Examlex
Once an allergen is identified in a child with allergic rhinitis,the treatment of choice about which to educate the parents is
Material Participation
A taxpayer's active and regular involvement in the operations of a business to qualify for certain tax benefits.
Passive Activity
An economic activity in which the investor does not materially participate and often includes rental activities or limited partnerships.
Limited Partner
An investor in a partnership who is not involved in daily business operations and whose liability is limited to the amount invested.
Passive Loss Rules
Tax regulations that limit the amount of passive activity losses (from investments in which the taxpayer does not materially participate) that can be deducted in a given year.
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