While Congress has been obsessing about tax inversions, it turns out another—potentially more important–tax avoidance technique is getting increased attention from the business community: Spinning off tangible assets into Real Estate Investment Trusts (REITs). Show More Summary
U.S. authorities are letting Windstream call its telecom cables real estate, qualifying them for tax breaks. And a partnership will shield Hess assets from the IRS. Politicians, though, are indignant over firms that move overseas – even when home-grown tax loopholes are costlier.
Who remembers the 'Queen of Mean', Leona Helmsley...the real estate investor and hotelier who did time in the hokey for tax evasion? She was friends with Imelda Marcos and the Noriega family...and left a $12 million trust fund to her dog when she passed away. Show More Summary
Politicians are indignant over firms that move overseas -- even when home-grown tax loopholes, like real estate investment trusts and master limited partnership trusts, are costlier, Christopher Swann of Reuters Breakingviews writes...
There’s more than one way for a corporation to reduce taxes. It doesn’t have to reincorporate itself overseas. It could instead spin off a part of itself into a publicly traded real estate investment fund. As long as the new REIT distributes...Show More Summary
By Egon Zee Research: After reducing adjusted operating expenses by 57% year over year and 13% quarter over quarter, BlackBerry (NASDAQ:BBRY) is focusing on revenue growth. The non-recurring events like real estate sales, tax refunds,...Show More Summary
Florida Governor Rick Scott really knows how to pick a fundraiser. Last month, he was scheduled to attend a $10,000-a-plate event at the home of a real estate developer who'd done prison time on tax charges. Hours after Mother Jones disclosed the event, Scott canceled it. Show More Summary
Bloomberg, Limit on Contracts for Inverted Companies Wins in House Forbes, Five Stages Of Grief, IRS Version, by Robert W. Wood Forbes, The IRS Finally Figures Out The Real Estate Professional Rules, by Tony Nitti Forbes, Hate Taxes? Move To Tax-Free Puerto Rico, Stay American, Avoid IRS, by Robert W....
A newly-released memo indicates that the IRS will no longer hold real estate professionals to an illegal standard in determining passive […]
The Los Angeles City Council moved forward Tuesday with plans to allow a real estate developer to keep $39.2 million in taxes expected over 25 years from a downtown hotel and residential project planned next to the 110 Freeway.
For decades, if one wanted to launder a few million (or billion) without paying taxes and attracting undue government attention, the proper venue were bank accounts in Geneva, Zurich or Bern. However, following recent events when courtesy...Show More Summary
Georgia Multiple Listing Service is partnering with CRS Data to provide public tax record information from all 159 Georgia counties to its 26,000 members. CRS’s Real Estate Suite will allow Georgia MLS members to evaluate tax assessor information including sales...
Marya Alsati-Morad , Associate Director, Commodity Indices Homeowners choose the time to sell their home for various personal and socioeconomic reasons but also for financial considerations such as mortgage rates, tax consequences, current property values, and the holding period. Show More Summary
It Depends. Whether or not a gift is tax deductible generally depends on who the recipient is. For example, if you wanted to gift one of your rental properties to your kids, that is not a tax deduction to you. Gifting a property to a...Show More Summary
Wealthy Austrians have gotten together to demand their government tax them more. In a cover story in the Austrian weekly magazine Profil, a dozen or so bankers, CEOs, real estate moguls and inheritors say they have a civic duty to give...Show More Summary
Real estate investing is an excellent means of diversifying your funds and can be accomplished through a self-directed IRA (SDIRA). There are several big pitfalls that investors can succumb to leading to a loss in tax advantages or causing you to suffer large fines and additional taxes. Show More Summary
Some Wall Street executives have left their high-paying jobs to sell luxury real estate, The Wall Street Journal reports. Leveraging their expertise on topics like trust law and tax shelters, some of these ex-bankers are able to bring home just as...
As an investor, I love looking at houses where-ever I go. In fact, I am probably like most investors that always have real estate on the mind. Whether traveling to look for properties or managing properties while on the road, a portion...Show More Summary
A real estate developer who received a $105 tax incentive after a change in state law is drawing unwanted attention
A wealthy backer and chief campaign fund-raiser for Chris Christie got a $106 million subsidy for property development thanks to a timely change in New Jersey law, it was reported Monday. Real estate magnate John Hanson, a close ally...Show More Summary