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Like-Kind Exchanges: Tax Deferral Strategies on a Sale of Property

Many taxpayers looking to grow their business, changing their real estate investment strategy, or receiving an offer they just can’t refuse to sell

Know the Tax Considerations for a Construction Allowance in Your Lease

The negotiation of the construction allowance is an important part of a lease transaction; however, those negotiations rarely consider the tax consequences.
Real Estate
Kevin Baker | 7.31.2014

Are You a Real Estate Professional?

While designation as a Real Estate Professional may be only a matter of semantics in the business world, it can have very real consequences in the world
Real Estate
Carl Scharf | 6.18.2014

Like-Kind Exchange Denied Due to Disqualified Intermediary, Taxpayer's Son

In a recent Tax Court Memo 2014-110, an individual’s sale of real property and subsequent purchase of unimproved land failed to qualify as a §1031

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A Victory for Residential Home Builders

A win for the residential home building industry, Shea Homes, Inc. (Shea) v. Commissioner could have a significant impact on how a few home builders defer

Final Reminder to Group Rental Real Estate Investments and Save You $$$

A taxpayer who is a real estate professional and participates in the management of multiple rental real estate properties may make an election on his or

FASB Releases Troubled Debt Restructuring by Creditors ASU

In late January, the Financial Accounting Standards Board (FASB) issued FASB Accounting Standards Update (ASU) No. 2014-04, "Reclassification of Residential

Red Flags at Your Red Roof

What is the top priority of every thriving hotel property? You got it – customer service. A good hotel manager wants to spend most of his or her

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Real Estate
Kyle Hazen | 11.5.2013

Can Mortgage Prepayment Penalties and Late Penalties be Deducted

When taxpayers see “penalty,” the general assumption is the expense is non-deductible. Oftentimes, when borrowers pre pay all or even a portion

Warning to Real Estate Professionals: "Keep Good Records of Time Devoted"

A recent case decided by the United States Tax Court (Hofinga, TC Summ. Op. 2013-43) reaffirmed the notion that taxpayers claiming to be a “real

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