Bradford Tax Institute

Blog

  • Home
    • About the Publisher
    • About the Site
  • Resources
    • Free Newsletter
    • New Articles
    • Webinars
    • Tax Courses
  • Contact
  • Search

How one subscriber saved $55,000 fighting an IRS audit

July 19, 2021

To get my complete, FREE article
with all the details…

One of our husband-and-wife subscribers to the Tax Reduction Letter had a big tax deduction denied by the IRS.

But thanks to the advice they got in one of our issues, they were able to successfully win their appeal and keep their $55,000 deduction!

Here’s the back-story.

The husband and wife owned three rental properties:

  • A condo rented on a month-to-month lease
  • A single-family home rented on a month-to-month lease
  • A vacation cabin rented on a one-week basis for 20 weeks a year

The IRS auditor reviewed the couple’s return, considering several important factors including:

  • The wife’s status defined as a “real estate professional”
  • The “500-hour rule” requirement
  • The “material participation” requirement
  • The “more than 100 hours” requirement

We can’t explain all these factors right now (no space!), but we will explain them when you read my complete free article.

The result of the couple’s appeal…

They defended their position vigorously, showed where the IRS went wrong, and kept their $55,000 deduction!

The punch line.

Just because the IRS examiner disallows your deductions, does not mean they aren’t deductible.

To learn what it takes to get all the deductions you’re entitled to, you need reliable information. The kind you’ll find in the Tax Reduction Letter.

Want to get the whole story?…

CLICK HERE and read the full, fact-filled article titled:

“How one subscriber saved $55,000
fighting an IRS audit”

To get my complete, FREE article
with all the details…

Filed Under: Audits, Husband and wife business, Records, Rental Properties, Spouse, Tax Planning

Test It Out

If you are not yet a subscriber, CLICK HERE. You’ll get a no-obligation 7-day FREE trial during which you can read, not only the article above, but all of our helpful tax-saving tips. This trial is absolutely free, you don't need a credit card, and there are no strings attached. That’s a personal promise.

Free Ezine

Email:

Are you a tax professional (CPA, EA, tax lawyer, tax preparer)?
   

For Tax Professionals

Learn how the Bradford Tax Institute can help you as a tax professional help your one-owner clients pocket more after-tax money and become raving fans.

Learn More »

For One-Owner Businesses

If you or you and your spouse own the business and you are looking for tax benefits, learn how we can help you keep more of hard-earned money and give less to the IRS.

Learn More »

Articles by Category

Bradford Tax Institute Blog

Operations

1050 Northgate Drive, Suite 351
San Rafael, CA 94903
E-Mail: contactus@bradfordtaxinstitute.com
Telephone: (415) 446-4340
Fax: (415) 446-0127

Editorial

1701 Pennsylvania Avenue, N.W., Suite 300
Washington, DC 20006
E-Mail: contactus@bradfordtaxinstitute.com
Telephone (202) 652-2293
Fax (202) 580-6559

Copyright © 2015 BradfordTaxInstitute.com