Tag Archive: "Real Estate"
-
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) […]
-
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 […]
-
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 […]
-
Intersection of Current Tax Legislation and Opportunity Zones?
Opportunity zone legislation has been proposed several times over the past two years, but the current political uncertainty makes its future uncertain.
-
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 […]
-
Property Tax Appeals
The commercial real estate industry continues to face challenges with high interest rates, looming debt maturities, low transaction volumes, wide bid/offer spreads, and reduced property values. It would be easy to assume that local property tax assessors would take these widely publicized issues into account with their assessments. Jack Schinder says otherwise: “You might […]
-
Bipartisan, Bicameral Tax Proposal in the News
House Ways and Means Committee Chairman Jason Smith (MO – 08) and Senate Finance Committee Chairman Ron Wyden (D – OR) announced a bipartisan, bicameral tax framework that would “promote the financial security of working families, boosts growth and American competitiveness, and strengthens communities and Main Street businesses.” The proposal is titled, “The Tax Relief […]
-
Our Top 10 Blog Posts of 2023
The end of the year is a great time to reflect on the year that was and to express gratitude for those that made an impact on our lives. On behalf of my colleagues and fellow bloggers, Courtney DeVane, Brian Duren and Jeremy Siebert, we sincerely thank you for your loyal readership and engagement. In […]
-
Workforce Housing Tax Credit Introduced in Congress
Earlier this month, Senate Finance Committee Chairman Ron Wyden (D-OR), Senator Dan Sullivan (R-AL), and Representatives Jimmy Panetta (D-CA) and Mike Carey (R-OH) jointly introduced the Workforce Housing Tax Credit (WHTC) Act. The proposal aims to increase the supply of affordable housing for middle-income families, generally deemed as those who earn too much to qualify […]
-
The Power of the Real Estate Professional
In general, rental activities are passive activities even if a taxpayer materially participates in them. But, if a taxpayer qualifies as a real estate professional, the rental real estate activities in which the taxpayer materially participates are not considered passive activities. To say it differently, a real estate professional who materially participates in a real […]