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Pennsylvania Real Estate Tax Discounts

You bought your first house; congratulations! Now you will join other homeowners in paying property tax to your municipality, county and school district.

Construction Spending: 2016 on the rise, 2017...TBD

The United States Department of Commerce on January 3, 2017 reported that construction spending continues to be on the rise, reaching an over ten-year

IRS Extends Five Year Eligibility Limitation

The Internal Revenue Service (“IRS”) issued Notice 2017-6 on December 20, 2016, which extends for one year the five year eligibility limitation

New Lease Standard and Impact on the Construction Industry

On February 25, 2016, the Financial Accounting Standards Board (FASB) issued its new lease accounting standard, FASB Accounting Standard Update 2016-02
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Significant Changes to the Use of Bonus Depreciation on Nonresidential Real Property Beginning in 2016

Bonus depreciation, which was scheduled to expire after 2014, was extended through 2019 by the PATH Act. Under the PATH Act, 50 % bonus depreciation applies
Construction, Real Estate, Tax
| 10.21.2016

Planned Community Developers Score Significant Court of Appeals Win

Planned community developers scored a significant win in August when the United States Court of Appeals for the Ninth Circuit upheld a U.S. Tax Court decision

New Lease Standard and Impact on the Real Estate Industry

On February 25, 2016, the Financial Accounting Standards Board (FASB) issued its new lease accounting Standard, FASB Accounting Standard Update 2016-02

Are Typical Americans Actually Doing Well Financially?

On July 28, the AICPA released the results of its Personal Financial Satisfaction Index (PFSi) for the second quarter of 2016, and some may find it surprising
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Real Estate Sector Moving on up to the S&P 500 Side

Effective September 1, 2016, the Global Industry Classification Standard (GICS), the basis for the S&P and MSCI indices, will be updated to include

Housing Statistics Off to a Good Start in 2016

The housing market wrapped up a strong year in December 2015, which resulted in big boosts for some companies like Home Depot. Coming off a strong 2015,
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