Monthly Archives: January 2014

Investment in Real Estate Requires Careful Planning and Consultation by Laurie Jennings

Posted on January 30, 2014 by Laurie Jennings Arcia

As the economy improves, once cautious investors are eyeing real estate as a viable income-producing vehicle. According to the National Council of Real Estate Investment Fiduciaries (NCREIF) Property Index, total returns on commercial real estate investment have been strong for the past three consecutive years. Additionally, residential construction, specifically in the high-demand multi-family sector, is […]

It’s Not Too Early to Proactively Plan for 2014 Taxes by Kenneth J. Strauss

Posted on January 28, 2014

The unfortunate reality of taxes is that too many taxpayers neglect the importance of proactive planning. Often, preparation and planning do not start until a fiscal year ends and tax season begins. As a result, individuals, business leaders and their advisors end up serving as historians. They look at past activities to dictate the tax […]

Applications for EB-5 Visas Rise Along with Government Scrutiny of the Program by John Ebenger

Posted on January 24, 2014 by John Ebenger

In 2013, 6,434 foreign investors applied for visas under the EB-5 Immigrant Investor Program, which allows qualifying foreigners who invest in U.S. projects to expedite residency requirements. Launched by Congress in 1990 to help stimulate job creation through capital investment by foreign investors, the EB-5 program provides investors and their family members with temporary visas […]

FASB Eases Private Company Rules on Goodwill and Interest Rate Swaps by Hector E. Aguililla

Posted on January 21, 2014 by Hector Aguililla

On January 16, after having endorsed the consensuses of the Private Company Council (PCC), the Financial Accounting Standards Board (FASB) issued alternatives to help private companies account for goodwill and interest rate swaps in a more simplified and less costly manner than what is currently required under U.S. GAAP. Goodwill is an intangible asset represented […]

IRS Improves Procedures to Help Qualifying Organizations Apply for Tax-Exempt Status by Adam Cohen

Posted on January 17, 2014 by Adam Cohen

The IRS’s Exempt Organizations Office recently made available to charities and nonprofit organizations an online form they may use to apply for recognition of exemption from federal income taxes under 501(c)(3) and its associated schedules. The IRS expects Interactive Form 1023 to improve applicants’ abilities to complete the form by including pop-up boxes that explain […]

Highlights of the IRS Guidance Regarding Same-Sex Married Couples and Taxes by Edward N. Cooper

Posted on January 14, 2014 by Edward Cooper

Before the New Year, the IRS issued new guidance regarding the tax treatment of same-sex couples following the Supreme Court’s Windsor ruling, which struck down the key provision of the Defense of Marriage Act (DOMA). Highlights of the recent changes to IRS rules include: •Same-sex couples may now make mid-year elections to retroactively enroll their […]