Knowledge Center

Articles May 15, 2020 Security Deposits in Residential Rentals: Accounting for Lease Income After COVID-19

The COVID-19 pandemic continues to contribute to the economic stress of today, and many are struggling to make their rent payments. This article examines the impact of landlords applying tenant’s security deposits against rents in arrears, and how to…

Articles May 06, 2020 Financial Reporting for Real Estate Under COVID-19

In addition to creating a significant liquidity crunch for landlords, COVID-19 has created accounting implications and other financial reporting considerations for real estate entities—including going concerns, asset impairment, and tenant A/R.

Articles April 21, 2020 IRS Issues Guidance for Taxpayers Adjusting Depreciation on Qualified Improvement Property

Revenue Procedure 2020-25 provides much needed guidance for taxpayers on how to make certain adjustments resulting from the recent CARES Act. This article examines that guidance, and what it can mean for taxpayers.

Articles April 14, 2020 IRS Provides Additional Guidance for Real Estate Businesses

The IRS issued two releases of importance to real estate businesses in the aftermath of the CARES Act – one impacting IRC Sec. 1031 “like-kind” exchanges and qualified opportunity funds (“QOFs”) and the other addressing the business interest deductio…

Articles April 09, 2020 Deborah Friedland Gives a Hotel Sector Update on Yahoo Finance
Articles April 07, 2020 CARES Act Benefits and Other COVID-19 Considerations for the Real Estate Industry

This guide is intended to summarize provisions of the CAREs Act that impact the real estate community as well as certain provisions of existing law that may be particularly impacted by the coronavirus situation.

Articles April 07, 2020 Changes to Qualified Improvement Property Under the CARES Act

The CARES Act included a change to the depreciation recovery period for Qualified Improvement Property (“QIP”) and provided a significant acceleration of depreciation for certain qualifying improvements.

Articles April 03, 2020 COVID-19 and CARES Act Financial Statement Implications for Real Estate Businesses

The current outbreak of COVID-19 and issuance of CARES Act have resulted in various financial statement implications that real estate companies need to consider as they operate in this changing environment.

Articles March 27, 2020 The Impacts of COVID-19 on Rental Revenue and the Resulting Tax Implications

This article is a brief overview of the tax implications of the various situations and may be helpful for property owners looking to analyze their future cash flows and any relevant tax implications.