1,259 results found

While the current recordation tax calculation procedures will remain in place until September 30, 2023, as of October 1, 2023, the "consideration payable" or "principal amount of debt secured…

Non-Americans who wish to purchase U.S. stocks and other financial assets should be aware of the tax consequences of investing here.

Connecticut enacted a new law in October 2017, calling for the Connecticut estate tax exemption to match the federal estate tax exemption beginning in 2020.

In late March, we wrote an open letter to state tax administrators requesting that they take steps to relieve undue tax administration burdens in the wake of the COVID-19 situation. We gave five suggestions...

The IRS has just released final regulations regarding the treatment of United States property held by a CFC in connection with certain transactions involving partnerships.

The IRS issued Rev. Proc. 2014-17, which provides taxpayers with rules for filing method changes for dispositions of tangible depreciable property.

On February 4, Gov. Chris Christie signed S1213 into law, creating a pilot program that could substantially change the property tax assessment and appeal process in New Jersey.

It's the holiday season! For many that means spending time with family and friends.

A New York court has temporarily halted the implementation of New York City's pied-à-terre tax, ruling that the city's notices to homeowners were arbitrary and violated due process rights. The judge ordered the city to restart the entire rollout process while separate lawsuits challenge the tax's legality itself. Despite the stay, property owners who received notices are advised to continue filing for exemptions pending further court guidance.

As a result of the dramatic changes in the federal tax laws created by the 2017 Tax Act, it is important that consideration be given to the comparative benefits of excluding property from a taxable estate...

A comparison of the most significant provisions of the House and Senate bills can be found here.

While those upward bracket shifts may provide meaningful tax savings on higher-value properties, Washington’s Real Estate Excise Tax (“REET”) structure remains one of the most closely watched elements of transactional planning for commercial and residential property owners and developers. Because Washington applies a tiered, progressive REET rate system for real estate sales, alongside strict rules governing the transfer of controlling interests in entities that own real property, even minor statutory adjustments can drastically alter the economics of a transaction if deal timing or contract mechanics are mishandled.

In anticipation of the tax exempt bond financing to be provided by the Hurricane Sandy and National Relief Act of 2012, the Treasury has been requested to clarify the ability to finance the acquisition and rehabilitation with tax-exempt bonds of an affordable housing project which previously received an allocation of 9% federal low-income housing tax credits.

The Washington Supreme Court recently held that property tax refund actions must be filed in the superior court of the county where the tax was collected. Hardel Mut. Plywood Corp. v. Lewis Cnty., 515 P.3d 973 (Wash. 2022).

In 2013, the county mailed letters to owners of charitable properties to justify why they should remain tax exempt.

As a result of the newly-enacted legislation, however, there is currently no requirement that Philadelphia nonprofit property owners annually recertify their eligibility for property tax exemption.

As a result of the newly-enacted legislation there is currently no requirement that Philadelphia nonprofit property owners annually recertify their eligibility for property tax exemption.