Decision comes in malicious prosecution lawsuit the bank and UBS whistleblower Bradley Birkenfeld had brought against real estate developer Igor Olenicoff.
For commercial real estate the tax benefit provided by like-kind exchanges is "like an IRA account on baseball steroids."
There are many universally accepted, hard ‘n fast truisms in real estate investments that are quite simply factually inaccurate. Today let’s take just a few major examples. 1. Buy and hold forever. 2. Always plan to utilize tax deferral to role over gains without taxation. 3. Cash flow is ALWAYS king. 4. Investors should always sell [...]Show More Summary
A groundbreaking new economic study of the U.S. commercial real estate market released last month highlights the critical role the “like-kind exchange” tax provision plays in strengthening our economy, safeguarding property values and stabilizing rents.
Better-than-expected revenues from fares, tolls and real estate taxes, as well as savings on worker pensions and fuel, gave the MTA a $1 billion cash boost through 2019.
On June 9, the city of Chicago released a tax expansion ruling to include streaming and cloud-based data in its 9 percent gross receipt tax. Effective July 1, the "clarification" has technology companies, lawmakers and housing market experts in the city scratching their heads, wondering what the ruling covers and how much of an impact it could have...
Alan Appel (New York Law School), Structuring Investments by Foreign Persons in U.S. Real Estate Brad Badertscher (Notre Dame), Sharon Katz (Columbia), Sonja Rego (Indiana) & Ryan Wilson (Oregon), Conforming Tax Avoidance and Capital Market Pressure Bruce Bean (Michigan State) & Abbey Farnsworth, The U.S. Foreign Account Tax Compliance Act:...
Millions of buyers who took advantage of the federal homebuyer tax credit in 2009 and bought a home before the housing market officially tanked would have been better off financially if they had continued to rent...
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.