1,260 results found

Property Appraisers from around the State of Florida are beginning to report total market values for their respective counties, and all indications across the board are that property owners

On February 21, U.S. Housing and Urban Development (HUD) Secretary Ben Carson announced a significant expansion of a Federal Housing Administration (FHA)

Jared Walczak of the Tax Foundation joins the GeTtin' SALTy podcast to examine the growing movement to eliminate real property taxes in the United States, using Ohio as a detailed case study. The discussion explores the fiscal challenges of replacing property tax revenue, the impact on local government accountability, and alternative policy solutions like levy limits and circuit breaker programs that address taxpayer concerns without dismantling the property tax system.

New York City's newly enacted pied-a-terre tax targets high-value properties not used as primary residences, aiming to generate approximately $500 million in additional revenue. The tax's troubled rollout has created significant complications for property owners, particularly those holding real estate through trusts and LLCs, while raising constitutional questions that may signal a broader national trend in luxury property taxation.

Nikki Dobay and Glenn Newman explore New York City's controversial pied-à-terre tax, examining its rushed implementation, administrative challenges, and potential constitutional vulnerabilities. The discussion reveals how this new surcharge on high-value non-primary residences may face legal challenges while setting a precedent for similar taxes nationwide.

President-elect Trump and Republicans in Congress have both called for estate tax repeal. Repeal legislation is very likely to be proposed next year and may be enacted...

Such investment can be an attractive alternative to revive properties whose prior use may have become obsolete.

The most important development of 2025 in the tax world was the passage of the OBBBA in July. The OBBBA permanently restored 100% bonus depreciation for eligible business property acquired after January 19, 2025...

The IRS has released field attorney advice denying bonus depreciation to the owner and operator of a hotel complex because the taxpayer failed to demonstrate when costs were incurred for each property.

Last year, Kutak Rock's public finance tax group worked on about 30 tax-exempt bond issues which were going through IRS audits or "compliance checks" (document requests)...

On November 23, 2020, the IRS and Treasury issued final regulations (T.D. 9935) that amend and finalize proposed regulations issued in June, 2020.

On July 26, 2016, the IRS issued final regulations under Section 83 of the Internal Revenue Code of 1986...

Ownership structures using real estate investment trusts are common in the Senior Housing industry.

The Opportunity Zone program was created by the 2017 Tax Cuts and Jobs Act and is intended to increase investment in areas designated as Opportunity Zones (i.e., economically distressed communities).

Treas. Reg. Sec. 1.263A-1(b)(13) provides that the origination of loans is not considered the acquisition of property for resale.

The IRS has ruled (PLR 2012-29-007) that an S corporation’s rental income is not passive income under Section 1362(d)(3)(C)(i).

The IRS has finally taken a view on the exception to FIRPTA (the Foreign Investment in Real Property Tax Act) for publicly traded stock of a United States real property holding corporation...

Louisiana voters will decide on March 29 whether to approve more than 100 pages of revisions to the state constitution related to ad valorem taxes and other fiscal issues.