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Real Estate


IRS Audit Issues for Real Estate Owners
Thomas Kosinski

In recent years, the IRS has audited only about 0.5% of individual income tax returns. Their audit choices have been more high net worth returns and larger businesses with more tax issues. However, based on recent tax legislation, the government has provided more IRS funding to help close the tax gap — the difference between […]


Real Estate and Divorce: Here is What You Need to Know
Joshua Goldschmidt

In many divorce cases, real estate assets are among the most valuable at issue, whether they are limited to the couple’s principal home or include investment property. Numerous factors come into play when determining how such assets will be divided. Read on to learn about some of the most critical real estate assets. Marital vs. […]


Walking Away from a Real Estate Contract: How Is a Forfeited Deposit Treated for Tax Purposes?
Ryan Kertes

Often, when a real estate deal falls through, the buyer forfeits the down payment or deposit. When this happens, what are the tax implications for the buyer and seller? The answer, as with many tax questions, is “it depends.” In this case, it depends on whether the property is considered a “capital asset.” Internal Revenue […]


Growing Cybersecurity Vulnerability in Real Estate and Construction Industries
Irina Heyer

In the last few years, real estate and construction leaders have made great strides to implement modern technologies into their regular practices. While these advances have uncovered additional efficiencies in the chain supply, performance, progress, logistics and safety, their adoption has created a critical vulnerability: Data security. Different studies confirmed that more that 75% of […]


Restructuring Mortgage Debt? Watch Out for COD Income
Jeffrey Newman

In tough economic times, real estate owners and investors often work with their lenders to restructure mortgage debt. Lenders may be willing to reduce the interest rate, extend the repayment term or even forgive a portion of the debt. These modifications can provide welcome financial relief, but it is important to understand the tax implications. […]


Deferring a Tax Hit With a Section 1031 Exchange
Adam M. Levine

Do you own commercial or investment real estate that has substantially increased in value? If you sell the property, you may be hit with a huge capital gain tax liability. A possible solution: Consider a Section 1031 exchange (also known as a like-kind exchange) in which you swap qualifying properties while paying zero or little […]


First-Year Bonus Depreciation and Section 179 Expensing: Watch Out for the Downsides
Kathy Z. Jeziorski

Many companies are eligible for tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders for a business’s cash flow, but whether to claim them is not always an easy decision. In some cases, there are advantages to following the regular depreciation rules. So it is critical to look at the […]


Tax Implications of Buying and Renting Out Units in an Owner-Occupied Multi-Unit Building
Joshua Goldschmidt

If you have ever considered buying a multi-unit building and renting out one or several units you are not alone. Potential positives to these properties include that real estate often increases in value, they may qualify for residential loans, they may be easier to manage due to being under one roof and these properties offer […]


Greening Your Projects Can Bring In More Green
Justin L. Sylvan

Whether you are developing commercial or residential projects, tenants and future owners are increasingly prioritizing environmentally-friendly features. Businesses with a strong focus on corporate social responsibility are increasingly expecting a better indoor environment, lower operating costs and enhanced market value for their spaces. To avoid falling behind the competition, you need to stay on top […]


How To Prepare for a 2021 Lease Audit
Stephanie M. Zaleski-Braatz

Over the past two years, businesses have endured many unexpected changes and disruptions, and the impact on corporate real estate and the workplace has been drastic. As your organization adapts for the future and evaluates the cost of office occupancy, you should act now by conducting a 2021 lease audit in the upcoming months. This […]

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