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Kentucky cases recently held that property is not exempt from taxation merely because the owner may be constitutionally exempt. Also, the valuation of leased property is rental income less expenses.

As with many states, Alabama provides an exemption from its sales and use tax if tangible personal property is purchased for the purpose of leasing or renting it to a third party.

Even in the digital age, most federal and many state agencies consider important documents (like tax returns) filed on time if the filer can prove the documents were mailed by the due date.

The IRS and Treasury Department recently issued temporary regulations (T.D. 9814) and, by cross-reference, proposed regulations (REG-127203-15)...

The final day has passed for Governor Abbott to veto legislation that was approved during Texas' 89th Legislature Regular Session.

Toronto's New Vacant Home Tax is an annual tax that will be levied on vacant Toronto residences starting in 2023. The Bylaw supporting the new vacant home tax came into effect on January 1, 2022, and the tax will become payable in 2023.

Yes, it is possible to save hundreds of thousands of dollars per year on your commercial real estate property taxes!

When buying or selling real estate or structuring corporate asset transactions in Washington, tax considerations are rarely far from mind. One of the most significant state level costs in any transfer is the Real Estate Excise Tax (“REET”).

Recent suits in other states examining the tax exemptions of non-profit hospitals considered charitable contributions as the primary factor in evaluating a hospital's non-profit status.

Owners of federally subsidized multifamily properties in Ohio are now able to make specific financial disclosures to take advantage of a new law that changes the way such properties are valued for real estate taxes.

While most people anticipate encountering transfer taxes when buying or selling real estate, many are caught off guard by state and local transfer taxes that can significantly affect leasing transactions.

This bill makes minor changes to A.R.S. § 42-6009 (the online lodging marketplace classification, enacted in 2016),

On May 22, 2023, the California Assembly unanimously passed a bill that, if enacted, would provide a significant benefit to California businesses that make capital investments in manufacturing..

As noted in an earlier Real Estate Opinion Update, a recent revision to the Wisconsin Statutes has made it impossible for our firm to opine that making a loan, taking a mortgage on property in Wisconsin and enforcing rights under that mortgage would not be likely to create the type of "nexus" required to subject the lender to Wisconsin income tax.

The Ohio Supreme Court unanimously has held that real property owned by a public school district's board of education was exempt from property tax, regardless of how the property was used.

Freeman Law's "The Tax Court in Brief" covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose.

A recent Sixth Circuit decision examines whether property owners are entitled to surplus proceeds when their homes are sold at tax foreclosure auctions for amounts exceeding the underlying tax debt. The case raises fundamental questions about how just compensation should be measured under the Fifth Amendment—specifically whether delinquent taxpayers should receive the fair market value of their property or merely the discounted auction price realized at a forced sale.