Did you know your business losses can be suspended under the “passive activity loss” rules?
Don’t panic. It’s “grouping” to the rescue.
So what’s grouping all about? It’s a strategy for owners of several businesses. A proven strategy that lets you enjoy all the benefits of the intricate passive-loss rules.
The basic strategy involves grouping your business activities into economic units. If they pass muster, you can take advantage of the passive-loss rules and save big money.
I’ll explain the complex rules that govern grouping, in easy-to-understand language when you read my new article titled Grouping: Tax Strategy for Owners of Multiple Businesses.
Three ways my fact-filled article can help you:
- I’ll tell you the five grouping factors the IRS considers when evaluating your tax return. These five factors are given the greatest weight in determining whether activities constitute an appropriate economic unit for the measurement of gain or loss. Get full details when you READ the full article.
- I’ll show you how to correctly elect to group. If you fail to follow the requirements of Revenue Procedure 2010-13, your activities will be treated as separate activities for the passive-loss rules. Then, the IRS will deny your grouping benefits. You’ll get the whole story when you READ the full article.
- You’ll learn why keeping accurate records is so important. To stay on the IRS’s good side, you’ll need to keep track of your time. For full details, READ the full article.
Want to make sure you get all the deductions you’re entitled to?
Take a moment and…
CLICK HERE to get my complete article.
Grouping: Tax Strategy
for Owners of Multiple Businesses
