Mr. Bush paid an effective tax rate of 40 percent in 2013, but his dealings in real estate allowed him to pay almost no income tax in the 1980s.
Top developers in the city are questioning the legality of the deal to revamp the 421-a tax exemption program for housing, notably a provision empowering the Real Estate Board of New York and the... To view the full story, click the title link.
Chicagoans who pay to stream movies and music from services like Netflix and Spotify will now need to fork over an additional 9 percent for the privilege, as will Chicago businesses that pay to use everything from real estate to court databases online, under a decision the city quietly made recently...
REITs (real estate investment trusts) have come under intense scrutiny. The media and lawmakers criticize REITs because they erode the corporate tax base. A careful study reveals, however, that even though they may erode the corporate tax base, REITs do not seriously affect government tax revenue, so they are benign from a tax-revenue perspective. Show More Summary
Bradley T. Borden (Brooklyn), Reforming REIT Taxation (Or Not), 53 Hous. L. Rev. ___ (2015): Tax law treats the income of real estate investment trusts (REITs) differently from the income of regular corporations. Income distributed by regular corporations is subject to an entity-level tax and a shareholder-level tax, while taxable...
The city's exploding real estate market has been a boon for the Metropolitan Transportation Authority. The authority has received $732.4 million this year from mortgage and property-sale taxes, which... To view the full story, click the title link.
To successfully leverage debt and taxes, an investor must have the right plan plus a great tax advisor who understands real estate investing and the tax laws. To help your real estate clients build long-term wealth, these four tax-free investment strategies can be great tips to share when selling and buying property...
White House advisor Valerie Jarrett was tasked by President Obama with trying to kill a controversial income tax perk used by the "wealthy and well-connected." Yet she made a killing on a Chicago real estate deal by enlisting the same...Show More Summary
Plus: New Money Masters, the Next Generation of Leaders in Money and Finance NEW YORK (June 17, 2015) – The Forbes special 2015 Investment Guide features the smartest stock buys, real estate strategies, tax ploys and income plays from the world’s best market minds in the June 29, 2015 issue of [...]
Earlier today, real estate mogul, reality TV star and noted gasbag Donald Trump announced that he is running for President. If my math is correct, approximately 37% of the population is now seeking the Republican nomination and the right to take on Hillary Clinton in November 2016 for a spot in the White House. While [...]
Sen. Rand Paul opposes a small business tax-based ploy to revive the recently failed trade deal. The House voted today to delay the deadline for doing anything about the bill until the end of July. Donald Trump's self-marketing ployShow More Summary
Real estate developers anticipating the expiration of the controversial 421-a tax exemption, which will expire at the end of the month, are scrambling to file their projects with the city. The... To view the full story, click the title link.
Those purchasing real estate for the first time will quickly realize that the costs can add up quite fast ! Luckily, there are some government programs in place to assist first-time home buyers. 1. First-time Home Buyers' Tax CreditShow More Summary
Just like summertime in Las Vegas, the real estate market has been Hot Hot Hot! With the summer months approaching, we are meeting with more and more clients that are looking to take advantage of the market while it is on its way up. Whether it’s buying more properties, selling existing properties, or refinancing to [...]Show More Summary
The governor said time has already run out on Mayor de Blasio’s plans to overhaul a controversial tax break given to real estate developers.
Many of today's real estate professionals are clueless about the mechanics of property taxation. But they shouldn't be. It is an important part of the industry and another knowledge set that a skilled agent should possess. It can be a lasting added-value service to their clients and aid in maintaining repeat business...
Bradley Borden (Brooklyn), Rethinking the Tax-Revenue Effect of REIT Taxation, 17 Fla. Tax Rev. 527 (2015): Real estate investment trusts (REITs) have recently made headlines in major media outlets and have caught the attention of lawmakers and analysts because they erode the corporate tax base. REITs are not subject to...
Pay me now, tax me now. A real estate operator agreed to build and lease a building to a tenant, […]
Real estate investors come in all shapes, sizes and financial backgrounds. There are so many ways to invest in real estate. You can flip houses, buy notes, invest in delinquent property tax, become a foreclosure expert, buy and hold property, invest in single family or multi family homes, buy into mobile home parks, become a [...]Show More Summary
Earlier this week, it was revealed that over 100,000 tax payers may have had their personal information stolen from the IRS. This data breach is potentially causing hiccups with real estate transactions currently in process too. With every mortgage, a borrowers income is verified with tax transcripts from the IRS. The tax transcripts are compared to other […]