ArticleColorado Property Tax Reduction OpportunitiesColorado is a booming real estate market and, as a result, commercial and industrial property taxes are rising again. United StatesTaxDuff and Phelps
ArticleDon't Overlook Your Property Taxes This HolidayIt's that magical time of year… when property tax valuations for the next fiscal year are mailed out all over the land. United StatesTaxDickinson Wright PLLC
ArticleFederal Judge Grants IRS "John Doe" Summons Seeking California Gift Tax RecordsA federal district court judge in California has granted the IRS's "John Doe" Summons request seeking to obtain the names and records of California taxpayers who, from 2005 to 2010, transferred property to their children or grandchildren for less than full consideration. United StatesTaxCaplin & Drysdale, Chartered
ArticleFiling Period For Commercial Property Tax Appeals Commences – Nassau County Publishes 2027/28 Tentative Assessment RollOn January 2, 2026, the Nassau County Department of Assessment published the tentative assessment roll for the 2027/28 tax year. This preliminary tax roll sets a value for each and every property in Nassau County...United StatesTaxFarrell Fritz
ArticleFlorida’s Revised Property Tax Amendment Ballot LanguageThis amendment increases the homestead exemption, for all non-school taxes, to $150,000 in 2027, and $250,000 in 2028, and adjusts for inflation thereafter. It requires the legislature to prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the homestead exemption up to full assessed value, and allows special districts, subject to referendum approval, to do the same.United StatesTaxJones Walker LLP
PodcastGeTtin' SALTy Episode 47 | Texas Legislative Insights, Politics, And State Tax Priorities (Podcast)In this episode of Gettin' Salty, host Nikki Dobay is joined by colleagues Elizabeth Hadley and Catalina Baron from Greenberg Traurig's Texas offices to discuss the ongoing...United StatesTaxGreenberg Traurig
PodcastGeTtin' SALTy Episode 62 | California Property Tax Update: Unpacking The Olympic & Georgia Partners Decision (Podcast)In this episode of GeTtin' SALTy, host Nikki Dobay welcomes back Greenberg Traurig Shareholder Colin Fraser to break down the California Supreme Court's recent decision in Olympic & Georgia Partners.United StatesTaxGreenberg Traurig
ArticleGovernment Asserts The Defendants Lied And Cheated The IRS Out Of Over $1.3 Billion: The Government's Opening Statement Of The United States V. FisherThe first criminal prosecution of syndicated conservation easement promoters began on July 18, 2023, with the government laying out its case against defendants Jack Fisher...United StatesTaxPolsinelli PC
ArticleIllinois Taxpayers Score Rare TIA Win In Property Tax DisputeOn January 29, 2020, the U.S. Court of Appeals for the Seventh Circuit held the Tax Injunction Act did not bar a federal lawsuit ...United StatesTaxPillsbury Winthrop Shaw Pittman
ArticleIRS And California Provide Tax Relief For LA County Residents And BusinessesThe IRS on Friday, January 10, 2025, extended tax payment and filing deadlines to October 15, 2025, for Los Angeles County individuals and businesses...United StatesTaxNossaman LLP
ArticleIRS Discusses Tax Depreciation For Continuing Care Retirement CommunitiesIn a Chief Counsel Memorandum released on November 25, 2011, the Internal Revenue Service (the "IRS") Office of Chief Counsel said that a taxpayer operating a continuing care retirement community ("CCRC") can properly treat its facilities as residential real property subject to a 27.5 year recovery period. United StatesTaxBlank Rome LLP
ArticleIRS Identifies Monetized Installment Sales As A Listed TransactionOn August 4, 2023, the IRS published proposed regulations that, if finalized, would identify monetized installment sale transactions as a listed transaction.United StatesTaxPolsinelli PC
ArticleLong Island School Districts Face Scrutiny Over Excess Cash ReservesTwelve Long Island school districts exceeded New York State's legal limit on unrestricted cash reserves during the 2025-26 school year, holding nearly $3.64 billion collectively. While administrators defend these reserves as prudent financial planning against inflation and unexpected costs, taxpayers question whether excess funds should instead be applied to reduce their substantial property tax burdens, which already see school taxes comprising more than half of homeowners' total property tax bills. United StatesTaxFarrell Fritz
ArticleMaryland General Assembly Establishes A "Maryland Only" CDEOn April 8th, the Maryland General Assembly enacted The Housing and Community Development Financing Act (the "Act")...United StatesTaxDuane Morris LLP
ArticleMichigan Property Tax AppealsThe deadlines for property tax appeals are approaching on May 31 for commercial industrial properties and July 31 for residential properties. Those deadlines have not been extended as a result of the COVID-19 crisis.United StatesTaxDickinson Wright PLLC
ArticleMoFo New York Tax Insights - Volume 9, Issue 11A New York State Tax Appeals Tribunal decision reversing the determination of an Administrative Law Judge and holding that a bond-rating agency was entitled to a refund of sales tax. In ruling for the rating agencyUnited StatesTaxMorrison Foerster
ArticleNew Reporting Regime: Estates Who Have to File Federal Estate Tax Returns Need to be Aware of New Basis Consistency LawOn July 31, 2015, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 introduced new tax law that affects executors who are required to file a federal estate tax return...United StatesTaxBowditch & Dewey
ArticleNo $713 Million Deduction In Partnership Basis-Shifting TransactionThe U.S. Tax Court issued its decision in Otay Project LP v. Commissioner, sustaining the IRS' disallowance of more than $713 million in deductions attributable...United StatesTaxHolland & Knight
ArticlePied-à-Terre Tax Surcharge Creates New Planning Considerations For Luxury NYC Property OwnersThe New York State Legislature recently enacted the Pied‑à‑Terre Tax (PAT) Surcharge, introducing a significant, additional annual real estate tax on certain high-value New York City residential properties...United StatesTaxFarrell Fritz