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Tax Benefits to Renting Rather than Selling a Vacation Home

(Accounting Web) - Does your client own a vacation home? Are they thinking about selling it? They may want to reconsider that move and rent it out instead. Tax expert Julian Block explains how the latter benefits those who own vacation properties.



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New PPP Guidance Addresses Maturity Dates, Loan Amounts 
(JofA) - Updated Paycheck Protection Program (PPP) guidance issued Thursday and Friday by the Treasury Department and the U.S. Small Business Administration (SBA) addresses PPP loan maturity dates for all borrowers as well as maximum loan amounts for certain self-employed individuals.


How to Collaborate on Microsoft Whiteboard 
(How-to-Geek) - A whiteboard is a great tool for collaborating with others. If you’re working remotely and can’t physically gather around one, though, you’ll need a virtual solution—like Microsoft Whiteboard.


Lesson From The Tax Court: Cheshire Cat Jurisdiction Over Passport Revocation Petitions 
(TaxProf Blog) - Congress keeps expanding the Tax Court’s subject matter jurisdiction. A recent expansion came in 2015 in the cutesy-cutesy named Fixing America’s Surface Transportation Act (FAST Act, get it?)...


Will Office Buildings Ever Be the Same? Empire State Offers Clues 
(Reuters) - The Empire State Building has been a symbol of America’s economic might for almost 90 years. Of late, it’s also become a symbol of its struggle with the coronavirus.


IRS Wasting Millions on Audits with No Results, Watchdog Says 
(Accounting Today) - The Internal Revenue Service wasted $22.7 million auditing tax returns that resulted in no additional revenue for the federal government, according to an agency watchdog.



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