Rationale for Increased Taxes on Commercial Real Estate Governments have faced substantial revenue shortfalls due to the pandemic’s adverse economic impact. To address these budgetary gaps, policymakers have explored different options to boost revenue streams. Increasing taxes on commercial real estate is an attractive option as it targets an asset class known for generating substantial […]

Feb 7, 2023 – The Internal Revenue Service published a revised Audit Technique Guide (ATG) in June of last year to assist examiners in the review and examination of cost segregation studies. Updates were necessitated due to changes in the tax law from the passage of the Protecting Americans from Tax Hikes (PATH) Act of

When a property is acquired in a Sec. 1031 like-kind exchange, tax preparers should consider several facts before deciding how to best depreciate the carryover basis from a relinquished property. When a cost segregation study is also considered on the newly acquired property, additional analysis is recommended before finalizing the Sec. 1031 tax basis calculations.

Do you own commercial or investment real estate that has substantially increased in value? If you sell the property, you may be hit with a huge capital gain tax liability. A possible solution: Consider a Section 1031 exchange (also known as a like-kind exchange) in which you swap qualifying properties while paying zero or little

There are various types of real estate investments. Each has different tax strategies; however, in this commentary, we will solely focus on direct investment in commercial, residential and multifamily properties. For most investors, tax strategies play a crucial role in the profitability of the investment. Not having a strategy in place can quickly eat away

Between March and April of 2021, roughly a year after the United States issued lockdown protocols across the country, consumer price inflation increased from less than 3% to more than 4% Year-over-Year. Financial headlines at the time were dominated by words like “Transitory” in trying to grapple with the swift rise up to 7% and

BALTIMORE, MD – Treasurer of the United States Chief Lynn Malerba, joined by U.S. Senators Benjamin L. Cardin and Chris Van Hollen, U.S. Representative Kweisi Mfume, and Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris, today announced more than $5 billion in New Markets Tax Credit (NMTC) awards nationwide. Speaking at the recently