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Helpful.Have used IRM enough in the past but only for cites/references. Need to locate an overview course on it and spend some more time with it. Thanks.P.S. Wi...
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I thought the same thing until I discovered that the 2555 exclusion only excludes Schedule C net income from income tax....but not from S/E tax. Hence, the S/E ...
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For anyone who has had to do this before...Recognizing that filing a 'protective claim for refund' v. an 'actual claim for refund' may follow two separate proce...
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If Schedule C.....1/2 S/E tax deduction may give rise to NOL....despite 2555 netting to zero. See NOL classification worksheet.P.S. That was a new one for me to...
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I'm pretty sure that 1.776 fund provides audit protection as well. 🙂