The Real in Real Estate – How COVID Relief Funding Can Change the Game on Your 2020 Tax Return
Major COVID-19 relief legislation provides some much-needed breathing room for hard-hit real estate entities. The Coronavirus, Aid, Relief and Economic Security (CARES) Act and The Consolidated Appropriations Act 2021 (CAA) are designed to help businesses recover and thrive – and one highly anticipated tax provision is a fix to
Understand the New Rules on Like-Kind Exchanges of Real Property
First, the Big Picture In 2017, the Tax Cuts and Jobs Act (TCJA) made a significant change in a taxpayer’s ability to defer gain under the like-kind exchange rules of Code Section 1031 – including narrowing the applicability of section 1031 to an exchange of real property. That property
179D Tax Benefit for Energy-Efficient Buildings
Owners of energy-efficient commercial buildings have the opportunity for potentially significant income tax breaks, based on the extension of section 179D of the Tax Cuts and Jobs Act (TJCA). The Energy-Efficient Commercial Buildings deduction 179D was part of TJCA in 2017, and was set to expire – but in December
Making the CARES Act Work for Your Business
Specific Tax Provisions to Leverage for Optimized Results The March 27th, 2020 signing of the Coronavirus Aid, Relief, and Economic Support (CARES) Act created immediate economic support in the form of loans, subsidies, and much-needed tax relief, including several important tax provisions. The CARES Act increases interest expense
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
Opportunity Zones Impact Investing – More Than Just Tax Savings
On Wednesday, February 5, Barnes Dennig (BD) and Buechner Haffer Myers & Koenig (BHMK) hosted a panel discussion on Opportunity Zones. In an intimate, small group setting, our attendees were able to hear useful information, personal stories and some nationally recognized news from our panelists, which included: Brian Redden (BHMK)