In determining gain or loss on sale of a partnership interest, taxpayers are often surprised to find they have a taxable gain. This post reviews some typical examples of such a sale and how they are treated for tax purposes....
The new tax law places a new limit on the amount of interest expense businesses can deduct on their tax returns. This new limit will punish over-leveraged companies and discourage companies from becoming too leveraged. Starting in 2018, businesses can only deduct interest based upon...
An Umbrella Partnership Real Estate Investment Trust (UPREIT) can provide tax deferral benefits to commercial property owners. This post discusses the tax implications for UPREITs....
Tax season is upon us, and with it comes a variety of changes that business owners need to know about. This post shares an overview of some of the most important changes. ...
Acquiring U.S. real estate from a foreign seller? Make sure you are familiar with your filing obligations under FIRPTA. ...
Zero cash flow deals do not provide current cash flow, but can offer tax savings through depreciation deductions and appreciation of the real estate in the long-term....
Using the correct basis to compute taxable gain? Here's what you need to know....
According to the IRS, most types of U.S. source income paid to a foreign person are subject to a withholding tax of 30 percent. This income may include earnings from real estate trade/business, passive rental income or sale of property. Read more...
