tax to certain rental income. Topics discussed include passive activity income or loss, tax on the self-employment income of individuals, and examples of situations where services rendered for the convenience of occupants such as hotels, boarding homes, and warehouses.
- Subjects
RENT taxes; INCOME tax; PASSIVE activity losses; UNITED States. Internal Revenue Service
- Publication
Journal of the Missouri Bar, 2022, Vol 78, Issue 1, p33
- ISSN
0026-6485
- Publication type
Article