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Planning for Deferred Tax Liabilities on Opportunity Zone Investments
Opportunity zone investors are schedule to recognize significant tax liabilities on deferred gains invested into qualified opportunity funds. Determining strategies to manage or minimize these taxes is a critical action in the OZ toolkit.
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A Nice Surprise for California Taxpayers and Practitioners on October 16th
Today, the Internal Revenue Service (IRS) further postponed tax deadlines for most California taxpayers (55 of California’s 58 counties, all except Lassen, Modoc and Shasta counties, qualify) from October 16, 2023 to November 16, 2023. While the State of California generally conforms to disaster relief extensions announced by the IRS, final confirmation from the Franchise […]
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Being Grateful
In the spirit of gratitude, some of my amazing real estate and private equity colleagues chose to share what they are grateful for this time of year: “I am appreciative of the real estate industry team and everyone at CLA’s willingness to take on new responsibilities and embrace challenges. Our real estate industry team reaches […]
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CLA Talks: Big Changes to Sections 45L and 179D
The Inflation Reduction Act, which was signed into law by President Biden on August 16, 2022, provides for substantial enhancements and improvements to two existing tax incentives, Sections 45L and 179D. In our latest CLA Talks recording, Courtney DeVane joins CLA’s Property Brothers, Aaron Woiwode and Jared Woiwode, to discuss the changes, which are expected […]
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Weathering the Storm: SEC Proposes Expansive Climate Disclosures, Big Potential Impact to Real Estate Companies
The Securities and Exchange Commission (“SEC”) has periodically evaluated its regulation of climate change disclosures. In response to increased investor demand for climate and other environmental, social and governance factors, the SEC recently proposed rules that would require publicly traded companies to disclose extensive climate-related information in their SEC filings (registration statements and annual reports). […]