How the CARES Act Can Help Real Estate Companies
On March 27, 2020, the President signed the Coronavirus, Aid, Relief, and Economic Security (CARES) Act to support the economy with loans, subsidies, and some much-needed tax relief. One highly-anticipated tax provision was a fix to the definition of Qualified Improvement Property (QIP) to allow for a 15-year life
Families First Coronavirus Response Act Signed into Law by President Trump
The federal government continues to move quickly in providing support for families and businesses impacted by COVID-19. As of Thursday, March 18th, President Trump signed into law the Families First Coronavirus Response Act (H.R. 6201), following the Senate’s passage of a revised bill originally passed on March 14
Deadline Extension: Treasury and IRS Announce 90 Day Payment Delay
At a press conference held today, U.S. Treasury Secretary Steven Mnuchin announced that taxpayers will receive a three-month extension of time to pay the income taxes owed for 2019. During the three-month deferral period, taxpayers will not be subject to interest and penalties. As of the time of this writing,
Tax Reform vs. Real Estate Investors: Why you won’t be filing on a postcard, Part I
To provide clarity on the effect of tax reform on the real estate industry, we will be focusing on a different aspect of the newly passed legislation every month. Keep in mind that there still are many open questions as to how these new provisions will apply to taxpayers. The
Last Minute Ideas to Reduce Your 2017 Federal Tax
There’s a lot of buzz – and rightfully so – over the latest tax bill! We haven’t seen reform like this in three decades, and there will be a lot to cover. Like most things tax related, careful planning that meets your unique circumstances will be critical for 2018. We