More about jeremy.siebert@CLAconnect.com
Jeremy is a Principal in the Real Estate Industry. He is a trusted advisor with close to 10 years of experience providing accounting, assurance, and consulting services to real estate industry owners, operators, and developers.
Blog Posts by jeremy.siebert@CLAconnect.com:
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The 2025 Federal Budget: What Tax Changes Might Impact Real Estate
President Biden has released his 2025 budget and supporting tax revenue proposals, commonly known as the Green Book. While the Green Book serves as a conceptual starting point for discussions with Congress, it provides insight into Democratic tax policy. These proposals are subject to legislative approval (which may be unlikely in the Republican controlled House) […]
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New Audit Standards Real Estate Companies Need to Meet for 2024
2024 is officially under way and compliance season has kicked off. Like all other years, the one constant in accounting is change. This year’s changes come from the American Institute of Certified Public Accountants (AICPA) and include updates to Statements on Auditing Standards (SAS). These audit standard updates apply to all entities, regardless of the […]
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It’s Year-End…Let’s Find Some Deductions!
Fixed asset reviews and repair and maintenance studies can be effective tools in year-end tax planning. Prior to December 31, 2022, taxpayers were able to benefit from 100% bonus depreciation on certain assets for federal and (possibly) state income tax purposes. The amount of allowable bonus depreciation began to be reduced effective January 1, 2023. […]
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How You Might Be Impacted By New SEC Rules
The Securities and Exchange Commission (SEC) recently adopted rules and amendments to enhance the regulation of private fund advisers. The reforms are designed to protect investors by increasing the transparency into the operations of their fund investors. The sweeping rule changes are over 600 pages long. Below are a couple of key changes fund advisors […]
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Internal Control Refresher for Property Managers
In the Association of Certified Fraud Examiners’ latest occupational fraud study, real estate organizations had the highest median losses of any industry that was examined ($435,000). Internal control is an organization’s greatest weapon in the fight against fraud, but anti-fraud procedures may become obsolete without consistent monitoring and analysis. This week, some of CLA’s greatest […]
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IRS Provides Relief for Those Affected by California Weather
In response to the severe flooding that has affected many California residents beginning January 8, 2023, the IRS has announced an extension for tax filings and payments for those affected by the disaster. The disaster area covers the counties of Colusa, El Dorado, Glenn, Humboldt, Los Angeles, Marin, Mariposa, Mendocino, Merced, Monterey, Napa, Orange, Placer, […]
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Preparation Tips for your Year End Audit
A tumultuous year is quickly coming to an end, which signals a time of rest and relaxation for many. If you are a CFO, Controller, or private industry accountant, the end of the year might not bring you as many warm and fuzzy vibes as the rest of the world. To help reduce some of […]
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Tax Court Nullifies Conservation Easement Penalty Notice
The U.S. Tax Court ruled last week that IRS Notice 2017-10 was issued without properly following the required Administrative Procedure Act (APA) notice-and-comment procedures. This ruling nullifies the guidance that was provided in the Notice, which designated certain syndicated conservation easements as “listed transactions” and required them to be disclosed to the IRS on Form […]