4th Quarter, 2009
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4th Quarter, 2009 |
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IRS Eases Lien Process for Distressed Homeowners
By Ralph Kuhen, CPA, Tax PartnerThe Internal Revenue Service (IRS) has announced an expedited process that will make it easier for distressed homeowners to avoid having a federal tax lien blocking the refinance of a mortgage or sale of the home. Read more >>> Gauging Timing Gain in an Exchange
By Mira Finé, CPA, Tax PartnerIn the typical delayed Section 1031 exchange, the exchanging party has up to 180 calendar days to acquire like-kind replacement property in order for the transaction to obtain tax-free treatment. The 180-day period is measured from the date the relinquished property is sold. Read more >>> Leasehold & Related Interests
Complicate Like-Kind Property
By Tracy Fenwick, CPA, Senior Tax ManagerThere are different kinds of "things" or "rights" that may be exchanged in a Section 1031 like-kind exchange. Real estate such as land or buildings can be easily exchanged for almost any other type of real estate. However, leaseholds and related interests are not exactly real estate, but in many instances they are permitted to be treated as such and therefore will qualify for 1031 treatment. Read more >>> Replacing the Roof Raises Tax Questions
By Alison Dunnebecke, CPA, Tax PartnerDangerous weather patterns in the summer and fall months cause problems for residential and commercial businesses alike. Questions often arise regarding the tax aspects of the replacement of a roof, particularly for commercial buildings. Read more >>> The Current State of Apartment Living – Good, Bad or Ugly?
By David Harlan, CPA, Tax PartnerThe economy has stopped what could have been a significant recovery for apartment rentals throughout the country. Job losses and low consumer confidence, true in virtually all parts of the nation, have collaborated to send apartment residents back home with family members in order to marshal cash resources. However, all should not be doom and gloom. Read more >>> |
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Welcome
to our newest edition of Real Estate,
Construction, & Development Industry Insight,
our quarterly newsletter dedicated to these
industries. We’ve made a few changes around
here, expanding from what was simply real
estate to include construction and development
as well, areas that we’ve naturally made
the extension to in recent years. We’ve
also chosen to go with an electronic versus
paper format! In addition to its environmental
benefits, it allows us to manage and update
our articles online, keeping you in the
loop and allowing you to refer back to
past issues at any time. We also love the
navigational ease, and the fact that you
can now read full bios on each author.
We hope that while you’re already on our
website, you’ll also check out our latest
firm news and upcoming events. We’re excited
about our new ode to technology, and we
hope you agree!