Real Estate Articles
Tax Implications of Business Succession
Posted by Cheryl A. Jankowski on March 17, 2025
The strategies for transferring business ownership include family transfers, trusts, employee buyouts, ESOPs, and sales to outside buyers. Each option is analyzed for its tax consequences, such as gift tax, estate tax, capital gains tax, and corporate deductions, providing a comprehensive guide to succession planning.
Navigating Tax Implications on Real Estate Gains
Posted by Michē Needham on August 12, 2024
The tax implications of real estate gains can vary based on factors like property type, ownership structure, and depreciation. While long-term capital gains are generally taxed at 15% or 20%, certain gains, particularly those involving depreciation, may be taxed at higher rates. Additionally, the 3.8% Net Investment Income Tax (NIIT) and state taxes could also apply.
Understanding the Tax Implications of Selling Business Property
Posted by Cheryl A. Jankowski on July 08, 2024
Understanding the tax implications of selling business property is crucial due to the complex rules involved, particularly regarding long-term capital gains and recapture rules. Different types of property, such as Section 1245 and Section 1250 properties, have specific tax treatments that must be carefully considered. For detailed guidance on specific transactions, professional consultation is recommended.
2023 Year-End Tax Planning Guide for Businesses - Real Estate
Posted by Brian Kern on February 07, 2024
As part of year-end planning and looking ahead to the coming year, real estate businesses should review how current tax rules apply to their transactions and the effects of any changes to those rules.
Claiming Qualified Real Estate Depreciation Deductions
Posted by Michē Needham on June 23, 2023
If your business has a choice to deduct real estate expenses or depreciate them over several years, the decision may seem simple, but there are a number of factors to consider.
Should Your Nonprofit Downsize Your Office Space?
Posted by John Anderson on May 19, 2023
Is your office space being utilized with the shift created by the pandemic to work from home? Review your office space and lease to determine options that fit the current work environment.
Inflation Reduction Act of 2022
Posted by Cory Van Deusen V on March 16, 2023
Take a look at these articles related to the Inflation Reduction Act of 2022.
Tax Consequences of Renting to a Family Member
Posted by John Anderson on January 06, 2023
Be aware of the rental tax rules when renting to a family member, special rules apply.
Tax Treatment of Intangible Assets
Posted by Douglas Muth on December 01, 2022
The IRS has specific regulations on the cost of intangible assets. We can guide you through the rules.
Tax Treatment of Computer Software Costs
Posted by Hayden Coll on November 16, 2022
Whether you buy, ease or use proprietary software all our subject to tax, and can be complex based on your circumstances.