PAL

(redirected from Passive Activity Loss)
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PAL

abbreviation for posterior axillary line.

PAL

physical activity level

Patient discussion about PAL

Q. I think I have got involved with a man who had a bipolar, he never mentioned it I need to talk to somebody,pls The problem is he would never even admit it if I ever ask him. He's nice and caring and the next day he would disapearing without any reason, after a few weeks he would come back again even without saying sorry and repeats over and over again.... I need to talk to somebody... Thank you

A. I have read your question/answers; an where i come from we would call him a player-he can be a player and bipolar at the same time,as a man i would let him make the first move and see where it goes from there.If you are having so much stress from this person now/think about living with him later--is it worst your mental health/an stress on your system to be with him/if a person really loves you he wouldnt leave for no reason like he is doing----think about your life with him ?------------mrfoot56

More discussions about PAL
References in periodicals archive ?
would be analogous to the benefit of the passive activity loss rules: a
X corporation's taxable income for 1993 would be computed as follows: Gross income $200,000 Total deductions $195,000 Reduced by suspended passive activity loss (20,000) Allowable deductions (175,000) Taxable income $ 25,000
Under similar facts, the Tenth Circuit held that the suspended losses were deductible by the S corporation under the passive activity loss rules.
The passive activity loss rules are avoided whenever the taxpayer materially participates in a nonrental activity.
469 passive activity loss rules for the rental real estate activity by meeting the material participation standards of Sec.
Many developers are unable to effectively utilize tax credits because of alternative minimum tax requirements and passive activity loss limitations.
Finally, the passive activity loss rules reduce his deductible loss to zero.
Unlike a suspended passive activity loss, which is deductible upon the disposition of the taxpayer's interest in the activity, disallowed passive activity credits will not be able to be used after the disposition of the interest unless the taxpayer has passive income from other activities.
All noncorporate taxpayers, including pass-through entities such as estates and trusts, are subject to the passive activity loss (PAL) rules of IRC Sec.
Because this LLC is treated as a partnership," he said, "the passive activity loss rules will apply to the Members of the LLC, and if there is a particular member not participating, they will suspend LLC losses at the member level and not use them.
8) The excess of the passive activity loss over the taxpayer's passive activity income, plus the disallowed passive activity credit, is treated as a deduction or credit in the next year.