[{"articleAbstract":"Qualifying as real estate professionals allows taxpayers to avoid having their rental real estate activities treated as per se passive. This article discusses the requirements for qualifying as a real estate professional and how the requirements have been interpreted by the IRS and the courts.","articleTitle":"Real Estate Professionals: Avoiding the Passive Activity Loss Rules","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2014/jul/skarbnik-july2014"},"sortDate":"2014-07-01T00:00:00.000-05:00"},{"articleAbstract":"The owners of an LLC may be tempted to have the LLC elect to be treated as an S corporation for federal tax purposes. However, there are a host of issues that should be considered before making this move. In this article, the authors discuss 10 reasons why it may not be beneficial for an LLC to make an S corporation election.","articleTitle":"10 good reasons why LLCs should not elect to be S corporations","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2022/oct/10-good-reasons-why-llcs-should-not-elect-s-corporations"},"sortDate":"2022-10-01T05:00:00.000-04:00"},{"articleAbstract":"This article lays out the steps for determining whether a taxpayer qualifies as a real estate professional.","articleTitle":"Navigating the Real Estate Professional Rules","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2017/mar/navigating-real-estate-professional-rules"},"sortDate":"2017-03-01T05:00:00.000-05:00"},{"articleAbstract":"The CARES Act corrected an error that had made qualified improvement property ineligible for bonus depreciation; IRS regulations and guidance explain how to take advantage of the change.","articleTitle":"Qualified improvement property and bonus depreciation","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2021/sep/qualified-improvement-property-bonus-depreciation"},"sortDate":"2021-09-01T05:00:00.000-04:00"},{"articleAbstract":"The M\u0026A market is poised to regain its pre-COVID-19 activity levels as many business owners seek to exit closely held businesses or explore alternatives. One popular transaction that could emerge is Sec. 368(a)(1)(F) reorganizations F reorganizations) of S corporations.","articleTitle":"Private equity and F reorganizations involving S corporations","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2020/sep/private-equity-f-reorganizations-s-corporations"},"sortDate":"2020-09-01T05:00:00.000-04:00"}]