Posted on July 26, 2021
by
John Ebenger
Commercial property owners in Florida will soon receive Truth in Millage (TRIM) notices indicating the county’s appraised market value of their real estate and the estimated property taxes they can expect to pay for the year. Although it is not uncommon for landlords and developers to ignore these estimates in anticipation of receiving a final […]
Posted on June 02, 2021
by
Daniel Hughes
June 1 marked the start of the Atlantic hurricane season and the potential for tropical force winds and heavy rainfall to damage property and further impede business operations already hampered by the COVID-19 pandemic. The key to minimizing losses and getting your company back up and running after a storm passes is to have an […]
At the center of President Biden’s plan to rebuild the country’s infrastructure, create jobs and increase production of clean energy is a proposal to raise $2.3 trillion over 15 years, in large part, by increasing the corporate tax rate and reforming the international tax system. According to the administration, the Tax Cuts and Jobs Act […]
President Biden’s $1.8 trillion American Families Plan intended to help low- and middle-income families “cover basic expenses, lower health insurance premiums and reduce childhood poverty” calls for significant changes to the tax code, including higher tax rates and fewer loopholes for wealthy taxpayers. As Congress now debates whether any of the provisions included in the […]
Posted on March 18, 2021
by
Eric Green
Like so much of 2020, the Qualified Opportunity Zone (QOZ) program suffered under the weight of the COVID pandemic. In response, the IRS relaxed certain deadlines and requirements taxpayers must meet to yield the program’s generous tax savings. A second round of relief was issued by the IRS in early 2021, and a bill making […]
Posted on March 04, 2021
by
Eric Green
In January 2021, the IRS issued final regulations concerning the taxation of carried interest under the Tax Cuts and Jobs Act (TCJA) effective for tax years beginning in 2018. These regulations, which modify certain provisions of proposed guidance issued last year, bring mostly welcome changes to real estate businesses and private equity funds. Background Carried […]
Posted on February 22, 2021
by
John Ebenger
With all the economic hardships caused by the COVID-19 crisis, businesses must take the time to carefully review their financial losses to uncover potential opportunities for which they may use those deductions to maximize tax efficiency in 2020 and the years ahead. For example, much ink has been spilled over the Coronavirus Aid, Relief and […]
Posted on February 19, 2021
by
Art Lieberman
The ongoing COVID-19 pandemic continues to be a burden on the cash flow of commercial and residential real estate owners and their tenants. Many landlords have seen their rent receivables explode as a result of executing rent-forbearance agreements with struggling tenants, but they may not be certain if they will ever be able to collect […]
Posted on October 20, 2020
by
Heath Standorf
The IRS recently published final regulations regarding the business interest expense deduction limitations introduced in 2017 by the Tax Cuts and Jobs Act (TCJA) and recently updated by the CARES Act. Included in the final regulations are guidance to help taxpayers identify and calculate their interest deduction limitation and FAQs to help them understand if […]
Posted on October 06, 2020
by
Angie Adames
On Sept. 21, 2020, the IRS released the last set of final regulations regarding the 100 percent first-year bonus-depreciation deduction on qualifying business assets, which Congress introduced at the end of 2017 as a part of the Tax Cuts and Jobs Act (TCJA). The final regulations clarify and amend previous guidance relating to the definition […]
