Not much to report, but, as usual, I do not want to end a week without any BUZZ. I had prepared a BUZZ installment for last week but it got totally lost in Word.
BTW - I completed the last Form 1040 (actually 1040-SR) of my 50th tax filing season on Tuesday, October 12th and delivered it to the client on Wednesday, October 13th. I am now officially retired from preparing 1040s!
Don’t worry – I haven’t retired from writing. I will continue to post here at THE WANDERING TAX PRO.
* A person who qualifies as a “real estate professional” is entitled to certain tax benefits when deducting rental losses. The NATP BLOG answers the question “How do you determine if a taxpayer is considered a real estate professional?”
* The NATP Blog also discusses “Navigating home office deductions”.
* This just in - “IRS extends tax deadlines for some Hurricane Ida victims in Mississippi” - from Michael Cohn at ACCOUNTING TODAY.
TTFN
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