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	<title>Minnesota Tax Lawyer, Attorney - Regan Tax Law &#187; Income and Deductions</title>
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		<title>Rental Real Estate Activities- Passive Loss Limitations</title>
		<link>http://www.regantaxlaw.com/blog/rental-real-estate-activities-passive-loss-limitations.html</link>
		<comments>http://www.regantaxlaw.com/blog/rental-real-estate-activities-passive-loss-limitations.html#comments</comments>
		<pubDate>Thu, 29 Dec 2011 17:03:40 +0000</pubDate>
		<dc:creator>Mike O'Brien</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Audits]]></category>
		<category><![CDATA[Income and Deductions]]></category>

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		<description><![CDATA[Purchasing and renting real estate can be profitable. It can also generate significant tax benefits. However, the Internal Revenue Code limits some of the tax benefits to taxpayers who are not “real estate professionals,” as defined in IRC Section 469(c)(2). In most circumstances, real estate rental activities are passive activities. The losses from a passive [...]]]></description>
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		<title>Contributing a Lake Home to a Fire Department</title>
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		<comments>http://www.regantaxlaw.com/blog/contributing-lake-home-fire-department.html#comments</comments>
		<pubDate>Thu, 22 Dec 2011 17:10:08 +0000</pubDate>
		<dc:creator>Tom Regan</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Audits]]></category>
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		<category><![CDATA[Chaitable Contribution]]></category>
		<category><![CDATA[Fire Department]]></category>
		<category><![CDATA[Lake Home]]></category>

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		<description><![CDATA[In Scharf v. Comm’r 32 T.C. Memo 1247 (1973) acq, in result, 1974 WL 36031, the United States Tax Court decided, and the IRS had acquiesced to the decision, that a charitable contribution deduction was available for the donation of a building (albeit partially destroyed) to a volunteer fire department for demolition in firefighter training [...]]]></description>
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		<title>Historic Preservation Conservation Easements &#8211; A Good Tax Shelter?</title>
		<link>http://www.regantaxlaw.com/blog/historic-preservation-conservation-easements-good-tax-shelter.html</link>
		<comments>http://www.regantaxlaw.com/blog/historic-preservation-conservation-easements-good-tax-shelter.html#comments</comments>
		<pubDate>Thu, 15 Dec 2011 16:16:03 +0000</pubDate>
		<dc:creator>Tom Regan</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Audits]]></category>
		<category><![CDATA[Income and Deductions]]></category>
		<category><![CDATA[Conservation easement]]></category>

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		<description><![CDATA[In the early 1980s, there was an almost endless supply of tax shelters promising deductions and credits that produced benefits far in excess of the investor’s contribution. These shelters were not just for wealthy, promoters pushed them on the average income earner as both a great business opportunity and an investment that would more than [...]]]></description>
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		<title>Debt Forgiveness</title>
		<link>http://www.regantaxlaw.com/blog/news-section-15.html</link>
		<comments>http://www.regantaxlaw.com/blog/news-section-15.html#comments</comments>
		<pubDate>Sat, 31 Oct 2009 16:22:32 +0000</pubDate>
		<dc:creator>Tom Regan</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Income and Deductions]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>

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		<description><![CDATA[Reducing or Eliminating the Tax Impact of the Forgiven Debt What are the tax implications when someone forgives debt that you legally owe? Is the amount forgiven taxable income to you? It really depends on a variety of facts. In this article, we will briefly address some of the things every taxpayer should know about [...]]]></description>
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