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If you purchase real property from a foreign person or entity, you may be required to withhold taxes from your payment to the seller under the Foreign Investment in Real Property Tax Act (FIRPTA).

Under Section 505(a)(1) of the Bankruptcy Code, generally a bankruptcy court may determine the amount or legality of any tax.

Do you think that your property's real estate tax assessed value is higher than the actual market value?

Recent legislative changes have fundamentally altered New Jersey's Mansion Tax, shifting payment responsibility from buyers to sellers and introducing a graduated fee structure for high-value real estate transactions. Understanding these changes is critical for anyone involved in property sales exceeding $1 million, as the tax can represent a substantial closing cost that affects deal economics and negotiation strategies.

On August 28, 2025, the California Supreme Court issued a pivotal decision in Olympic & Georgia Partners, LLC v. County of Los Angeles, 574 P.3d 642 (2025)...

Louisiana is aggressively pursuing aerospace industry businesses with newly enacted tax incentives that provide state and local sales/use tax rebates and extend property tax abatements to aerospace manufacturing facilities.

William Kania is an 80-year old certified public accountant who owns a 52% interest in a Pennsylvania accounting firm.

On May 23, 2024, the Illinois Supreme Court issued a highly anticipated ruling on whether a taxpayer is required to pay its property tax bill before pursuing an appeal at the Property Tax Appeal Board (PTAB).

Real Estate Investment Trust ("R.E.I.T.") is an entity that generally owns and typically operates a pool of income-producing real estate properties, including mortgages.

The IRS has issued final regulations (T.D. 9599) under Section 1273 related to whether property is publicly traded under Treas. Reg. Sec. 1.1273-2(f).

It is not unusual for someone to convert a personal home into a rental property.

Congress passed the Consolidated Appropriations Act, 2021 (the Act) on December 21, 2020. The Act, which is 5,593 pages, contains a number of stimulus measures designed ...

The Commonwealth of Massachusetts' Appellate Tax Board has again ruled that a ‘virtual' net-metered solar PV project is exempted from property taxation...

As a business owner, you already know that running a successful enterprise involves more than just providing a great product or service. There is a whole world of financial considerations to navigate...

New York City has introduced an annual tax on luxury residential properties not used as primary residences, targeting owners of high-value second homes who benefit from city services without paying resident income tax.

New York State has enacted a pied-à-terre tax targeting luxury second homes in NYC valued over certain thresholds, set to generate $500 million annually starting July 1, 2026.

The well-respected Public Affairs Research Council of Alabama, headquartered at Samford University in Birmingham, has issued its 25th anniversary report, How Alabama’s Taxes Compare, which discusses the sources and uses of taxes in Alabama.

Within the past year, five counties changed their appeal deadlines: Cambria, Fayette, Indiana, Lawrence, and Montgomery Counties moved their annual appeal deadlines from September 1 to August 1.