Real Estate Archives

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Articles International Commerce Group Real Estate

Overview of FIRPTA Withholding on the Disposition of U.S. Real Property

A foreign “person” disposing of an interest in U.S. real property may be subject to the Foreign Investment in Real…

April PengNovember 16, 2022

Articles PILOT Real Estate

Leases- What should I know now to save time and money later?

We are now in the 4th quarter and looking forward to the year end close process, it is important to…

Kerry DudaNovember 7, 2022

Articles PILOT Real Estate Tax Services

Financial Reporting for Payment in Lieu of Taxes Program

Real estate developers typically utilize the federal income tax basis of accounting to prepare their internally generated financial statements. Developers…

WilkinGuttenplanJuly 7, 2022

Articles Real Estate

New Jersey Enacts New Concrete Mandate for Real Estate Developers

On November 8, 2021, New Jersey Governor Phil Murphy signed legislation that requires builders to offer concrete products that utilize…

Jenna McDonoughNovember 15, 2021

Articles Real Estate

Cost Segregation as a Strategy to Reduce Your Tax Bill

A cost segregation study is a tax planning strategy that many real estate entities take advantage of to increase immediate…

Jenna McDonoughAugust 3, 2021

Articles Individual Tax Real Estate

Can I Write-Off My Vacation Home?

With the kickoff of summer and traveling back on the radar, vacation house rentals are a hot topic. This article…

Jenna McDonoughJuly 6, 2021

Articles COVID-19 Real Estate

IRS Provides Additional Relief for Qualified Opportunity Funds

In response to the COVID-19 pandemic, the IRS published Notice 2021-10 which aims to provide relief for Qualified Opportunity Funds…

Jenna SanfilippoFebruary 17, 2021

Articles COVID-19 Real Estate State and Local Tax Tax Services

NJEDA Small Business Emergency Assistance Loan Program: Phase 2 Pre-Registration to Open Next Wednesday 2/10

The New Jersey Economic Development Authority (NJEDA) recently announced the second phase of its Small Business Emergency Assistance Loan Program,…

Meg ChesleyFebruary 2, 2021

COVID-19 Real Estate

Rental Assistance Available to Renters Impacted by the Pandemic

In December 2020, the Consolidated Appropriations Act 2021, a tax, funding and spending bill containing almost $900 billion in coronavirus…

Melissa MarsicanoFebruary 1, 2021

Articles COVID-19 Real Estate Tax Services

Increased Incentives and Relief for Low Income Housing Tax Credit Developers

On December 27, 2020, President Trump signed the COVID-Related Tax Relief Act of 2020. The Act provides incentives for affordable…

Kerry DudaJanuary 27, 2021