Monthly Archives: May 2010

Revenue Procedure 2010-13, Rev. Proc. 2010-13, Passive Activity Issues

The Internal Revenue Service (IRS) recently issued Revenue Procedure 2010-13. This Rev. Proc. requires taxpayers to file a statement that is attached to their income tax return that declares that separate activities are grouped together for purposes of the passive-loss rules. If this statement is not attached to the return the IRS could contend that […]

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