Real Estate Blog

Blogs October 17, 2019 Get the Maximum QOF Tax Benefits Before We Ring in the New Year

A notice regarding the December 31, 2019, deadline to take full advantage of Qualified Opportunity Zone tax benefits which encompass the areas of deferral, reduction and elimination.

Blogs October 09, 2019 New QOF Investor Reporting Requirement

There is a new reporting requirement for Qualified Opportunity Funds. Taxpayers should use Form 8997, Initial and Annual Statement of QOF Investments, which consists of four parts.

Blogs October 01, 2019 IRS Provides Rental Real Estate Safe Harbor for QBI Deduction

IRC Sec. 199A provides a deduction to non-corporate taxpayers of up to 20% of the taxpayer’s qualified business income from each of the taxpayer’s qualified trades or businesses, including those generated through a partnership, S corporation or sole …

Blogs September 25, 2019 NCSHA Publishes Opportunity Zone Fund Directory

The Qualified Opportunity Zone Program, as authorized in the Tax Cuts and Jobs Act of 2017, incentivizes investment in designated low-income communities.

Blogs September 19, 2019 California Punts on Qualified Opportunity Zone (QOZ) Conformity

The California legislative session has ended for the year with no action on Opportunity Zone Fund (OZF) conformity.

Blogs September 18, 2019 What’s the Best Basis of Accounting for Your Real Estate Company?

An examination of the factors a real estate entity should consider when deciding upon using either U.S. GAAP or the income tax basis of accounting.

Blogs September 03, 2019 Tax Relief for NJ Renters on Transient Accommodations

New Jersey amended the Oct. 2018 law that imposed sales and use tax on transient accommodations. Only rentals that are professionally managed or rented through a marketplace or travel agency are subject to the sales and use tax

Blogs August 26, 2019 Combatting Vulnerabilities in Building Control Systems

How can you combat building control systems attacks? Recommendations include protecting network devices with a firewall, constantly monitoring network traffic for irregular activity, developing patches to the software in a timely manner.

Blogs July 22, 2019 Converting Residence to Rental: Critical Considerations

Make sure you consider all of the tax implications when deciding to convert your residence or vacation home to a rental property. This will allow you to make the choice that best suits your personal financial goals.