The tax brackets stop at $0 of taxable income — having taxable income below $0 doesn’t mean your tax liability is a negative number or that the government “pays you more money.”
It's a holiday week so I'm re-posting popular blog posts from the past. This post from January 2013 deals with allocating basis in a rental property between the house and the land.
Self-employment tax is the bane of existence for many sole proprietors. And it’s often a surprise to people who are new to self-employment -- they file their tax return and find out that things often turn out much differently when you’re self-employed.