More about courtney.devane@claconnect.com
Courtney is a Tax Principal in CLA's Real Estate industry group and has more than 17 years of experience providing accounting, tax and consulting services to real estate owners, operators and developers. She also consults with high net-worth individuals and owners of closely-held businesses on all aspects of tax planning.
Blog Posts by courtney.devane@claconnect.com:
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Tax Hedging in a Volatile Interest Rate Environment
Real estate companies often add significant debt loads to their balance sheets when acquiring rental properties. In a rising interest rate environment, a real estate company’s profit margins can quickly erode if the company has issued floating rate debt. Conversely, in a declining interest rate environment, a real estate company could suffer adverse P&L consequences […]
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Live Local Florida’s Proposed Impact, One Year Later
Passed in March 2023, Florida CS/SB 102 (“Live Local Florida”) provides funding and incentives for real estate developers and homebuyers – such as tax benefits and the ability to bypass traditional zoning procedures – when activities relate to increasing the availability of affordable housing. Changes to local government zoning approvals under Live Local Florida With […]
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Transforming the Sunshine State: Exploring the Impact of Senate Bill 264 on Foreign Ownership in Florida’s Real Estate
Florida law limits certain foreign buyers from acquiring real property in the state.
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IRS Takes Aim: Sweeping New Compliance Efforts Announced
The IRS recently announced the start of a “sweeping, historic” effort to restore fairness to the tax system, made possible by funding from the Inflation Reduction Act (“IRA”). Their plan to restore fairness in tax compliance focuses on shifting more attention to high-income earners, partnerships, large corporations, and promoter’s abusing our nation’s tax laws. The […]
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Hidden Tax Consequences of Real Estate Foreclosures
Real property foreclosures can result in various tax consequences, largely dependent on the type of debt involved. Read on for the discussion.
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Significant Tax Law Change to Research and Experimental Costs
Significant changes to IRC Section 174 that impact the tax treatment of Research and Experimental Expenditures are here. Taxpayers need to be prepared for the impact.
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Improvements on the Horizon at the Internal Revenue Service?
According to National Taxpayer Advocate, Erin M. Collins, improvements are being made at the IRS and there is reason for optimism.