Taxes

This is the last reminder because valuation appeals are accepted from December to March 31.  Your chances of winning are about half so it’s well worth doing, but must be done correctly and [...]

http://www.irs.gov/newsroom/article/0,,id=254383,00.html It’s that time of the year again.  This one is scary.  It’s bad enough having your identity stolen let alone have the perp [...]

Just a reminder.  Valuation appeals are accepted from December to March 31.  Your chances of winning are about 50 – 50 so it’s well worth doing, but must be done correctly.   Lock [...]

Valuation appeals are accepted from December to March 31.  Your chances of winning are about 50 – 50 so it’s well worth doing, but must be done correctly.   Take a look at the short [...]

I few posts ago I promised that I would go into greater detail regarding aspects of a commercial lease that the prospective buyer needs to examine carefully.   Without the underlying leases the [...]

Linked is a US Tax Court case ruling that came down earlier this year that emphasizes the 750 + hour per year active management requirement and documentation required.  Also Discussed in the IRC [...]

Given that fee simple, single tenant, single parcel, national credit, long corporate triple net or absolute net leased retail opportunities are as hot as they are for 1031 exchanges, buyers are [...]

This is an informational post for landlords and property owners brought to our attention by Randyl Drummer at CoStar News.  Commercial real estate owners and landlords have been excluded from [...]

Good question Steve.   Under IRS Section 1031, cash or other non-like kind property actually or constructively received by the taxpayer in a tax deferred exchange (commonly referred to as [...]

This has become an annual legislative fight since the Democrats regained control of congress in 2007.  Just the uncertainly alone casts serious doubts and further delays the commercial real [...]

Steve Rosansky put together a comparison of what could be a common scenario to show the advantage of doing a 1031 exchange versus cashing out. In this example he makes the assumption that a [...]

True, the 180 day 1031 exchange deadline for closing deadline is absolute (with certain exceptions) and one is if the relinquished or replacement property is in a presidentially declared disaster [...]

Once every six months or so I post a basic primer on 1031 Exchanges.   This one is more for first timers and doesn’t cover anything more esoteric such reverse exchanges.   This is still a [...]

IRS Audit statistics from the IRS 2010 Data Book.  This should make good bedtime reading to help you sleep better or a good storybook for the kids. http://www.irs.gov/pub/irs-soi/10databk.pdf

At the link is tax attorney and qualified intermediary Steve Rsansky’s 1031 update.  Steve Rosansky – 1031 Update

 Just a reminder for my Columbus, Ohio / Central Ohio / Franklin County readers – your property tax valuation appeals must be filed by today, March 31.  If filing in person it must be done [...]

As the commercial real estate market gets back to whatever normal is you can expect to see the utilization of 1031s to get moving again.  So in Steve Rosansky’s March 2011 newsletter, he goes [...]

Thanks once again to Steve Rosansky for updated 1031 exchange rules and rates reflecting the tax cut extensions and their impact on 1031s.  The CRE market is coming back around this year, and [...]

I’ve posted tax attorney Steve Rosansky’s work here several times before. Today’s article is about the recent Bush tax cut extensions and the effect on 1031 exchanges.  I won’t attempt to [...]

Below is an embed video from the NAR explaning the 3.8% tax.