Creative 1031s
Tax attorney Steve Rosansky’s newsletter arrived today and covers creative 1031 exchanges plus the new small business 1099 reporting requirements for business related purchases of over $600. [...]
Small Business Stimulus Bill Passed by Congress and Signed by President
The President, on Monday, signed into law the Small Business Jobs Act of 2010. The bill, which Congress passed last week, expands loan programs through the U.S. Small Business Administration [...]
1031 – Distressed Property acquisitions
This piece, authored by Steve Rosansky, goes into great detail regarding how to properly treat distressed property purchases in 1031 exchanges. As always, see your trusted CPA or tax attorney [...]
1031 – Intent to Hold for Investment
Taxpayer must show intent to hold both the relinquished property and replacement property for investment or for use in a trade or business. Tax court rules this is a requirement for any exchange [...]
1099s and New Tax Reporting Rules
Can November get here soon enough? “But the cost of that paper trail could swamp the small companies, sole proprietors freelancers forced to generate it. Pennsylvania business networking [...]
Jerome Village is a Go
Since I’m originally from Westerville Ohio and many of my California clients own property in Columbus, I’ve been watching the opportunity in Jerome Township, NW of Dublin unfold for [...]
Carried Interest Tax
Another topic of concern that has passed the house and awaiting a vote in the senate. Given the majority in the senate, it will also likely pass there too. Real Estate Groups Warn That Carried [...]
California’s One Action and Anti-Deficiency Laws
At the the link is a ‘simplified’ overview of the California One Action and Anti Deficiency law authored by Alan Martin at Sheppard Mullin. Some of the major points made in the [...]
US Treasury Changes Tax Rules
Treasury eases tax rules concerning commercial real estate loan revisions so existing loans can be modified without triggering tax penalties. Treasury Eases Tax Rules for Commercial Real Estate [...]
LEED Credentialing
CoStar Group — a commercial MLS, published a good piece on LEEDs credentialing. I thought that many of you developers and contractors would be interested in reading it. This isn’t [...]