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Tax

Sep. 24, 2005

Passive-Activity Rules Bear on Tax Shelters in Startling Ways

Focus Column - Tax Law - By Boyd D. Hudson and Robert A. Yahiro - Business owners frequently own real estate and other business assets personally and lease them back to their companies. This is a common method for the owner to remove funds from the company and deduct the lease or rental payments for tax purposes, rather than pay the owner a nondeductible dividends or additional compensation subject to employment taxes.

        
        
        
Focus Column

Tax Law
        
By Boyd D. Hudson
and Robert A. Yahiro
        

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