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Effective May 13, 2019, the Internal Revenue Service (IRS) changed the requirements for obtaining an employer identification number (EIN).

Pennsylvania real property tax appeal "season" is upon us once again. It's important that a property owner not take an assessment at face value.

Property owners in 19 Ohio counties have from January 1, 2025, to March 31, 2025, to formally challenge the real property tax valuation of their properties; otherwise, they must wait until the following year.

At the turn of the new year, New York City unveiled a city-funded adaptation of the 421a tax incentive (named after Section 421a of NY Real Property Tax and Proceedings Law)...

Commercial real estate buyers are cautioned to update their due diligence checklists.

Leni Cummins discusses the recent bill signed by Governor Kathy Hochul that will require co-op and condo boards to pay prevailing wages to their building staffers in order to receive the coveted...

Managing Partner, Todd Robinson, joined Momentum's podcast this week to provide insight on multifamily deal structures.

In early July 2017, in a case titled Valley Forge Towers Apartments N, LP, et al. v. Upper Merion Area School District & Keystone Realty Advisors, LLC, No. 49 MAP 2016, the Pennsylvania Supreme Court delivered a landmark decision constitutionally curbing the rights of taxing jurisdictions to file selective appeals under Pennsylvania's Consolidated County Assessment Law.

Seller financing offers an alternative path to homeownership for buyers who struggle to meet conventional lending requirements, providing flexibility for both parties while potentially avoiding broker fees. However, these transactions require careful legal documentation including loan agreements, promissory notes, and deeds of trust to prevent adverse consequences. A real estate attorney can guide buyers and sellers through the complexities of seller-financed deals, from drafting paperwork to addressing tit

Recent developments in Philadelphia County present a potential opportunity for property owners in the county to reduce their real property tax burden through the filing of a real estate assessment tax appeal.

On Nov. 16, 2022, the Chicago City Council approved an ordinance designating the development site for a proposed multi-family residential development as eligible to obtain a new property tax...

It has been a little over two years now since Senate Bill 102, otherwise known as the Live Local Act (the "Act"), was signed into law. Although the...

Before this recession, many property owners overlooked a fruitful area for reducing costs by failing to challenge the basis on which real estate taxes are assessed.

Last summer, the Kentucky Department of Revenue (the "Department") responded to a letter from Fayette County Property Valuation Administrator ("PVA") David O'Neill seeking guidance...

May 31 is the deadline for filing property tax assessment appeals in the Michigan Tax Tribunal on commercial and industrial real property. Assessment notices sent in February show the assessed value and...

The IRS recently adopted final regulations that eliminate the requirement that taxpayers who have made an election under Code Section 83(b) with respect to receipt of restricted property file...

Holiday cheer is over, and a new year has begun. Like every new year, the time to challenge property tax assessments quickly approaches throughout Winter and Spring.