IRS usually allows 5 years of business activity before they question if your activity is a business or a hobby. You must show a profit during at least three of the last five years, including the current year. There are exceptions to the basic rules. If your business activity does …

Explaining Capital Gains and Tax Deferment Death and taxes; while both are certain, the sting of capital gains tax can be significantly softened for real estate investors. Although the tax man likes to keep his fingers in the pockets of the American public, we do find precious instances where the …

Theres a significant negative correlation between tax morale and the perceived size of corruption. An increase in the corruption scale by one unit increases the share of subjects indicating the highest tax morale by more than 1.7 percentage points. The corruption variable also remains robust after including the trust variables …