Category: Real Estate

Real Estate

IRS Extends Tax Deadlines for Broward County Residents by Karen A. Lake, CPA


Posted on May 22, 2023 by Karen Lake

The IRS extended until August 15, 2023, various federal tax filing and payment deadlines for individuals and businesses impacted by recent storms, tornadoes and flooding in South Florida’s Broward County. This relief is available to individuals who reside or have a business in a federally declared disaster area or whose records necessary for filing tax […]

Qualified Opportunity Zone Issues, Challenges and Other “Pain Points” for Investors and Developers by Arthur J. Lieberman


Posted on February 28, 2023 by Art Lieberman

Opportunity funds are going into their sixth year since their 2018 launch. They got off to a slow start as the IRS struggled to issue guidance on the many statutory rules applicable to these funds while the states struggled to designate the areas eligible for qualified opportunity fund investments. Covid also became a challenge, causing the IRS […]

R&D Tax Credits Can be a Boon to Real Estate Businesses by Spencer J. Solove, CPA


Posted on February 21, 2023 by Spencer Solove

Mentioning the federal research and development (R&D) tax credit often conjures up images of scientists in white coats conducting lab experiments. Truth be told, the credit, which can reduce taxpayers’ federal tax liabilities, applies to a wide variety of activities conducted by companies outside of labs in an even broader range of industries, including construction […]

Real Estate Owners, Builders, Contractors Can Find Valuable Tax Savings in New Law by Kevin McNally, JD


Posted on February 14, 2023 by Kevin McNally

The passage of the Inflation Reduction Act in 2022 ushered in new and expanded tax-saving opportunities for individuals and businesses that produce, adopt and/or invest in energy-efficient technologies, including wind, solar and geothermal power. This includes an extension of tax savings to commercial real estate property owners and, for the first time, real estate investment […]

Tax Efficient Pre-Immigration Planning Takes Time by Magda Szabo, CPA, JD, LLM


Posted on January 10, 2023 by Magda Szabo

The United States continues to be a destination for foreign citizens to invest their assets, conduct business and, in many cases, make their permanent home. Those individuals seeking U.S. residency often find the path to citizenship lined with a wealth of opportunities, a broad range of new responsibilities and costly liabilities, including U.S. income tax, […]

Answers to Frequently Asked FATCA Reporting Questions by James W. Spencer, CPA


Posted on November 14, 2022 by Jim Spencer

The U.S. government first enacted the Foreign Account Tax Compliance Act (FATCA) over a decade ago to combat the global issue of tax evasion and make it more difficult for individuals and businesses to hide assets offshore and outside the purview of U.S. tax authorities. While foreign financial institutions bear much of the responsibility for […]

Changes Ahead for Bonus Depreciation by Joshua P. Heberling, CPA


Posted on November 07, 2022 by Joshua Heberling

Companies considering a purchase of certain tangible business assets may want to accelerate those acquisitions in 2022 before they lose the full benefit of 100 percent bonus depreciation, which will begin phasing out at the end of the year. Under the Tax Cuts and Jobs Act passed into law in 2018, businesses gained the ability […]